Topics regarding layoffs at Sears

Topics regarding layoffs at Sears

So...

How are those post holiday sales numbers looking? The transformation should be just about complete as Eddie has shed the unprofitable stores and old inventory, renegotiated vendor contracts, streamlined business processes, delighted members, and... — read more 

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| 730 views | | 3 replies (last January 10, 2019)
Post ID: @OP+X3zD1c3

Corporate Email

I heard a rumor from someone at HE saying they got an email today that the company was going private and merging under one brand? This is probably b---s--- but can anyone from HE confirm or deny this email?

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| 2210 views | | 13 replies (last January 10, 2019)
Post ID: @OP+X37azOg

cash burn

I heard we're still paying relocation fees to fill open positions in off shore markets. Who approves this during chapter 11?

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| 550 views | | 2 replies (last January 9, 2019)
Post ID: @OP+X26u7q6

It's 5 pm

Do you know where your 120 million is?

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| 1620 views | | 13 replies (last January 10, 2019)
Post ID: @OP+X2pxipg

Two things that will make this the final few months

I can understand that some people believe this will drag out that long, but two things are almost certainly going to make this the final few months. #1 Cash Burn - SHLD is currently burning through tens of millions of dollars in a single week just to... — read more 

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| 820 views | | 5 replies (last January 10, 2019)
Post ID: @OP+X28goOt

So about that $120mil

Did Eddie get that money ready yet for today or is he being Mr. Drama and waiting for the last moment to do it?

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| 1170 views | | 7 replies (last January 9, 2019)
Post ID: @OP+X2jiDUx

stick a fork in it

The worst part of waiting for the inevitable is that your DMS are still demanding stupid sh-- to still be done. Listen buddy, this isn't a long term gig. Get off my back and F your processes. Be honest with yourself and open your damm eyes. No one... — read more 

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| 894 views | | 3 replies (last January 11, 2019)
Post ID: @OP+X2F3DUp

Concur expenses

Has anyone here who had an expense tab in Concur been reimbursed yet? I was let go in November - got a check from the bankruptcy court for my mileage, but they still owe me about $900 in expenses for equipment rentals, etc.

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| 800 views | | 6 replies (last January 10, 2019)
Post ID: @OP+X2U4xQs

hardship fund

will the hardship fund be distributed only to new layoffs, or also to those already laid off ?

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| 850 views | | 6 replies (last January 9, 2019)
Post ID: @OP+X2AKwb0

This will stretch out into 2020

Mark my words. Sears has been on its deathbed for how long now? And every time something came up to prolong its suffering. I'm betting the same thing is going to keep happening throughout this year. Just look at what has happened so far! Sad but... — read more 

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| 691 views | | 2 replies (last January 9, 2019)
Post ID: @OP+X2G8ABK

Parts of Sears that will have value in liquidation

Maybe the most of us already know this but found this article that contains a good review of the parts of the company that still has value if Sears goes into liquidation. We all know that liquidation, at this point, is a very probable outcome, if not... — read more 

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| 715 views | | 3 replies (last January 9, 2019)
Post ID: @OP+X24Rpn2

From the Creditors' Viewpoint

They should just say "Your honor, from our perspective, Mr. Lampert hasn't accomplished a single thing except burn through $700M of our money and further prove his incompetence by managing to lose money during the holiday season. There is no evidence... — read more 

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| 582 views | | 2 replies (last January 9, 2019)
Post ID: @OP+X2EkJOX

I think my favorite docket filing this week

Was the one filed by the us trustee asking judge drain to appoint a fee monitor because Sears apparently appoints the most expensive lawyers in the world who apparently aren't doing anything useful

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| 700 views | | 2 replies (last January 9, 2019)
Post ID: @OP+X28c1Sv

Can some stores survive?

When TRU liquidated, there was talk about somebody buying a small number of their stores and continuing to run them the same as before - with same employees who already worked there - only under a different name. Can something like that happen with... — read more 

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| 560 views | | 2 replies (last January 9, 2019)
Post ID: @OP+X2Pr9sX

The reason no one believes in Eddie's Go Forward Plan

Is because no one believes that anyone could believes that anyone could have intentionally run Sears this badly for the past 14 years, or failed at the bankruptcy this hard for the last two months. Eddie doesn't understand capital, period. He's not... — read more 

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| 660 views | | 3 replies (last January 10, 2019)
Post ID: @OP+X2DeVVK

This is getting annoying.

Everyone is talking about saving all these jobs. What about toying with all the employees making them sit on the edge of their seat wondering whether they will be employed much longer. They could be actively looking and applying for jobs. Most of the... — read more 

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| 900 views | | 5 replies (last January 9, 2019)
Post ID: @OP+X2nXzVN

Bankruptcy

I’m not a Sears employee but what upsets me after reading an article is that they approved a specific amount of money for bonuses for upper management. 50,000 employees jobs are on the line due to lack of decision making. Employees trust that upper... — read more 

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| 603 views | | 3 replies (last January 10, 2019)
Post ID: @OP+X2BS3ux

New Player

I’ve heard from two relieable sources that Carl Icahn is in the wings, waiting to swoop in and collect what’s left. Just waiting for Eddie, to get the boot, from the court. Keep your eyes and ears on the financal networks.

Dcc in Cleveland

Is the dcc still up and running in Cleveland? Heard they were closing at end of January but cannot get through to anyone there.

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| 755 views | | 2 replies (last January 10, 2019)
Post ID: @OP+X1S2J7M

Commercial Real Estate Tutorial by Eddie

Commercial Real Estate Tutorial by Eddie: Seritage owns a lot of the Sears real estate (which Sears sold to them at way below market prices, something that creditors are getting ready to sue them for, and who knows, maybe there could be jail for... — read more 

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| 750 views | | 3 replies (last January 9, 2019)
Post ID: @OP+X1lAjxY

Who is Sears?

When they talk about "Sears" as in sears rejected Eddie's bid. Who exactly are they talking about? Is it the board of directors? Lawyers? Who?

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| 850 views | | 5 replies (last January 9, 2019)
Post ID: @OP+X1c260C

It's important to note how far Eddie is from an actual bid

The judge didn't ask for $121M for a bid. He asked for $121M as a deposit to as a show of good faith that he could make good on an actual qualified bid by Wednesday. That's how far apart Eddie is from making a real bid before his efforts turn into a... — read more 

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| 763 views | | no replies yet
Post ID: @OP+X1wQJck

Same Day Payday Loans

It's a little ridiculous. Sometimes we have to just say goodbye and let things die. It seems like they are just messing with people at this point. Sears lives one more day... will Eddie make the 120 million dollar payment. All the HE employees are... — read more 

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| 1020 views | | 4 replies (last January 8, 2019)
Post ID: @OP+X1J9RGF

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