Topics regarding layoffs at Sears

Topics regarding layoffs at Sears

Bankruptcy/Liquidation Requires No Severance Payments

This is reason #790,255 why you don't sign on for 7-8 year car loans and use credit cards to go on vacation or buy yourself worthless bling. 68,000+ people about to encounter the REAL state of the US economy. That's the one with 45 million on food... — read more 

An orchestrated scam

The more I look at this situation the more I am convinced that this way things are panning out is a scenario that has been organized purposely and that at the top new that Sears wasn’t going to survive, even before the bankruptcy was announced. If... — read more 

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| 880 views | | 4 replies (last January 7, 2019)
Post ID: @OP+WZ253IL

Home Services

What happens to an otherwise healthy division like home services during liquidation? Does it still function? Is it put in a coma until it is sold?

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| 940 views | | 7 replies (last January 7, 2019)
Post ID: @OP+WZkxeuK

The shape of Sears if it survives bankruptcy

We all know that Sears as we know it is dead. At the same time, a lot of us are hoping that it can, by some miracle, avoid total liquidation. Here is an article that portraits the possible form that Sears could have if it survives the bankruptcy, and... — read more 

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| 860 views | | 3 replies (last January 7, 2019)
Post ID: @OP+WZGZIYv

How negotiations work

The buyer tries to pay as little as possible, the seller tries to get as much as possible. This is a negotiation with only one serious buyer. That buyer, whether you like it or not, is Eddie. Today, tomorrow, January 14th, whatever, Eddie will own... — read more 

Closed stores still listed on Store Locator

Just curious if anyone can confirm that any completely closed stores are still listed on store locator's, Sears or Kmart. When my local stores closed they were removed when they started liquidating, which was odd. I still see stores listed that were... — read more 

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| 800 views | | 6 replies (last January 7, 2019)
Post ID: @OP+WZsflsM

So, how are things at Hoffman?

Just wondering how things are really at HE. It seems like everyone is still pushing the 'transformation', which is to be expected. But how many people are still there and how many people really care?

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| 1360 views | | 8 replies (last January 7, 2019)
Post ID: @OP+WZp91Zv

Sears terminology

Transform Holdco: Seriously! What weed smoking genius came up with this name? It sounds like it should be listed under the NYSE ticker symbol of THC, too bad that ticker symbol is taken by tenet healthcare. It sure proofs lawyers aren’t that... — read more 

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| 553 views | | 2 replies (last January 6, 2019)
Post ID: @OP+WZT1J4F

ESL Bid Fails

YahooFINANCE Sears Prepares for Possible Liquidation as ESL Bid Fails Eliza Ronalds-Hannon and Lauren Coleman-Lochner BloombergJanuary 5, 2019, 8:36 PM PST Sears Prepares for Possible Liquidation as ESL Bid Fails (Bloomberg) -- Sears Holdings Corp... — read more 

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| 970 views | | 4 replies (last January 6, 2019)
Post ID: @OP+WZPQCyc

What a Joke.

Tens of millions of dollars in restructuring experts and lawyers and we’re going from 11 to 7 in 2 months. What a f---ing disgrace.

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| 700 views | | 4 replies (last January 6, 2019)
Post ID: @OP+WZJAgFA

When asked where I work

When I am asked by anyone where I work I definitely do not say sears, only if I'm applying for another career and want to provide an answer to: why are you leaving your current job? Answer cause sears is in Bankruptcy and it's short term future is... — read more 

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| 780 views | | 6 replies (last January 6, 2019)
Post ID: @OP+WZBAAoC

my bet for monday

Eddie has to drop at least half the amount in cash as the hilco bid. thats the back and forth that is probably happening right now. Additionally, I bet that eli wexler has made some comments here. Getting stretched out goes in eddies favor, he will... — read more 

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| 1290 views | | 7 replies (last January 6, 2019)
Post ID: @OP+WYK60OZ

So what the H are we supposed to do on Monday?

I work at HE and have been searching for information on exactly what the status is for Sears. Is the court/Sears committee still reviewing the bid? I thought a decision was supposed to be made yesterday by 4:00. So besides filling for unemployment... — read more 

Interesting article

https://finance.yahoo.com/news/sears-survival-hangs-thread-bid-015818415.html

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| 525 views | | no replies yet
Post ID: @OP+WYV15ed

I AM EDWARD SCOTT LAMPERT

I AM LEGEND I AM BECOME DEATH, DESTROYER OF WORLDS GITA OUT OF MY WAY MORTALS BWAHAHAHAHAHAHAHAHAHAHAHA!!!!!!!! (Sits on his throne, deep in his underground lair. Strokes his black cat that wears a diamond encrusted, platinum collar. "We will show... — read more 

just wondering

It would be nice to get communication from our DM or RVP. It's just silent and Pebble is depressing. Just a bunch or good lucks and farewells.

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| 1590 views | | 12 replies (last January 6, 2019)
Post ID: @OP+WYCDHUz

Rats bailing the ship

Resignation of Dean Schwartz, President of Hardlines announced 2 minutes after the deadline passed https://www.ft.com/content/97bca0c8-106a-11e9-acdc-4d9976f1533b

NEXT COURT DATE JAN 11

Eddie can offer more , but creditors and liquidators want it gone , January 14th is when it all is done !

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| 1010 views | | 1 reply (January 5, 2019)
Post ID: @OP+WXZbWxt

ASO???

Is the ASO gone? The phone just rings and rings with no answer.

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| 1440 views | | 5 replies (last January 5, 2019)
Post ID: @OP+WXI07p6

There could have been a different path

I know that at this point it's easy to say that it would have been better if things were done another way. I don’t want to sound pretentious, much less sentimental, but this article just pointed out that there were many different paths in which Sears... — read more 

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| 1040 views | | 7 replies (last January 5, 2019)
Post ID: @OP+WWJyPeY

No use getting excited over Eddies A and B plan

I’ve made my peace with the fact that Sears as we know it is gone. While if Eddie’s primary bid is accepted Sears might survive in the sense that it’s company name survives, but in that case would be a very different company than the one we know. The... — read more 

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| 1520 views | | 8 replies (last January 4, 2019)
Post ID: @OP+WWJ7131

Customers are not coming back

Even if by some miracle when all of this is over something of Sears is still left standing, do you really think things will be any different than they are now? Customers have moved on. I honestly can't think of a thing that would bring them back... — read more 

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| 820 views | | 6 replies (last January 4, 2019)
Post ID: @OP+WWgacd3

How Hard Is It

My store is one of the 140 that was announced after the bankruptcy. Since then we have put over $780,000 in profit on the books. Even last week at everything 40%-75% off we made $40,000. You would think the company could figure out how to do this... — read more 

Sears and TyRus

Liquidators publicly look bad on toys r us deal this one has a much wider tail and a hundred years will not look good and may be made to pay iand care. They do not wish to become household names

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| 620 views | | 5 replies (last January 3, 2019)
Post ID: @OP+WWkryuI

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