What's the over/under on the company surviving that long?
Accelerating our Strategic Transformation and Facilitating our Financial Restructuring
Over the last several years, Sears Holdings has worked hard to transform our business. While our plan is delivering for our members, our efforts to become a profitable and more competitive retailer have been impacted by a difficult retail... — read more
Sears picks a liquidator. Starting to force eddies hand.
Eddie needs to come up with real cash. https://www.cnbc.com/2019/01/06/reuters-america-sears-picks-liquidator-should-rescue-talks-fall-through-sources.html?&qsearchterm=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
Eddie Bid Fails. Sears Prepares For Liquidation
https://www.zerohedge.com/news/2019-01-06/sears-prepares-liquidation-lamperts-11th-hour-bid-fails
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
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?
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
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
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?
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
Sears desperately needed to do something about inventory turnover
Sears desperately needed to do something about inventory turnover. Prior to bankruptcy, Sears had days in inventory of 194 days. It cannot be overstated how bad this is. You cannot do business turning over your inventory less than two times a year... — read more
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
What happens to employment verification if Sears goes under or stops paying the verifier?
I was an operations manager, was laid off for a month and came back as a hardlines zone supervisor at a different store in the same district. Hindsight being 20/20, that was a stupid decision (had a few offers for supervisor/ASM positions put Sears... — read more
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.
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
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
People try Indeed.come job search
It works
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
Has everyone's store taken the option out at checkout to get cashback?
I made purchase yesterday and was going to get $20 dollars back and it's no longer an option.. Cashier said it was due to some kind of scam going on Very interesting
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.
What are you most looking forward to in the Go Forward Plan?
I'm excited about new investments in Jacklyn Smith, Roebuck and Company and Covington. Softlines are up for a big upgrade with the new season coming up, and social media influencers cannot get enough of those leopard prints! Expanding all Kmarts to... — read more
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 !
Looks like total liquidation
According to CNBC, Lampert’s bid is short
ASO???
Is the ASO gone? The phone just rings and rings with no answer.
ANY RELIABLE NEWS YET ?
Anyone in court who wants to get something off their chest ?
Doing the same thing over and over and each time expecting a different result
Insanity defined: Doing the same thing over and over and each time expecting a different result. In order for Sears to transform/reorg into a new company, and have any chance at success, we need a whole different management team, and EL needs to not... — read more
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Restructuring website is giving me this now FWIW
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
How do you make a small fortune in Sears?
By starting out with a large one!
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
everyone has learned Sears is a bad place to do buisness !
Just not going to happen as far as the rebirth of Sears ! Too many bridges burned with customers , and they treat employees like trash ! the more slowly this company dies , the more I love to watch it !
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
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