Every 7 years I declare bk, then slowly get a bunch of credit cards, fill them up, and declare bk again. Is there a way a company like Sears can do this to keep surviving ?

I worked on the district and regional staff in the 1990's and early 2000's. At that time Sears had thousands of stores and over 300,000 employees. Today we have or will have 400 stores and 50,000 employees. No one talks about those 250,000+ employees... — read more 

That's the best description where Sears is today .But who thought that after the lemon had been squeezed dry that you could get away with pretending to be planting a new seed from the empty fruit. Painfully slow death... the worst.

Lots of false rumors and inaccurate Info being spread here. Eddie, monster though he is, has in fact made a reasonable offer and will most likely be the winner once everything shakes out. We will be down to 400 plus stores but we will survive. The... — read more 

Chapter 7 is definitely still on the table. Eddies bidding along with the liquidators. If his bid is higher than the liquidators, sears lives on, assuming he can change the relationship with all the vendors about to get screwed in the process (and... — read more 

His alternative bid for $1.8B for just the real estate assets is the real bid. Sears and Kmart are done.

https://www.wsj.com/amp/articles/lampert-to-bid-for-sears-real-estate-if-rescue-attempt-fails-11546452228

All roads pointing to liquidation. https://www.cnbc.com/2019/01/02/eddie-lampert-offers-to-save-sears-or-salvage-in-partial-liquidation.html

Things arent looking good and I don't even believe that Eddie's bid could change a lot for sears, but I think that we will have a more clear view of what's to come... — read more 

What happens to STAC techs, home services technicians and other customer support functions located within the Round Rock building if chapter 7 rears it’s ugly face?

Since the 80 stores Sears recently announced as closing will stay open until March, that pretty much means that the rest of the stores are good until at least June? If it takes three months to close stores and, as I'm assuming, no new announcements... — read more 

My plan is to reopen all of the stores that have closed, give them complete makeovers, fill them with nice merchandise at reasonable prices, and staff them with competent and friendly employees.

With all the mess that this is, would you bet against him? So the board didn’t want to play and he said fine and balked at the last loan Payment. Now he is the white night and looks like the last hope. Before bankruptcy he was the last hope too. How... — read more 

Are the Call Centers closed overseas? What's going on with Home Services?

Trying to sneak it in while school's out and have it all done before school's even back in session

rainbows ,puppy's and happy endings for all

OBJECTION OF THE UNITED STATES TRUSTEE TO APPLICATION OF THE DEBTORS FOR ENTRY OF AN ORDER APPROVING AMENDMENT TO TERMS AND CONDITIONS OF THE DEBTORS’ EMPLOYMENT AND RETENTION OF LAZARD FRERES & CO, LLC AS INVESTMENT BANKER TO: THE HONORABLE ROBERT... — read more 

In my humble opinion there is no positive outcome for the workers at Sears, no matter what scenario pans out. Sooner or later Sears will be gone and everybody will bee out of a job. But upside is that, what ever scenario becomes reality, layoffs... — read more 

I can’t say that I feel even a little relief, hope, much less euphoria which I’ve seen people express on this board and even at the company, about the last minute -bid from Eddie. Don’t want to be the voice of doom, or rub salt on to anyone’s wound ... — read more 

Think what you want about Eddie, but how good do you have to be in order to continuously find people who are willing to continue financing this sinking ship? It is obvious to everybody and their grandmothers by now that Sears is dead, and yet people... — read more 

Even though it’s 3 years away, I might get my pin the way this company just won’t die! Lol I’m glad I found another job and only have to work at sears one day a week. It’s amazing the differences in my new company I only do one thing for more money... — read more 

Just what the hell did Eddie promise to BoA, Citi, and RBC to get them to pony up $950M? What are the terms? He could barely get liquidators like Great American and Shady dealers like Cyrus into the mix, and suddenly BoA and Citi show up? It's... — read more 

Eddie was CEO and Chairman of the Board of Sears. Does anyone believe for a nanosecond that he prioritized Sears' survival with the same consideration he gives Seritage and ESL?

Did a whopping $1467.83 in sales by close today. Thanksgiving and Black Friday was a flop. And this store and ones like it are supposed to be the ones going forward? Please!

Don't ask me who I am, because I won't say---I have good reasons. I will tell you this: I have worked for Sears for several years after leaving a similar high paying position with another major retailer. Sears has paid me well in my current position... — read more 

I'm not a shill, and I'm not Lampert. I'm an entrepreneur who enjoys creating. I've been operating since the early 80s. 1) dust settles with 400ish shell footprints. 2)but 600ish SHOS stores remain as well. Kudos to Lampert'$ team for moving that... — read more 

Right as the company went bankrupt there was a number of store files passed around trying to determine the go forward number. Eddie said let’s go with all of them as the restructure org. There where a lot of dogs on that list. Remember top 100 stores... — read more 

Lampert's bid is backed in part by $1.3 billion in financing from three different financial institutions, the spokesman for his hedge fund, ESL Investments Inc, said. It would preserve about 425 stores that Sears has yet to close, and secure the jobs... — read more 

This was already planned probably back in September. They're systematically shutting down so there isn't a glut of real estate hitting the market all at once like there was for Toys R Us and all their properties. You shut them down in stages like... — read more 

Why is this site just filled with people who hate sears? Why do you come here? Did you get kicked off of yahoo or seeking Alpha? Seriously? You bury the threads that have info for employees so you can bash sears. Yeah, we s---. We’re trying to get it... — read more 

He's only bidding so he can recoup his money owed to him, hell I would do the same thing. Sell it piece by piece for more than what chapter 7 would have provided, then get rid of as many lazy workers and high payed people who are non essential. He's... — read more 

Sears has been "transforming" for the past decade and a half......from a profitable retailer to a bankrupt one. Empty parking lots, stores empty of customers does not signify a healthy retailer.....Cistomers can buy Craftsman Tools at Lowes and... — read more 

Has there ever been a retail company in all of America's history so incompetent that it managed to lose over half a billion dollars in a six week period that included Black Friday? I think Eddie has actually set the bar for greatest failure in... — read more 

The only way they kept good employees was by saying they would reward their best. I worked around many very lazy Sears workers that they kept while laying of their most dedicated and hardest working associates as they like to call everyone. I created... — read more 

Well, this proves that Sears will prolong its death until the last possible moment, no mater how useless all the delays and reprieves and whatnots are. At least it gives people more time to find a new job. Those who are smart enough to start looking... — read more 

Posted on Prime Clerk by Sunny Singh at 23:09 on Dec 28. Way to bury it, 11pm on a Friday

A smaller, profitable store footprint, revitalized brand, enhanced digital presence, top brands like Roebuck & Co and Craftsman, and shed debt means that Sears post-restructuring will be enormously successful. Doubters have been wrong for years about... — read more 

Looks like they are actually included as part of the assets to bid for the company. And I thought they had no real value. Time to start mining the internet for syw transactions and make some real money !

Holiday sales are over and the judge is forcing Sears to pay a boatload of parties months of money owed. It doesn't take a financial genius to figure out that cash going out faster and cash coming in slower means a lot more layoffs are coming and... — read more