Straight from the Top to FLS managers, minutes ago: We wanted to provide you with a brief update on our restructuring process related to today’s deadline for qualified bids for Sears Holdings. We have received several bids including one this... — read more 

He destroyed an entire company and tens of thousands of jobs all in the name of insatiable greed, and now in order to finish the job, he claims he wants to buy Sears in order to save tens of thousands of jobs!!! AND PEOPLE ACTUALLY FALL FOR THIS... — read more 

Sears Chairman Edward Lampert moved Friday to throw a lifeline to the bankrupt retailer even as the company announced plans to close 80 more stores, including two in Illinois. Lampert’s hedge fund said in a statement that it pulled together financing... — read more 

I'm not even kidding

Will Citibank takeover?

he has already 'telegraphed' the average price for buying out the stores at $9,200,000 each Who in their right mind would even contemplate bidding on the ruins

Who will want to buy them now ?

80 new stores closing Eddie got a bid in. Still needs to be "qualified". May need financing. Won't know until first week of January. The torture continues. Stay tuned.

Department store chain Sears won a reprieve from liquidating Friday after its chairman, Eddie Lampert, submitted a bid in an effort to buy the retailer and keep it alive, people familiar with the situation tell CNBC. Lampert’s hedge fund ESL... — read more 

NEW YORK — Eddie Lampert is asking for more time to round up financing for his bid to keep Sears Holdings Corp. alive, according to people with knowledge of the matter. Lampert, chairman of the bankrupt chain, is counting on getting some financing... — read more 

I left that horrible company a year ago because they threat people like rats ! why do some of you pray for Eddie to make a bid ? he is not your savior ! go get a real job and get away from that toxic s---- hole so you can live like a human being !

The time stamps on the latest documents published to the bankruptcy docket suggest Eddie Lampert did not submit a bid by the 4pm deadline. Documents have been published just before 3pm and at least 15 minutes after 4pm... with no sign of a rescue bid... — read more 

However, Sears has been a major news headline all day in every media channel, with the 4pm deadline front and center, and corporate has done nothing to reassure the rank and file. I think people should read between the lines of what's not been... — read more 

So did he bid or not? We. Need to know immediately. Someone's gotta be on here with inside connections. So come on leak it.

Kmart, 7055 East Broadway, Tucson, AZ Kmart, 2180 E Mariposa Rd, Stockton, CA Kmart, 20777 Bear Valley Rd, Apple Valley, CA Kmart, 1000 San Fernando Rd, Burbank, CA Kmart, 2875 Santa Maria Way, Santa Maria, CA Kmart, 2505 Bell Rd, Auburn, CA Kmart... — read more 

What's the point of announcing the closing of 80 more stores if liquidation is imminent?

Attorneys are reportedly finalizing a formal bid from Edward Lampert and some other investors to rescue Sears and Kmart. Financing was still incomplete but was likely to be arranged before the 4pm bid deadline. The legal team will likely file the... — read more 

What's this talk about January 15 layoffs at HE? Was there an announcement in all this madness that's been going on today that I've missed?

The Cummins system is NOT a POS cash Register system, is a fancy coin counter. Some Kmart store had them and when they close, the system gets sent to open stores that are high cash volume. Honestly we got one 3 months before we were announced. The... — read more 

It isn't right that corporations make billions off of the backs of workers, pay those workers less than living wage, and then screw their severance when it's time to close the doors. Eddie Lampert has cushioned his self while employees who have... — read more 

The issue isn't Eddie making the bid, its that he does not have the money to do so, he wants someone else to put it up for him and he cant find anyone that stupid to do it. A short post by @WPqPjvU-1dlb that tells the essence of the situation

for Brain Drain to sign final order for J.R. DIP financing to allow continuing to at least Feb 16th Pg 145 of court docket 1426 sets out weekly cash flow in Revised 13 Week DIP Model and cash flow goes down every week The fat lady is in the bullpen... — read more 

2990 closing in March

Kmart, 7055 East Broadway, Tucson, AZ Kmart, 2180 E Mariposa Rd, Stockton, CA Kmart, 20777 Bear Valley Rd, Apple Valley, CA Kmart, 1000 San Fernando Rd, Burbank, CA Kmart, 2875 Santa Maria Way, Santa Maria, CA Kmart, 2505 Bell Rd, Auburn, CA Kmart... — read more 

Kmart #3256 in Baltimore announced it's closing.

The U. S. Trustee filed a 300 page treatise about how Sears isn't making payments on Kenmore/Craftsman/Diehard IP and needs a new manager. Judge Drain took one look at it and said, yep, I agree, and signed it, appointing away Sears' right to manage... — read more 

Well thank God for that

The struggling retailer announced today that it will close 80 more stores, adding to the hundreds its already announced this year, according to a company statement.

With all this news of our possible demise we were just called that we are going to a new cash system..Cummins? January 5 we will be getting new machines etc? That isn't a sign of a company that's closing in my opinion. When the supervisor asked are... — read more 

Does he have to lose $100 billion for them to learn their lesson?

39 Sears stores and 118 Kmart stores. Stores will be advised first thing Monday morning.

The court reports just 4 hours remaining with no bids received.

Every media outlet is reporting that it's Sears' final hours now. That kind of thing becomes a self fulfilling prophecy when it comes to consumer and vendor confidence and employee morale.

Is today the day we finally find out once and for all what's going to happen to us?

Sears (OTCMKTS:SHLDQ) is on its deathbed, for real this time. CNBC reports that if a bid does not come in today by 4:00pm EST at market close, the 125-year-old retailer and ironically the first retailer to step away from the brick-and-mortar model... — read more 

The deadline for a potential bid for Sears for Sears runs out today, and we haven’t seen any serious offers except the one Eddie put in. Just wondering what is the outcome. Are we going to see a deadline extension or is today the day that the... — read more 

Those wishing for severance and unemployment - First of all unless you are among the chosen few,you won't get any severance. You also won't get a lump sum option on your pension . Your Health insurance options will be limited to expensive COBRA ... — read more