Topics regarding layoffs at Sears

Topics regarding layoffs at Sears

Florida Unemployment Benefits

Wow I just looked up states unemployment benefits. Flordia s---s -12 weeks, and u only get up to 275 a week. I was just out of work in ohio. Pay up to 26 weeks. I made 580 a week. I had nice time off, still had five weeks left when I started working... — read more 

by
| 696 views | | no replies yet
Post ID: @OP+WQZg9Pb

The end.

Looks like all stores will be done by next week. Liquidation company will take over and almost all staff will be let go immediately.

by
| 1010 views | | 5 replies (last December 28, 2018)
Post ID: @OP+WQ2WY68

New Years

Nobody can tell me if New Years is a paid holiday or not. I'm only asking so I know which day to quit ;)

by
| 830 views | | 6 replies (last December 28, 2018)
Post ID: @OP+WQo3LMi

Finally chapter 7 .... Maybe

This is exciting because I don't want to come off vacation. Unfortunately it won't all happen at once. Popcorn out its getting to be like a great out of your seat chilling thriller... LoL I will be requesting a raise, if or most like... when I return... — read more 

by
| 700 views | | 1 reply (December 28, 2018)
Post ID: @OP+WQe8Gv5

Emergency Confrence Call Today

There was an emergency conference call today. I have no idea how many store managers were on the call but our store was told we are going to be closed. The store manager had an assistant go around and tell everyone. There will be an early morning... — read more 

by
| 2390 views | | 12 replies (last December 28, 2018)
Post ID: @OP+WPSObdv

LAST 24 HOURS FOR SEARS

No stalking horse , no one to purchase losing opportunity in whole , Eddie does not have friends to spend on dead horse and he refuses to open wallet , Sears will be sold in very small pieces and the rest is retail history !

by
| 1270 views | | 5 replies (last December 28, 2018)
Post ID: @OP+WPqPjvU

Chapter 7

ALL stores will close "immediately" and re-open under the management of the liquidation company. Yes, it will take 2-3 months to close a store (some will close quicker and consolidate merch to other stores) but the moment liquidation starts (on a... — read more 

by
| 1550 views | | 4 replies (last December 28, 2018)
Post ID: @OP+WPMtngO

More cutbacks to start the new years

So no more runs to Sam's to keep the bathrooms stocked with toilet paper I guess. BYOTP and members can be wow'd and delighted by grabbing whatever's available from men's underwear I guess.

by
| 601 views | | 1 reply (December 27, 2018)
Post ID: @OP+WPgL7pX

Retail 101 - Store Concentration and Advertising

The more I watch Sears fall apart, the more it is becoming obvious that either senior leadership doesn't know how to run a retail giant, or senior leadership is running a real estate company rather than a retail company. Here's just one example that... — read more 

by
| 770 views | | 3 replies (last December 27, 2018)
Post ID: @OP+WPlcqWk

Creditors meeting notice went out on 20th

Subject: Basically just a mailing list to the creditors committee and referencing the previous docket filings expected to be discussed The oft delayed Ch 7 motion Store closing list Liquidation procedures The Ch 11 filing itself Sounds like fun

by
| 810 views | | 3 replies (last December 28, 2018)
Post ID: @OP+WPXep14

Louder for the people in the back

TRU declared Chapter 7 in early March 2018. The stores remaining at that time didn't finally shut down until late June 2018. Liquidation takes months. Everybody needs to read this. Yes, some stores will close immediately. Those closings have been in... — read more 

by
| 1080 views | | 14 replies (last December 28, 2018)
Post ID: @OP+WPNmD2o

Okay. The court bankruptcy court was handling claim #1421 today

Guess who is getting paid now? Attorney fees billed in advance, all utility companies, and multitudes of other claimants. Doubt that there will be any help from the court regarding our back wages due before bankruptcy. I hear 20/20 is interested.

by
| 820 views | | 4 replies (last December 27, 2018)
Post ID: @OP+WPSonVV

Sears to incur charges in the amount of $443 million

Sears stated that by its internal estimates the company will incur charges in the amount of approximately $443 million as a result of earlier announced store closures. I believe that this is a mild estimation and that the value of charges, in... — read more 

by
| 451 views | | no replies yet
Post ID: @OP+WPOIzaB

Happy No New Year. It's Time to Shut The Doors.

Forget about the severance or a thanks for staying around. Just like in Monopoly the good properties are gone and the bank is empty ... so you loose. P.S. could you please get the lights ?

by
| 530 views | | no replies yet
Post ID: @OP+WPuE1uu

Why can’t we order appliances in southern Cali!!!

I hate how we cannot order appliances in Southern California!!!! I can’t make a living on selling mini fridges all week long!!! Haven’t made a bonus in 2 months either!!! I’m so fed up! Something has to be illegal about this!!

by
| 850 views | | 7 replies (last December 27, 2018)
Post ID: @OP+WPIeGRZ

Severance Question

Is SHC still offering severance to the salaried workers being let go? My coworker says severance is capped at 12 weeks. Is that still true?

by
| 1110 views | | 8 replies (last December 27, 2018)
Post ID: @OP+WONW2Tn

The destruction of the goose that layed the golden eggs

I think I read most of the analysis of the downfall of Sears in the media and they pretty much came to the same conclusions, but I found this article to be a sincere portrait of Sears’s demise not from a perspective of someone who is an expert on the... — read more 

by
| 983 views | | 3 replies (last December 27, 2018)
Post ID: @OP+WO1SV2Z

Is this really what happened at some stores?

Our store closed at 6pm. TARGET AND WALMART nearby are open until midnight. Corporate even shut our lights off at 5:45 pm. Customers were shocked at the lights being shut off. On my way out of the building, the parking lot lights shut off while... — read more 

by
| 1560 views | | 8 replies (last December 28, 2018)
Post ID: @OP+WOmTjXa

Lampert's Bid For Sears Seems To Be In Trouble

Lampert's/ESL bid was not designated stalking horse status. Bids are due on December 28. There were 2 hearings last week, and many more are set over the next 3 weeks. Much-needed cash could come in from additional sale of intercompany held notes. The... — read more 

by
| 1252 views | | 5 replies (last December 25, 2018)
Post ID: @OP+WN6QM55

Sales flash shenanigans

How can a region with only a couple of stores even near 100% to goal be trending at 400+% an hour before closing? Looks like someone is up to something.

by
| 1200 views | | 4 replies (last December 25, 2018)
Post ID: @OP+WNIZwKE

Beating a Dead Horse

Under Armour Has Opened The Most Mall Stores Since 2011, Sears Closed The Most While they do not necessarily spell the downfall of retail, struggling department stores have led mall closures since the turn of the decade. From 2011 through 2016, Sears... — read more 

by
| 471 views | | no replies yet
Post ID: @OP+WNYrTsg

Let's Look on the Bright Side, This Holiday Season

The one thing all remaining Sears stores are ranked #1 in is parking. No problem at all finding a parking spot, close to the building. Give Eddie credit, his "FREE PARKING" idea is brilliant.

by
| 630 views | | 4 replies (last December 24, 2018)
Post ID: @OP+WM3zoMY

SHLD Stock Update

The SHLD stock is now trading around $0.18 (with a low of $0.12-$0.15) with a market cap of 19.12M. About a month ago, it was trading at $0.40. I would definitely say that based on the stock price (and lots of other factors) that the end is near!!

by
| 870 views | | 6 replies (last December 27, 2018)
Post ID: @OP+WMsKQEJ

Public pressure

I found interesting how this article covers the influence of public pressure and the political climate on the decision of the banks to provide Sears with loans. They are obviously not blind and see that Sears is hanging from the edge of a cliff with... — read more 

by
| 693 views | | 1 reply (December 24, 2018)
Post ID: @OP+WMZbjZH

Marry Christmas, everybody

I know there is so much negativity here lately - and with very good reason, I'm not saying there shouldn't be - but at least for today and tomorrow, try to focus on good things in your life. We have plenty of time ahead of us to worry. Don't let... — read more 

by
| 1260 views | | 9 replies (last December 24, 2018)
Post ID: @OP+WMX1uSd

Merry Christmas

https://www.youtube.com/watch?v=j9hR4Gg6b9w

by
| 530 views | | no replies yet
Post ID: @OP+WMeDIV2

-25.4%

Day 3 Blowout sale, smartest minds in retail

by
| 1120 views | | 7 replies (last December 23, 2018)
Post ID: @OP+WLY6pcO

Listen up !!

I used to be one of you , And to be perfectly honest I still would be if my store didn’t close . I used to always come here whenever there was rumblings of store closures or staff cuts . I had been with the company for 10 years and I know that’s... — read more 

by
| 1020 views | | 2 replies (last December 23, 2018)
Post ID: @OP+WLb7FqW

-23%

Day 2 of the blow out sale

by
| 405 views | | no replies yet
Post ID: @OP+WK1howA

Start a new thread - post a news comment, question or message:

: