If he goes to prison, what's the worse that could happen? He'll still be rich. He'll come out and host a talk show with Snoop Dogg. Not too bad of a legacy, if you ask me.
If Eddie shuts down the company
Can he go to jail along with the CEO officers for selling extended warranties and conspiring to defraud customers while knowing the company is in such bad shape? Obviously it's illegal in most states, and that should have clued them in on the fact... — read more
Lampert’s Captain Ahab Act Can’t Save a Sinking Sears
Say this about Eddie Lampert: He is nothing if not persistent. A Thursday securities filing shows he has made a $4.6 billion bid for Sears Holdings Corp., the retail giant that was forced to file for bankruptcy protection in October after years of... — read more
Did you see that the trustee filed to deny bonuses?
What are you gonna do now key employees? Still gonna ride Eddie down to the abyss?
The Vendors should be able to take back what’s theirs
The law needs to be changed to where creditors are able to take back what's theirs, if they haven't been paid for it, bankruptcy or no bankruptcy. It is a form of theft to knowingly keep/profit off of somebody else's property that was not paid for... — read more
BREAKING: We're proud to announce that Sears, Roebuck and Company has come on board with D-Three
https://twitter.com/CORTDThree/status/1071424184532619265 Sears will be the primary sponsor of the #50 of @notdamboise, and Kmart being a secondary on the #25 of @VeryFakePhil in the @CORTCupSeries next season!
How Sears Killed Itself, Explained In One Number, By Brian Sozzi
Poor Little Eddie Never Did Figure It Out, Despite Everyone Explaining It To Him, Because He's a Few Standard Deviations Short of the Mean https://finance.yahoo.com/news/sears-killed-explained-one-number-123624436.html During his 14-year reign as... — read more
Minute
Every minute shld lives is money lost. I promise you we will shut this spicket off by 12-15-18.
The Sears Racket
https://hmmdaily.com/2018/12/07/the-sears-racket/ Sears got Goodfella’d. In the middle of that movie’s iconic “funny guy” scene, Joe Pesci’s violent, psychotic mobster Tommy DeVito breaks a bottle over the head of a restaurant owner who had the very... — read more
1st MONTH'S billing from SHLD primary legal beagles $4,146,824.61
includes $158,776.83 of expenses, with a 20% holdback of $997,011.94
Strength and justice in numbers
Sears and Kmart over the years must must have had hundreds of thousands of employees. If those employees wrote their congress person and senators, their state attorney general, their state representatives their local media, posted on social media... — read more
Omega Advisors Seeks to Invalidate Sale Cyrus Capital, Sears Decries Auction as ‘Unfair, Opaque, and Uncompetitive'
According to Omega's motion, the auction "was not a fair, transparent, and competitive bidding process," as required by the court’s Nov. 19 sale order and section 363(b) of the Bankruptcy Code, "because the bidders (aside from Cyrus) had no notice of... — read more
Four every 5
Four every 5 people that believe sears lives, 20 people believe it is non existent. I have run the numbers of business, and shld doesn’t exist.
Sears Hometown to close 80 to 100 stores in Q4
https://www.wsj.com/articles/sears-hometown-raises-going-concern-doubts-1544219826 #ThanksEddie
There’s more for your life... at Sears!!
35 years ago today, I premiered this ad for our associates at Sears. It was a helluva ride.... https://www.youtube.com/watch?v=ryAXUBIDYpE
Just a reminder that Eddie is daily ruining hundreds of thousands of lives by borrowing millions yet not paying vendors, workers, and others
@Wendywoolstenh1 on Twitter: @greggutfeld old rusted one, that was supposed to say Ole trusted one.:-) I am from Jackson Wy an unsecured vendor with Sears Holdings. They bought, sold, made profit on my product and have not paid for any of it. If I... — read more
My “Free” Advice for Sears Holding Chairman Eddie Lampert
“Don’t write any more blog posts to blame pensioners for the collapse of Sears Holding after you wasted $5.8 billion on share buybacks.” I don’t give “free” advice to hedge fund managers. But if I were to give free advice to Sears Holding CEO and... — read more
Eddie Lampert's Sears bid comes with a key demand: Legal shelter
Eddie Lampert's $4.6 billion bid to salvage what's left of bankrupt Sears Holdings Corp. was pitched by the hedge fund manager as a way to preserve tens of thousands of jobs. To some others in the industry, it's also seen as a way to sweep a decade... — read more
Objection to bonuses/ rentention of Corp. pawns
William K. Harrington US trustee has objected to the motion of the debtors (shld) to receive bonuses. Docket # 1082. Eddies bid of 4.6mm will not fly states the Wright brothers. The ‘big boys’ (ucc) have the most competent team of liquidators in the... — read more
Sears filed for an extension to Jan 17th, saying they couldn't get their sh-- together by Dec 15th
As predicted, HE can't wipe their own asses without Sears Israel in getting their numbers together
Hamilton Mall SEARS, Mays Landing NJ
I've wondered and tried to research but could never come up with an answer. Our local Sears in Mays Landing NJ closed a few weeks ago. I know Seritage doesn't own the property. Did Sears own it or the mall? Looking at the tax map it said Sears and... — read more
What ever happened to the 138 ring fenced properties
That were released from ring fencing and were to be sold and proceeds go to the PBGC for the pension fund? In the list of 504 stores I know the Westland and Novi Michigan stores are on the go forward list but were also on the list of 138 stores to be... — read more
Yule
Check everyone’s wishes off your list this season with our Savings All the Way – YULE Love It! promotion, starting 12/8 – 12/24, this event has deep discounts, featuring: Up to an extra 15% of Hardlines. Small Kitchen Appliances, Sporting Goods... — read more
Eddie’s benefit
At this point it actually works to his advantage to render the business as worthless as possible so he can scoop up the real estate at the cheapest price IF he can get all the debt off the books. That appears to be his current strategy. It's obvious... — read more
Sears and Kmart better put out some guarantees - Xmas shopping time running out
Put out a 1-page flyer in the Sunday papers, run short TV commercials, whatever the company can afford to do at this stage - to assure the public that if they buy something, returns / exchanges will still be honored, gift cards can still be redeemed... — read more
1171 Springfield MO
I put in my 2 weeks notice today. I'm sick of the BS here. Worked here for years and they bring in this jackass who has no common sense to run the store. Laziest dude I've ever seen, even for a sears mgr. Yet jumps on us constantly to work harder... — read more
Sooo.....
Has anyone caught wind of the brilliant go forward plan the 505 floors are going to implement to convince Judge Drain on Dec 15th? It's got to plug a $500M loss and pay for loan interest and lawyer fees and bring all the vendors back and pay all the... — read more
Bloomberg on Lampert's bid for Sears
When there were reports last week that a Lampert takeover bid was in the works, I emailed a Bloomberg Intelligence Analyst to ask if this was "shuffling chairs on the Titanic." His response? "Probably more akin to clamber into a few lifeboats, that... — read more
Where is the guy who said everything was over after Black Friday?
Does he still post on here? Any more phone calls from HE?
Eddie wins !
Sell real estate last 500 stores , no suit ESL blameless , Kenmore to Costco , still money to make on appliance repair contracts , no pension to worry about funding , no debt all is forgiven under chapter 11 and we get to finish out the year ! HAPPY... — read more
The lose-lose situation
I don’t see any hope for the workers in Eddie Lampert’s bid for Sears. Is there anyone that naive to think that 50,000 people are going to keep their jobs? Let’s pretend that all of this is not done for EL’s own interest, and if by some miracle Sears... — read more
From a Sears store....
I've seen many ups and downs. failures and few successes. I've been told "maybe Sears isn't the right company for you." I've been told how sad people are to see this store close. To the person that told me that Sears wasn't right for me. I'm still... — read more
Eddie submits bid to acquire Sears
" "ESL’s interest is conditioned on ... a full release by the Debtors of ESL from any liability related to any prepetition transactions involving ESL" Yeah, this one's not remotely serious... — read more
No place in the world for a retailer that can’t produce cash during the holidays
I see that the company officials are starting to face the truth, or better yet starting to unveil the truth that they’ve known all along, as Sears internally lowered its expectations for income during the holiday season. I gotta say, even the revised... — read more
Hopefully court approves exec bonuses
The company needs strong leadership in these tough times. Without competent guidance from the top Sears may be in trouble.
Sears Hometowns are starting to liquidate
Though no longer officially a part of Sears Holdings, it looks like the Sears taint has spread to Sears Hometown and Outlets. They're starting to get liquidated en masse now, with the Kandi Mall, Coshocton, Bedford, Haring locations all going into... — read more
Sears Employee Letter - Save Our Jobs, Respect Our Families
https://www.riseupretail.org/sears-employee-letter Save our Jobs, Respect our Families Tens of thousands of our jobs at Sears and Kmart are at risk. Sears is in bankruptcy while the company’s owners are walking away with millions of dollars and... — read more
After Sears declared bankruptcy, employees are fighting for severance pay
Sears executives might collect millions, but workers say they are fighting for severance. Sheila Brewer had been working at Kmart in Rockford, Illinois, for 17 years as a data and customer service lead when her district manager announced in April... — read more
Weaker Sears holiday forecast heightens doubts about its survival
https://www.chicagotribune.com/business/ct-biz-sears-bankruptcy-holiday-losses-20181205-story.html