There is a use for Sears real estate that were stores not so very long ago! Since Sears stores obviously won't have much a future without delivery trucks, or inventory, or members, it's good to know that these valuable properties will be put to good... — read more
Eddie hasn’t turned a profit in 8 years!!
I’m truly worried about Eddie and his thinking that he can show the courts he can transform a company in a few short months, when in reality, he hasn’t shown a profit for 8 years. His ability to drive a business into the ground however is very good... — read more
The typical SEARS member experience
@searscares the only cashier accepting clothing purchases the line doesn't move. The others are empty with employees having fun, and don't take my purchase. This is clearly intentional. I hope the bankruptcy court sees that. Your management at the... — read more
The war of hedge funds
If there is anybody who doubts it at this point, this is definite proof that money is the only factor that is relevant and that, the workers, tradition, the brand, or any values for that matter, don’t mean anything to them. This article paints a good... — read more
Total liquidition is low key happening
Shutting down 700 stores takes awhile. Eddie is just trying to drive the hardest bargain. He found Great American who was ready to go, and then he found someone who would get him even more money. He's asking around for the best price. Vendors stopped... — read more
Sears plans to sell 13 stores to Amerco Real Estate for $62M
•Sears Holdings (OTCPK:SHLDQ) plans to sell 13 stores to Amerco (NASDAQ:UHAL) Real Estate for $62M, according to a court filing. •Twelve locations are or were operated as Kmart stores, and one current Sears site; three of the stores are closed and... — read more
The Real Reason Eddie is thinking about Ch 7 instead of Ch 11 now
You see it in the news. JCPenney on the verge of Ch 11. L Brands massively downsizing. The Gap closing down Banana Republic and Gap stores. Abercrombie's CEO stepping down. Express closing stores. Bebe BCBG and the rest going bankrupt. All those... — read more
BEST VIDEO OF WHAT'S GOING ON!
I'm a current Manager at a so called "Safe Sears Store" and it breaks my heart everyday seeing my colleagues and associates giving 110% everyday for these crooks! This video should make anyone that's sticking around busting their butts "sick" to... — read more
I wonder if the Kenmore and DieHard brands even have any value with everything Sears has done to tarnish them in the past few years
There's no way anyone thinks of Kenmore as a more trusted name than Samsung or LG
The Last 30 Days.....
So, this is what the media/government calls a "Booming, Best Ever Economy in America!" Layoffs ONLY IN THE LAST 30 DAYS, and for every layoff reported publicly, at least 10 happen quietly or without media attention. Major layoffs have been going on... — read more
who is ready for the move to miami? Salsa down from HE to Meeeyaaamiii ah ha!!!
Last way to ditch all old SHC employees. Eddie to move HQ associates into one of the closed sears stores and work in an open office.
Why are unprofitable stores being auctioned, and the profitable ones being liquidated?
My store was not at all different from yours. For several years I watched the bigger, busier stores close around my store, which is stuck in a C mall (which is the lowest grade in mall classification parlance, I think). This is just my wild guess but... — read more
Could Kmart and Sears separate
Thoughts?
Unsecured creditors want Chapter 7
What's going on here is that the unsecured creditors want Chapter 7, because the cash to be gotten from a total liquidation will be more than what Eddie will have to pay for the stores. They will be more whole from an immediate liquidation. Eddie... — read more
Can any confirm 100% if on Thanksgiving if you worked
Do we get time and a half or the extra $2.00 per hour? I asked our payroll person again yesterday and I was told we only get $2.00 an hour extra I had previously ask on this board and someone said we get time and a half.. Does anyone have the factual... — read more
Friday is the Last Day for Our SYW Call Center
Tomorrow is our last day for our Shop Your Way call center. Dozens have already left as they temporarily and gradually forward more and more of these calls to Sears/Kmart customer service call centers. We've already been telling members to use online... — read more
Sears Concord, Ca
Sears dentist is Concord, CA closed his doors yesterday because he hadn’t been getting paid by Sears in weeks.
SEARS had 28% of the durable appliance market as recently as 2014, it's incredible what a colossal failure Eddie has been
Don't let anyone tell you that SEARS' failure was inevitable. It had a dominant and unassailable market position. Even in 2016 we were the top appliance seller in America. It takes generational incompetence to mess up that kind of greatness.
Actual Closing Dates of the Sears and Kmart locations previously announced to be closing
Hi Folks, I am looking for the actual closing dates of all Sears and Kmart stores that have previously been announced to be closing. in May there were 48 Sears and 15 Kmart announced to be closing in September 2018, in June there were 13 Sears... — read more
What's the point?
I don't get it. Why would Sears get yet another loan approved to continue through holidays when it is obvious to everybody and their mother that that's just postponing the inevitable by a few weeks?... — read more
Call Center lay-off
Bridgeview call center was quietly closed Tuesday. One of 4 call centers that sell Coverage for appliances. Sears has a new agreement with Assurant to back agreements being sold. Call centers have not been able to sell agreements since early... — read more
For Sears, total liquidation is among options being weighed
https://www.marketwatch.com/story/for-sears-total-liquidation-is-among-options-being-weighed-2018-11-28 Lampert, who believes a slimmed-down can emerge from bankruptcy, and Cyrus are expected to make an offer for roughly 500 of Sears’s... — read more
are you are kerp?? read the filing - Key employee retention plan
https://restructuring.primeclerk.com/sears/Home-DownloadPDF?id1=MTE3NDU0&id2=0 Who are these people? 16 years average service??
"Black Friday is the start of total Sears liquidation"
Is this or was this a true statement?
Three stores in Louisiana are going to be auctioned off
I see that people are reporting which stores are being auctioned off, according to the ch 11 filing so I wanted to post this. The article reports that three Louisiana stores among the 505 that are put up for auction, more precisely the Sears stores... — read more
Looks like Eddie just bought SHIP
Filing came in late yesterday on Prime Clerk. “Stalking Horse”, aka Eddie, offer officially filed.
No closings during the sale?
Am I getting this right: there will be no closings while the 500-something Sears stores are up for sale? But after that it's anybody's guess?
Did anyone get a piece mail from sears holdings? C/O prime clerk llc?
Im not sure what it is just got it today but looks like a copy of the court paperwork? It looks like i have to file a claim? Im still employed....help?
This guy sums it up well
https://youtu.be/p7x7ozERVBc
Cyrus emerges as key Sears lender after cutting a deal in courthouse hallway
(Bloomberg) — Cyrus Capital Partners will provide Sears Holdings Corp. with a loan that will keep the bankrupt retailer’s stores open after the hedge fund won a bidding war in a courthouse hallway, according to a lawyer for Sears. Sears had... — read more
Where is the guy who said everything was over after Black Friday?
Hello?! Where did you go?! What a total douche.
Does anyone see any signs whatsoever that inventory is being planned for January and beyond?
That's really telling, don't you think?
Let's not show up to work December 1st.
Let's all not show up to work December 1st. Why are top executives giving themselves bonuses aren't they the one that destroyed Sears and sold off their assets. While associates working in the store are being over worked with no recognition or any... — read more
Chapter 7 is looking more and more likely
Black Friday was a disaster, and the holiday season is looking worse. Toys R Us had access to over 3 billion in DIP financing, but ultimately all it is is a loan, and if the lenders aren't comfortable, they can close that line of credit at any time... — read more
Site called nakedcapitalism
Go to this site, look at top of page for articles check for archives dated nov 22 there is one there on Sears it explains the whole endgame.
The vending machine owners
Came and took out our last 2 vending machines... one snack and one beverage.. not good
To all A&E service techs
Drivers alert Inc. or “How’s my driving” has filed an unsecure creditor claim against sears. Feel free to drive like id--ts.
4 Hawian Sears stores are up for sale
It has been reported that Sears announced that the 4 stores that it owns in Hawai are being auctioned. The four Hawaii stores up for sale include its locations at Pearlridge Center, Windward Mall, Prince Kuhio Plaza in Hilo and an appliance store at... — read more
Layoffs
If I get laid off, can I look for another job or is it best to just wait by the phone hoping to get called back to Sears???