By Claire Boston , Davide Scigliuzzo , and Katherine Doherty November 9, 2018, 6:31 PM EST Sears Holdings Corp. is considering whether to auction off a chunk of debt that could give the bankrupt estate an infusion of cash while potentially allowing a... — read more
Black Friday is Liquidation, Company-wide.
I've leaked enough information on this forum over the past several weeks to know that even though everything I've leaked turned out to be true, the deniers and paid company shills will come out of the woodwork like they always do. Oh well, this may... — read more
What are things like at Hoffman Estates?
How are corporate employees reacting to this? Are projects still progressing?
Get out before the job market gets flooded
I don't understand why so many associates are staying at their jobs so late in the game including at liquidating stores when things are looking so bad for the company. I got out of Sears after working there for over 20 years and found another full... — read more
Administrative has been busy
Someone with high authority has been deleting threads and replies. Not sure what that is all about because some were not offensive and did not include profanity. Hmmm,,......
Has the official Black Friday ad been delivered to the stores yet?
Just curious since they are usually kept locked up until the event Wd like to look at to see what we have in store that’s in the ad
No safe stores?
I'm amazed that fast eddy is actually pulling this farce off. We all know there are no profitable stores and has been that way for many years.. Decline in foot traffic, blah products, drab advertising, same sale gimmicks year after year..so why wd a... — read more
Just curious if OOS and 991s matter anymore
My store is on the designated list although we are still open...so far I finally learned the new way to do OOS on my own since management didn’t know anything about it and I’m the only one in store that does them I also do the 991s, my report is... — read more
Trolls or dummies???
I don't work for Sears anymore (thank god), but I still read these boards all the time and I've noticed something. There is an almost pathological denial of facts going on here. And I'm not even talking about the inside info predictions (most of... — read more
Debtors are not stupid- nor are their lawyers
Now that SHC is in bankruptcy, the debtors now can examine SHC' s assets and debits. The way to maximize their return is to force the sale FIRST of sear's best real estate and claim their value, leaving what's left to whoever wants it. Eddie has... — read more
7 mile and middlebelt (mi) sears on safe lift
I’m sure this store isn’t doing any better than other sears stores but it DOES sit on a prime piece of real estate right on the corner The outside of the building is just like it was in the 70’s except back then there was a mall attached that has... — read more
From the Creditors’ Committee
Fundamentally, the Debtirs are pursuing an unjustified and foolhardy gamble with other people’s money Sounds about right
A possible scenario for Sears
o one can predict the SHLD's future. But you can speculate about the most likely outcome in SHLD's bankruptcy case All roads in SHLD's bankruptcy seem to lead to one place - all of the related entities for the man in charge of this affair. Most... — read more
CallCenters- Home Services Round Rock, Tx
I want to how long it will take the company to sell the round rock facility, they owned the building and I’m sure it’s Ruthie nice chunk of change. What about the service.com offer for home services? What happens to STAC?
Santa Rose Kmart- Burned
What happened to that store?
Commission sales people leaving before Thanksgiving?
With all the deliveries getting cancelled and the lack of appliances and mattresses, and the "vendor issues" I heard that many of them are planning on walking out right before Thanksgiving. I know in my store that most of the commissioned people... — read more
WARN notices are obligatory even in bankruptcy
Warn act is not voided by chapter 11... “a company cannot use bankruptcy to avoid giving proper layoff notices under WARN. If the employer knows, or should have reasonably known, that a layoff was foreseeable, it must give 60 days' written notice... — read more
Now this is hilarious
Lead bankruptcy lawyers for the debtors on prime clerk Sunny Singh and Weil, Gotshal & Mangles LLP. docket # 605 could not spell attorneys correctly. They spelt it attroneys. You figure if they were lawyers they wouldn’t know how to spell attorney. — read more
How small is Sears really looking to get?
What could be the final number of stores they are aiming for with this many closings?
No severance in bankruptcy
No severance since bankruptcy was filed! I know a person whose store closed mid Septemberer, had received 1 severance check but as soon as company went into ch 11, was notified the severance payments have ended! Pretty rotten in my opinion when... — read more
With all the reclaimation filings and
taxing body filings and pro hac vice filings SHC doesnt have a ghost of a chance to exit Ch 11 ( need a separate bldg just for the pro hac vice legal beagles ) This HAS TO be costing a ton of money and if I were a supplier there is no way I would... — read more
How are we still standing?
Seriously, folks, what kind of stores is Sears running if we are once again not on the list? Our store is falling apart, shelves are empty and considering the dwindling number of customers we get each day, we can't be making all that much money... — read more
Paradise Ca
Does anybody know if the Paradise Ca store burned down?
Run, while you can!
At this point if you are working for Sears/Kmart you are either just dumb or drinking the Kool-Aid. There’s no reason to stick around. Start looking! Yes, it’s easier said than done but some people are just too comfortable. There is no severance! Why... — read more
Sales are still down
Was told by a higher up that sales may show they are up but thats only because of the closing stores. Stores not closing the sales are down. Expect total liquidation in February
One more Kmart is toast
Kmart 2280 North Ocean Avenue, Farmingville, New York.
List of 40 stores to be shuttered in February
Kmart 26471 Ynez Road Temecula CA Kmart 3443 W Addison Chicago IL Kmart 3250 Clear Lake Road Springfield IL Kmart 18 Elm Plaza Waterville ME Kmart 805 New York Ave Huntington NY Kmart 7101 Roosevelt Blvd Philadelphia PA Kmart 1901 Lincoln Hwy North... — read more
40 new closed store list
Kmart 26471 Ynez Road Temecula CA Kmart 3443 W Addison Chicago IL Kmart 3250 Clear Lake Road Springfield IL Kmart 18 Elm Plaza Waterville ME Kmart 805 New York Ave Huntington NY Kmart 7101 Roosevelt Blvd Philadelphia PA Kmart 1901 Lincoln Hwy North... — read more
Store announced today to be closing
My store in Temecula Kmart just announced that we will be closing Sad
The Black Wave
Brace yourselves. Coming up next week, the black wave of layoffs. Additional store closings upon us. Time to trim the fat before the holidays.
How The Public Views Sears
The lead-in quote used in a newspaper article honoring a retiring university president. "Beverly Warren cautions ‘We don’t want to be Sears & Roebuck in an Amazon world’ in final State of the University speech."... — read more
Will there be any consequences for Eddie?
Or is this whole investigation into his deals just going to fizzle out, like everything else about Sears?
Do Not Resuscitate: Hubris and the Hedge Fund "genius"
The money quote "The usual suspects argued that Mr. Lampert was playing a deeper game by liquidating the company out of court, but that only made sense if you didn’t know how to read a balance sheet or took daily doses of peyote"... — read more
What's going on with little caesars?
How many are left inside kmarts? What's the status of lil c?