Apex tool just asked for 7.2 million of there inventory back. It is over guys you need to go find a new job immediately
Store and regional managers will have the hardest time to find a job
I think store managers and Adam and regional managers will have the hardest time to find a job as most of those positions at the competitors are already filled! They are only sticking it out with Sears/Kmart to make sure they can collect... — read more
Its not over yet.
If you still have a job stob bit#&ing and complaining ang get back to work
Appears SHC has filed NEW motions for EXPEDITED process in eliminating
of businesses dockets 460 461 on the primeclerk site
How much time does Sears have now?
With all the latest development like no PA, Road Hazard, vendors pulling out how much time do you think before Sears kicks the bucket (chpt 7) and once they declare chpt 7 how long before they switch the lights off.
Explain this please.
I have seen many bizarre and unexplainable things in my life, but the brainwashed army of Sears managers tops them all. I am a grown adult and listened to our SM tell us today that all the stories now circulating in the mainstream media about Sears... — read more
Isn't it a good thing that no vendors will ship new merchandise to Sears or Kmart? No need to do markdowns!
No merchandise to buy = big profits for Sears! No more need to run crazy sales, 100% back in points, and 85% markdowns after Christmas! They should have thought of this YEARS ago! Empty stores full of zombies would have lost less money than the... — read more
Don't shop vendors that leave sears
Get out and only shop Sears. Vendors that leave need to be made to feel Sears pain. If the internet is powerful save Sears. Make sears great again.
List of vendors that have pulled the plug?
Can someone post the list of vendors so far that have asked for their merchandise back and we keep this thread going when more are added?
Some advice
Additional advice, from someone else who has been through a mass layoff: Come out the gate swinging - your first 7-10 days are critical, though it may take three to six months to line something up. But within the first 36 hours it may behoove you to... — read more
Vendors Bailing
9 more vendors filed for reclamation of their product, just TODAY. Includes Coca-Cola, AO Smith, Briggs and Stratton, Midwest tool and cutlery, and a bunch of electronic vendors - one of whom had a $16 million dollar claim. Easy to assume none of... — read more
Car Crash in Slow Motion
That's how I feel nowadays... I see it coming, I know what will happen, I see it happening, every day the cars move a bit closer to each other. I just do not know when the actual collision will take palace. And, I do not have any automobile insurance... — read more
Bosch pulls the plug
Another vendor out.
I used to sell appliances for Sears. Glad to know that they are banned from selling them in 32 states.
I felt so sleazy pushing those things especially to senior citizens on a fixed income, families of limited means or young couples just starting out on their own. I even felt bad for pushing PAs on those who could have easily afforded them because all... — read more
Chamberlain Group
Chamberlain Group Just asked for 2.4 million dollars of their inventory back. Reclamation notice day I guess.
Store Questions
With all the Reclamation claims. Will we have anything to sell after we sell all the inventory we have?
Daewoo Just pulled the plug
Daewoo just pulled the plug. They demand 16.2 million dollars worth of there inventory back. How bad is it at your store. What are your store managers telling you. Officially every major sears vendor has asked for their inventory back. What lies are... — read more
Did we find out anything new this week?
Or are we still left hanging in limbo?
It all comes down to the holiday season
This article said it right. Holiday season sales are indeed the most crucial factor which will determine the future of Sears. It’s a sad thing that it came to this, but bad sales during the holidays may very well mean that ch 7will be filed in... — read more
Go fund me page for SHLD ?
Someone needs to keep this circus rolling.
SHC sounds like an American Greed episode
How Sears Was Gutted By Its Own CEO http://prospect.org/article/how-sears-was-gutted-its-own-ceo
What happens now to shop you way?
There’s 200+ of us at HE supporting SYW waiting around for the inevitable?
No more Pa or road hazard!
Something like 32 states can no longer sell pa or rh agreements. Since that is where the money is shouldn’t take long for this ship to sink
Sears’ Vendors Spooked; Hanes Writes Off Chain
Bloomberg: Sears Holdings Corp. suppliers who are deciding whether to keep shipping goods to the retailer are seeing warning signs from the market for bankruptcy claims. In a bankruptcy case, administrative claims from firms that help keep the... — read more
4 minutes to midnight
in laymen's terms, the 400 profitable stores will be put up for auction, this looks more like barreling into chapter 7 rather than 11 and reorganization. I wonder what the Corporate troll has to say about this since no one other than liquidators will... — read more
Ignorance Is Bliss
Just sayin'
This is ridiculous
We all know what's going to happen. But the radio silence behind it is just sickening.
This Boutros guy is a real tool!! Barbie and Hot wheels are not going to save this company
Boutros, a former Disney executive who's been at Sears almost three years, said Whirlpool and other vendors are now on board. Whirlpool had requested the return of goods shipped to Sears in the 45 days leading up to its bankruptcy, according to an... — read more
HA Protection Agreements SUSPENDED
Was told Sears is unable to sell PAs... what's the deal?
Sears is desperation mode: ship is sinking, company goes on massive propoganda campaign
Bought articles mysteriously popping up in the media, wild claims of crushing competitors this christmas, threats during store meetings, posts deleted from layoff.com
I don't think I'll have a job tomorrow.
During a store meeting today our manager said, and I quote: Sears is already in its turnaround phase and is expected to outsell Target and walmart this christmas" everybody got quiet and I was biting my lip to keep from laughing. then tears started... — read more
Words from The chief brand officer
“We are leaning into the holiday and we intend to win this season,” said Peter Boutros, the chief brand officer for Sears and Kmart. This guy must be getting paid big bucks to spew these lies!! All they are going to win is being the laughing stock of... — read more
What is real ?
Store closing , vendors wont sell to Sears , no new loan in sight , layoff coming ! What is real news and what's fake , please do not spread rumors unless you have good source . Some folks use this forum to gather information on what's going on , it... — read more
STORE CLOSURES
They went to court at 2 PM it’s Almost 6PM. Does that mean the stores are safe until the 15th? Nothing has been released relating to more store closures. Any Info? All this waiting is driving everyone crazy why make people suffer this way?
The designated stores are stores set for closure, guys. Get over it.
Several people here have already explained the nuts and bolts of this. Common sense and a quick look at the last several months should tell you this anyway. But I guess your manager has all the real info, right? LOL
GE, Electrolux, and Haier Today Announced They're Finished With Sears
Electrolux and Haier U.S. Appliance Solutions, Inc. d/b/a GE Appliances today announced they have ended their business relationships with Sears Holdings and have moved to reclaim all merchandise in Sears warehouses as well as Sears and Kmart retail... — read more
Serta Simmons Files Reclamation Notice; No More Mattresses
Serta Simmons has terminated its business relationship with Sears and is demanding the immediate return of its merchandise, including items sold to customers en route to regional delivery agents. A massive list of orders dispatched since late August... — read more