It’s a wrap. No more apparel is being bought. We are just going to be pushing everything out to the stores. No matter what season. Expect winter, summer, spring and old summer to hit your store. Also IST’s will be sent out to move merchandise from store to store. We are officially leaving the softlines business. Expect more layoffs and store closings in the near future.Yes, I work in HE. We are having a conference call on Monday to discuss the process. It has been in the works for a while and now we are at stock levels were we can now internally liquidate without much help from the liquidators. Everything is expected to sell below cost like we are right now.
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6 Sears or 6 Kmarts or a combination of the two? So far I believe that 6 Kmarts have been announced (2 in Pennsylvania, 2 in California, 2 in Puerto Rico) so would make sense that the other ones would be Seritage properties.
Madison is not.
6 new notifications... are they Seritage locations or others?
With 6 more told yesterday and some of them at one time top 25.
Its done.
Start ur calls list man. Its fun to see u work and beg for the proof.
Good luck to those effected.
All will work out.
Lol apparel paid the bills and did not dragged down the bottom line. There is not enough margin in the remaining lines of product at the current traffic/velocity to generate cash to pay bills. Any margin drain that may have been seen in apparel was due to sr management not allowing proper seasonal management of markdowns and exit of previous seasons products. They would hold the exit of product until there was no/little demand which then required a deeper discount to exit product. It literally could be used in an example in business school of what not to do.
How people let esl manage any of their money is beyond me.
Agreed. They had been talking about going hardliners only for years. Many of those large FLS stores aren't as big as they used to be with lots of them having consolidated their multiple floors down to one floor.
I thought we found out (even here) long ago that they were planning to get out of the clothes business? Its something they should have done many years ago anyway. The softlines did nothing but drag down the bottom line anyway.
Any updates? Why not close it all down? To be honest, this move doesn't make any sense for Sears as this would leave at least 30% of their stores empty. Their stores are way to big. They can't just stretch the inventory.
When I was working with the online team, most items barely had two or three items to sell. I'm sure that's down to one or zero; that's if anyone brought anything. Goodbye to the but kissers and those who are still there solely based on who they know and nothing to do with their work. You won't find the same cush job anywhere else; you'll have to actually perform.
@1yfo worked at HE everyday? Eddie would fail that test hard LOL. What a clown.
I predicted this months ago when we were all laid off in sf
We never bought any fall clothes so they knew apparel was going to be done after the summer
Months ago after the last apparel layoff I let everyone know that summer would be the last season for apparel
Fall 2020 should have been ordered last year November or December if we wanted it in the stores for this fall and we were not allowed to place the orders.... and then almost all the apparel buyers were laid off
So not really a shock that apparel is officially done
I assume the 1 billion dollars that Eddie received went to the paying the loans that Eddie took out from ESL (Eddie) to pay ESL (Eddie) back.
Just apparel? It seems like there hasn't been any new merchandise of any kind...just old c-ap being shipped from closing stores and warehouses that are being emptied. Whole company will be gone by the end of the year if not earlier
And again, What happen to the 1 Billion dollars Eddie received?
And yet, you continue to get payed none of by your paychecks bounce
Sears pretty much had the same styles year after year so just sell it until there is the amount left to donate for a tax write off. Although I don't think tax write off will matter.
Stores like Burlington and Ross won't want it because they got behind selling the stuff they already bought.
Looks like I will do some shopping before my local store closes. Sears clothes are ok if you spend some time looking. Hate away but that's my opinion as someone who worked there for many years and is old.
The time is here then.
The only reason this got announced at all was because of the circulating news in media about class action lawsuits with softlines vendors. Better to make it official than to let the rumors become larger than life, though one supposes Transform (actually the news articles name Eddie Lampert himself) has no money to pay for product and is literally causing starvation in supplier employees itself is a pretty bad headline. Somehow the ongoing TransformCo debacle is now leading to humanitarian crises.
Why about we be believe you work in Hoffman and have such information? Please provide two things about Hoffman that someone would only know if they work there everyday?
I wonder how much stock is left in warehouses to keep the remaining stores going, how many warehouses are left? Anyone here work in any of them?
"We can't afford even afford to pay our suppliers for the orders we've already made, and for some reason we can't seem to sell clothes without marketing, designers or industry professionals so we're getting out of the business"
Any word on what will happen inside HE with the stored merchandise? So many sample rooms...
I completely believe this. I assume this will happen very quickly.
Good!!!
I'm curious... how many people are left at HE? Is it eerie walking around the halls? I'd love to see photos of the inside.
Meant where*
Ah, we were out of the Apparel business years ago.
But Thanks for the update.
Btw. Thank you for your work, because when you’re let go, no one will say Thank You!
Come see off the softer side of Sears
Do you think we will make it by September?
NO ONE works in HE anymore. Except Security. Maybe. Not even sure of that anymore. That place is sealed up tighter than a drum.