If you are a full-time employee in a Kmart store, look for layoffs by the end of this week. Most remaining hard lines department leads will go. Most stores with 2 pricing leads will lose at least 1. Most remaining jewelry leads will go.
Most SM's will be given their marching orders on Monday and sworn to secrecy until the dreaded call when you are paged to the HR office towards the end of the week. Be prepared when you hear your name called.
Everything that was posted is true it has happen to me.
It's happening tomorrow all pricing leads are going away the hardline and softline supervisors will be doing the jobs of the pricing leads and ASM are pretty much going away unless your a high volume store you might be keeping one
No buy outs
What about data leads
There are very, very, few to no profitable stores. Every store has declining sales, every store has year-to-year sales loses. And the stores that may make money, which are off-shore, ie Puerto Rico, Hawaii, they are closing down because of the cost of shipping and supplying. It is a company that for a while had break even sales which kept the lights on but as YTY sales decline they have reached a point where no amount of cutting expenses can make up for the loses.
Corporate is like the federal government in that there are three people doing the job of one, there are Heads, Assistant Heads, Associate Heads, Associates and then regular employees with different titles working in the same office doing basically the same job. If any place needs to be cut back on it is corporate
Depending on your stores volume, ASM's will be replaced by hourly hardlines and softlines salesfloor supervisors. They will be given keys and will open and close the store as MOD. Lots of responsibility for an associate who will be making less than half on an ASM's salary.
Why on earth would ANYONE buy even one Sears or Kmart and keep operating it? Are you delusional?
They promised more expense cuts in the latest financial statements and comments, so layoffs and payroll hour cuts are inevitable. As for the "underperforming" distinction, how many stores do they have that are currently profitable, AND maintaining or growing total sales? As one poster noted in another thread, he works in a "top tier store and sales spiral down year after year". It shows in the overall financial statements. They close stores and losses keep getting worse. SHC doesn't have a viable core of profitable stores. The company is doomed.
1vns-- Just a little correction. Quote: "...essiently it is only a matter of time before all under performing stores will close." It's not just underperforming stores that will close it is all stores will close. Look at the latest round of closings, many of those stores were profitable. It's not a matter of "if" but "when" and the when looks to be within the year if not sooner.
every single kmart and sears store is essentially an underperforming store - which means once you add in overheads I do not think any of them still make a profit. They will all close soon enough.
Last poster almost got it right. Under performing stores will close, and performing stores will be sold... what's left will be liquidated for bankruptcy. End result is always gonna be the same that practically gets spelled out on every single post on here, if you work for sears and Kmart, it's over you have no job...
I am currently a softlines asm at kmart. The new roll out of simple stores was the indicator to me that it would essentially eliminate some positions. A meeting with all sm that was unplanned was held yesterday. A new req for salesfloor supervisor has opened (currently already have 1 position) . Our budget is already tight but in the next few weeks the dollar amount that is in wfm is at the all time low. My opinion (just an opinion) is that all hardlines asms in low volume stores will be eliminated. With a simple store process in affect and adding a new position only leads me to believe that hardlines asms will no longer be needed. The dollar amount in wfm for payroll is the indicator that other full timers will be let go. The question is what positions? Well, my opinion is that if footwear dms were eliminated ( which they recently were) then footwear leads will also be eliminated. Also- stores with 2 full timers that fill same position will eliminate one full timer(deciding factor is usually who makes more per hour).
Our members thought there was none on the salesfloor to begin with.....stores will be a ghost town. Hopefully stores will have those associates who go above and beyond to help this downsizing. Sm will need to step up and begin to help if they are not already. Yes, sm should unload, stock, and work on the salesfloor too, not just hourly associates and asms.
essiently it is only a matter of time before all under performing stores will close.
Is the restructuring going to be taken place at the Sears store or Kmart, or both.
Soon they will let everyone go: DM,SM,ASM,LP,AP, department leads, floor supervisors, cashiers, stockers. Everyone will be let go within 6 months to a year. Not coming from corporate but coming from common sense and half a brain to see the writing on the wall.
There will be a greater emphasis on hourly floor supervisors to fill the ASM roles. Some stores on the Sears side already have one store manager responsible for two stores, so that scenario would not be suprising to see at Kmart in areas with low volume stores.
I can verify, SMs are having meetings this week and were given no subject on them. Our SM was at one today and they will be cutting several more full time lead positions as well as 1 or both ASMs in stores based on volume.
I understand the idea of cutting spending.....but do the number crunchers in corporate not see based on feedback that most customer complaints and reasons for choosing not to shop with Kmart anymore involve lack of overall staff, lack of knowledgeable staff to assist them and overall store appearance? You are stripping stores to bare bone crews and driving customers away in the process.
Just talked to my SM who says its going to happen on Thursday. SM would not confirm who all was involved but seemed very upset and said there would be "lots of cuts"
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What about the Front End Lead position ?
It's not rumors... get out of Sears Mor-on! Yes it's happening!
Rumours. Don't float out things that are rumours. It is bad enough what we put up with now without having to worry about something that may or may not happen. If you are in the know then tell us if you are a DM or from corporate and how you know
Where did you hear this from?