We are listening, we want to know how the company treats you, we want to know what you think the problems are, we want to know what you think is good, what can get better, what needs to be eliminated. We have seen pictures of operating stores with tarps hanging from the ceiling, and worse. What input do you want the shareholders to voice for you? Some of us are just as frustrated as you are with SHLD, so tell us.
32 replies (most recent on top)
If you have a Mutual Fund , pension or some other c-ap investment from Wall Street, Shld may be tucked in between the pages of your own portfolio.
Average investor? Look in the mirror.
Sears' financials are totally bogus. The number of stores they are publicizing is in fact lower than what they are reporting. All it will it take is an investigation by the Feds and Eddie's world will come crashing down.
You must not know what an MDO is then. lol
"Regular" shareholders? If anyone bought stock knowing that ESL owned 50% of the company, they deserve what they will ultimately get. The real question is why didn't ESL buy the whole company and take it private when the price dropped so low. He loaned SHC 1.2 Billion. He could have bought the entire company for just a chunk of that. Ultimately, the "next Warren Buffet" will be reduced to just a man with not much talent after all.
Used the term 'warehouse' when I should have said 'facility'... the count is still over 100 ......there are two 'facilities' in Manteno, one for Kmart and one for Sears... maybe one should also close and use the other to service both Sears & Kmart. I know it's complex system wise but that's something they were talking about for years but never did.
100 warehouses? Sears only has 11 regional distribution centers and 106 MDOs.
Sears has already picked the low hanging fruit by closing stores. What has to happen next is to begin shutting down distribution centers, like RRC, DDC, MDO, TDC , RSC, etc... I think Sears probably has over 100 warehouses for a store count maybe around 1,200.... ?? less than 800 Sears plus whatever is left for Kmart. Sears has too much overhead for the existing store count. Next would be shutting down the Corporate HQ and moving that to a smaller footprint. Sears also has a lot of old legacy IT systems that need replacing, stores that need major updating and an infusion of capital is needed to buy product that customers really want. There are just too many issues and too little capital to address properly. Montgomery Wards shut down in 1999- 2000, Sears is going to follow that same pattern. Perhaps a small online presence, that's it. When Sears had it's own Credit business, that would help keep them afloat, but they sold it years back and they can't stand alone as a retailer.
A troll post or a real share holder as a lot have said instead of cutting the bottom workers maybe cut the higher ups.
Sears has cut the ones that basically keep the store running and in order. Lots of good workers I use to work with that worked very hard and very sharp are gone. We just have a few little remaining in our store. Hours keep getting cut, less help the few remaining good workers I have in our team are in their last legs to go. Yet their is no care and promotions for this hard workers. Our store manager ever since I started all he does is complain and whine and doesnt do anything to help out at all.
@Uz9Y6Zn-1khc: AMEN!
If you have to ask what the problems are, you have no business being on the board.
Shareholders should have gotten out a long time ago
The only reason the shares are not below a dollar already is because Eddie bought a large amount of shares at the end of July to stop the downward trend and prop up the stocks for a little while longer
This has got to be a trolling post. Shares are currently a $1.96 so ...
I want you to know that I hope you have other investments.
Biggest shareholders are Lamprey Lambert and other execs as well as institutional. Eddie has assured that he will make his bank no matter what happens, him not stupid. Any individual shareholder that looks at the annual report ( https://searsholdings.com/invest/annual-reports ) should shudder, but since they have essentially lost all value in this investment already, why start to gaf now? Corporate death by excruciating exsanguination.
Here's something that the shareholders should know: Eddie Lampert is playing you for the fool. Not only is SHLD losing money, but also Seritage Growth Properties. Warren made a huge mistake in giving that loan to Seritage. I'll go out as far as making this bold prediction - The REIT will die just like Sears, due unsustainable yearly losses.
Grab your time machine and reverse the 20 years of no investment in stores...unless the ghetto look is gonna make a comeback..
think what you want the link to this thread is already on yahoo board and it's going on more
Troll post. Probably HE trying to be relevant . It's not . Wrong, I am going to post this thread on a public message board regarding the stock. I will also post it in other places so people can see.
There was never a chance at saving this company. Never. It was so large it just gets crushed under its own weight now.
And lack of honest between departments and managers only compounds things. We could fix this but it would take humility and togetherness and understanding.
Managers just need numbers, metrics and confrence calls. Which doesn't translate up the chain to repair or growth. As has been said; a fish rots from the head
This is going to sound like exaggeration to some, but the following is EXACTLY what happened in the recent history of our store:
Management intentionally and systematically got rid of almost everyone on the payroll who had any considerable knowledge, experience, and expertise and replaced them with a bunch of dumb--s, clueless mo--ns so they could pay them less. Of course, what happened was exactly what anyone with any sense could have foretold: The store lost far more in customers, money, and reputation than they saved on the payroll cuts.
The OP is the paid corporate shill (cheerleader) at HE. We know who you are.
https://www.businessinsider.com/signs-your-employer-does-not-care-about-you-2017-2
Read this. 100% on point
Anyone savvy investing in the stockmarket should have gotten rid of Sears stock a long time ago.....Anyone holding on expecting a rebound in its value will be badly disappointed.
@dgj - Completely agree with your assessment! Since Eddie is the majority shareholder of SHLD stock there is absolutely nothing that the minority shareholders can do to alter Eddie's business strategy.
Troll post. Probably HE trying to be relevant . It's not .
Sad ending to a once great company.
Let's be honest. Shareholders could care less about the working conditions at Sears. The OP is just posting this just an elaborate rouse to play with your minds. Ignore it and contribute your responses to more worthwhile topics on this board.
Wtf are you doing sell sell sell. Why would you own stock in this company
@Uz9Y6Zn-ady a small group of ex-employees hang on so they can't take it private and treat you worse
Your question is coming a bit too late. Nothing can be done now, we are way past that point. I have seen so much unbelievable foolishness from the people running Sears that I am left with no choice but to assume that it was all part of an intentional plan. Nothing else makes sense. They WANT the company to fail.
Tell you what? The company has been run into the dirt by mo--nic leadership? That the company didn't adequately prepare for eCommerce? That you've squeezed the employees in the trenches so much that they don't care? That you don't have competitive wages? That you don't give your employees enough hours to earn a semi-decent paycheck?
If I missed something I'm sure someone will add to the list of incompetency of the CEO and the Board of Directors for the past 20 years.
I want to know why there are any shareholders left? If you read any board, any business journal, any retail journal and the financials, there is no redeeming qualities at all about this company. Most people are just holding on until they can find another job, retire or their store closes and they can get unemployment. There is no morale in the stores, there is no hope, there is no future. So why do you shareholders hang on?
The fish rots from the head.
The BOD is complicit.