Thread regarding Sears layoffs

Eddie tried to play hardball with the board and lost his a--. He has done unrecoverable loss to the company in the past week. What a son of a b--ch.

It’s time to protest the incompetence. Martch up to B-6. Demand new leaders. Enough with the same old tired leadership. They should be ashamed. Munjal has to go. Tens of thousands of people are losing their jobs while she lines her pockets. And Gonzalez is just a meat head wanna be hard a--.

Hey SOMEBODY has to gas up old Eddies' $130,000,000.00 yacht, "The Fountainhead"!!!

We hear “business as usual” in HE. That means there’s no plan and Ch 7 will be along very shortly.

That 200M hasn't allowed me to order oil nor tires..

In fact, they are more concerned with selling discontinued wiper blades for three bucks a pop that are out of stock and have to be mailed through UPS.

Nothing has, nor will change.

Let the cash burn continue.

The recovery plan is more of the same misguided shrink to greatness b---s---. Lose more stores. Cut inventory. Reduce headcount. The only difference is that it will be more aggressive. No new ideas. Not playing to win. The only winners are the same tired brain dead, follow Eddie off the cliff leaders like Munjal and Gonzalez. Nobody in the C Suite has the balls to stand up to the self appointed King Lampert. Biggest failures in the HISTORY of retail. They should be proud.

Checks for commission-only appliance sales started bouncing the Thursday before bankruptcy was filed. Returned check stamped 10-11-2018. The last guy in our store (of probably 50 remaining nationwide) came in yesterday to inform the store manager he would no longer be coming in. He gets paid every two weeks, so he knows to cut his losses. More than half his sales from Sept 20 onward have not been delivered and customers are angry. He's going to work at Lowes.

Never heard about this specific failed project, but it sounds like yet another failed project thrown in the big pile of failed projects. Anybody with any sense could have forecasted that an Internet cafe inside of a Sears was not going to work and was not going to convert the visitors of the Internet cafes into customers. Internet cafes are/were usually a thing with coffee shops, not department stores. The space should have been used for clearance/991 or an overflow for floor displays. That's what we used our extra space for until we got a DM that wanted to have us pull everything out, cram it all on the salesfloor and hang what looks like white hospital bedsheets to "block off" these spaces.

As expected, he placed the blame on other people. It sounded like he was blaming the stores for the lack of interest. Not only that, he seemed irritated at the fact that around half of the computers didn't work whenever he visited a store with a Internet cafe. Did he expect store associates or managers to fix these issues themselves? Was these computers even Internet capable ca. 2005 to begin with?

There were probably a lot of payments in arrears. They had to make good faith payments to vendors, trucking companies, etc., so they did not completely shut them off. The judge would have signed off on it as necessary business continuation, as the harm done would have collapsed the company immediately.