Thread regarding Sears layoffs

Insanity defined: Doing the same thing over and over and each time expecting a different result. In order for Sears to transform/reorg into a new company, and have any chance at success, we need a whole different management team, and EL needs to not be a part of it. Would you invest your own hard earned dollars into this 'new' Sears if EL is still in charge? I wouldn't. He has had 14 years to change things and he hasn't (since the merger in 2005). I don't want to see 50,000 people lose their jobs but the cold hard fact is Sears hasn't turned a profit in at least 5 or 6 years. Lord & Taylor just announced some closings, and they have nice stores, we all know about Carson's, etc... it's unlikely Sears is going to survive.

That requires investment in Sears and Eddie is allergic to that.

Hopefully the bk will allow them to open up some new stores with nice new products that people like, iPhones and Pioneer stereos and Michael Coors shoes. Not the old stale stuff. It must be products distinct from the other major retailers.

Wall Street isn't wild about either plan as well. It will all be sold for sc-ap in a matter of weeks if not days.

@cug. Good point. Remember all Eddie wants is the real estate and could care less about the stores.

This will be a new company and anything can change. Remember Eddie's plan is for 50,000 employees. Right now there are 68,000 so 18,000 will be laid off. I also fully expect all full time positions to be eliminated and everyone retained made part time at minimum wage to avoid providing benefits. All leads will be eliminated and there will be a store manager and maybe a supervisor or too. Kmart has been operating with part time supervisors for years. I know, I was one. I am just speculating on my part and am currently a full time Sears employee. Good luck to all.

I don’t see how things will be different. Yes, debt will be gone, but Sears loses money every day without the debt, and this doesn’t seem like they are doing anything differently than they have been doing for the past decade.

I think Plan A is continue to lose money while slowly liquidating so you can control the sell off of real estate, and reap tax advantages. Plan B is to cut right to the chase and get all the real estate to sell.

Am I missing something here?

Eddie is bidding for the company name in plan B too.