Very simple. Bond matures in October 2018, meaning Eddie has to come up with billions by then. If you think he's gonna fork out billions at this stage of the game, I have a bridge to sell you in New York... read more
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Topics regarding layoffs at Kmart
Only a matter of time http://www.businessinsider.com/sears-kmart-bankruptcy-talk-resurfaces-as-year-ends-2017-12
Anyone heard anything about if we reached the goal to avoid company liquidation?
Just laughed my a-- off at the snl skit. Pretty much true to from at my kmart. Oh the life of a customer service associate in this store.
Dayum. Our Kmart is down 60% in sales compared to last year. Why the drop? No print ad distributed in the area, none in the store, and none online... yep, that 45 page Thanksgiving/Black Friday ad never made it online, where corporate tells us to... read more
Been worried that my job wasn't eliminated yet. Two new supervisor positions were created, hardlines and softlines, but I'm still here..Is it based on sales, volume. Just curious how safe I am..
Black Friday last year was over a hundred waiting to get in, this year about 6. Ad s---ed, product scarce..Weekend kind of busy but nothing compares to last year. January will be the deciding factor but already heard over 140 Kmarts closing..If you... read more
https://www.thestreet.com/story/14400622/1/thestreet-black-friday-coverage-2017.html As you scroll down you see how terrible both Sears and Kmart looked this year. Says it is probably the worst it has been in about ten years...the deterioration... read more
My store closed in July. Although I'm still out of work,I am thankful to be home with my family. Miss my Kmart family,good luck this weekend!
So sad at this time of year so many Kmarts closing. Pictures of the stores, the associates.. Memories made, friendships made and pride in working in a store that was called home..Thankful that Eddie will never take away the love each and every... read more
Insiders say this is happening in February of all existing Kmarts..The whole side will be going bye bye..Sears side will not be touched which is sad..Having been in a few Sears stores lately brings the question why?? Kmart has and continues to be... read more
Some of the big firms are Hilco Global, Gordon Brothers, Tiger Capital, and Great American Group. Does anyone know if it's one of those or someone else?
During a visit with my store's QMT, he said that all stores that weren't announced to close in November, will be announced to close in February.
I live near Paducah. I heard from a Paducah realtor yesterday, that the Paducah store was closing. He did not volunteer who he heard it from. May or may not be true? Thought I would post it anyway. Goodluck to all those who work there.
So much doom and gloom. I know its hard coming in to work every day and not knowing if you have a devastating announcement. So much negativity heard every day. I have been through alot in my long years here but continue to bust my butt every day. A... read more
I'm just wondering if anyone knows if LC is concerned about all the Kmarts closing down and Sear's future in very serious doubt. I'm curious if their contract is going to be up in the near future and if they are not going to bother with them in the... read more
We just hired 6 high school kids at my Kmart store. Boy howdy, they are annoying... They constantly talk to each other, take extended breaks, watch "videos" in the bathroom, and don't bother looking for anything when doing reshop. Two of them decided... read more
Anybody else thinks that Kmart will be going the way of the dinosaurs much sooner than we thought? The way they are going with the closings, soon there'll be nothing left to close... read more
I am retired from the company and living in Laramie, WY. Our kmart is still open. Today, at the Safeway store, there was a big sign that said "welcome kmart pharmacy customers". Are all pharmacies closing, or just ours? Nothing on line that I can... read more
Was always a nice place to go It’s a shame the have closed the store that started it all!! They closed all the KMarts within a 20 mike radius and it’s a shame! The buildings just sit empty. Wonder who pays for the parking lot to be lit at night? Nice... read more
Have not posted for a while. Has anyone heard anything about the Paducah K-mart?
This cannot be possibly right!!! I don't think there are even 12,000 Sears left right?!
I am going to be a doomsayer as I have been on this site but I do not care. I'm sure that Sears itself will not die next year (though won't be surprised if it does) and perhaps they can hang on for a bit longer. But don't think for a second that... read more
Do you know if Kauai Kmart will be closing The store is super clean and has everything you could possibly need!
The Kmart in my city, St. Clair Shores, Michigan, was spun off to be a Seritage property some time ago. Our city council just shared plans for Kroger to demolish it and build on the site within the coming year. This is one of the top performing... read more
Found this on Sears board, thought it was spot on: I agree that SHC will sacrifice Kmart to secure a short lived future for Sears, the writing has been written on the wall for years, with several remodels and improvements in sears stores and Kmart... read more
Any stores have information on this? We haven't received any but we have signs and banners about a Halloween blow out sale expected to run the first week of September all the way up until Black Friday.
Will it ever stop?! They just announced that additional Kmart stores will close this year. How many is that now altogether? Does anybody know which stores are on the chopping block? I have seen the info about closing 28 stores, but I can't find... read more
I am a ASM does anyone know if the layoffs tomorrow will affect my position? There us only one ASM and 2 Floor Supervisors. My manager gas been out sick for two weeks no one seems to know anything.
Has anyone's inventory been cancelled told it would be at later date
Anyone else ?
Why would you keep this man as CEO of Kmart and Sears when everything was falling apart.. It seems to me that he REALLY doesn't give a damn about the company, especially with the losses. He REALLY doesn't know what to do, this is NOT a leader, this... read more
Apparently there was a district wide email saying not to reorder the cardboard boxes we use for repacks / layaway. Anyone else get an email like this? There are about 6 stores in my district so I find it hard to believe we'd all be going under.
Closing stores..Sales bad but hearing some kmarts are getting remodels.Hba and soft home depts. Kind of odd....
Herd a rumor that Store Managers that don't carry safety blades are in store for lay offs! May be good news for store managers that struggle to walk around the sales floor.
Kmart is near the top of list of worst layoffs in 21st Century America with its 2003 cuts of 35,000 workers. Am I the only one who thinks that they are working towards their all time best these days?... read more
FYI, it's a disaster. We had to put everything out and send pictures showing the backroom was empty. It doesn't matter if the counter is full put it anywhere. We had paper towels and toilet paper all over the store! Comforters on the top shelves in... read more