We are also getting huge amounts of inventory. Our DM said that yes, select warehouses and distribution centers are being emptied and cleared out in anticipation of more store closings and liquidations. Once those select warehouses and distribution centers are cleared out they will close. Does not bode well for stores both this year and next. The company continues to shrink.
Bumped from @UeS2AwH-2txr for info.
@1ers - "a lot of us who work at Sears are tired of all the BS on here." Well, no one is forced to visit this site! If all the supposed BS on this site is too much to endure then you can always turn to Pebble. I can guarantee you that all the information on Pebble has been approved by the SHLD tone police and not a discouraging word about Sears will be found there. You can carry on totally insulated and unperturbed within the Pebble bubble!
@1ers, Maybe your crystal ball which reveals people’s employment statuses is good, but I bet mine is better. Mine tells me there is a lot of current and former employees here who can recognize in a minute not just the shorts, but a company cheerleader trying to discredit this site as well.
I don’t think he’s trying to sound like trump - a lot of us who work at Sears are tired of all the BS on here. I realize you don’t appear to work here either so it probably annoys you when he says it but almost all the rumors on here are fake, posted by outsiders and seeking alpha members.
Yes the warehouses are full because of the $441 million Citicorp money. That money bought inventory for the 4th quarter. What are they going to replace that inventory with when that is all gone and shipped out to the stores? Just wondering.
@ -ibz
100% agreed. It is pretty lame for this troll to continue quoting Trump all the time. He might as well call himself MAGA as his personal The Layoff Sears forum handle.
Sears will soon be a 3rd party customer of Innovel just like Amazon and Costco.
Not sure what deal Eddie cut with whom
They spent the cash from the citi deal like drunk teenagers
My husband works at an Innovel warehouse as a supervisor. I often check this forum to see what could possibly happen in the future regarding his job. Even if Sears and Kmart do close will it still be possible for Innovel solutions employees to keep their jobs even with just 3rd party deliveries/merchandise?
Innovel warehouses full with new sears merchandise and 3rd party merchandise. Warehouse associates rarely post. We have too much work to do.
If the shorts stop coming on here and posting fake BS I’ll quit writing “fake news”.
Nice try at changing the subject. No ddc’s have closed, that’s a fact. They are all filled to the brim with stock that’s a fact too. So... add something factual and productive or go away. Those of us who work at sears are trying to find out about our jobs, not how you are doing in the stock market.
as with Swamp line get over the FAKE NEWS line its old
You are lying. No DDC’s are being closed. Name one?
Oh, you can’t can you?
The “warehouses” are full to capacity. Not sure what deal Eddie cut with whom but we haven’t had this much inventory at the “warehouse” in 5 or 6 years. Even got Samsung electronics in yesterday so stop with the FAKE NEWS!!!
I respect your DM's honest assessment. It's refreshing to hear someone in his/her position to tell it like it is, for a change.
There will always be more closings anticipated until there are no more stores. The momentum is too great now.