Any ideas on how will this suit affect Sears employees?
Topics regarding layoffs at Sears
Just curious to what assets do old sears still currently have.
News just came out the new Oak Brook Sears store is closing with no liquidation. They just spent all that money for nothing.
Adversary Proceedings Sears Holdings has just started adversary proceedings against Lampert, ESL, Berkowitz, Fairholme, Seritage Growth Properties (SRG) and others (docket 3728). Sears claims: Had Defendants not taken these improper and illegal... read more
Asks for a Jury Trial.
That's the one metric Eddie Lampert should have kept an eye on all along. $52B=>$5B=>$0. That'll destruction of the 20th Century's largest retailer will be Eddie's legacy long after he's dead and buried.
This is a really accelerated liquidation schedule for a stealth closure, isn't it?: https://www.staradvertiser.com/2019/04/15/breaking-news/windward-mall-sears-closing-on-april-28/ Employees informed this Saturday, liquidation sales began Monday... read more
Since everyone keeps asking for it I looked it up. It is after the typed portion of this bankruptcy document. I believe there is motion to have this sealed. https://restructuring.primeclerk.com/sears/Home-DownloadPDF?id1=MTU1NDQ2&id2=0
www.google.com/amp/s/amp.usatoday.com/amp/3473790002 Just liquidate everything all together and call it a day.
Even though it looks like we’ve entered calmer waters com comparing to the ch 11 period, i don’t see that much has changed. Our footprint is shrinking, our stores are shrinking, and I don’t see that anything was implemented to stop the cash burn at... read more
Whoppie do da!! How many people will think this is a big deal? Overpriced depressing looking clothes that are way overpriced to begin with Probably at a time when the sales are at 30% off instead of the 40 or 50% off depending what week if the month... read more
How many other stores are being told that since the cleaning company didn't renew their contract after Sears bankruptcy that the employees have to do the janitor and housekeeping duties in their store?
Hey is Pus still the district manager for SW Florida? How about his little toad One? You were both A-holes! Much love from 6335!
Sears Holdings ( Old Sears ) is administrative insolvent and about to run out of money. Brought to you by the same people Eddie hired/brought over to run Transform Holdco ( New Sears) https://seekingalpha.com/article/4254161-sears-bankruptcy-chaos
He called out Walmart and target in particular but hey we have a billionaire ceo too so come on Eddie Stop looking like a fool and raise the min wage
Are the extra spaces, due to store shrinking going to be up fore sale or will they try to lease the extra space?
Did anyone receive an actual offer letter with pay, benefits, etc? Or just a checkbox for arbitration agreement? Feeling like this is setting us up to be taken advantage of, any insights?
I went to visit the Wayne, NJ store and it’s probably the best sears store I’ve seen. The store was actually clean and stocked and the employees didn’t look miserable. It was shrunken down from its original size and now it shares space with a Dave... read more
So hot that not only are we moving towards exclusively appliance-focused stores but we want to bring Sears Hometown & Outlet back?
With all the companies raising their min wage to at least $13-$15 hour it’s going to get harder and harder for sears/Kmart to get people to work for them You would think sears/Kmart would raise their min wage to at bare min of $11 an hour instead of... read more
After the “brilliant” idea of introducing smaller stores as the new company concept, I was just wondering what the next step will be? Any opinions regarding that matter or does everybody think that there will be no changes implemented in the near... read more
A malfunctioning helicopter needed to make an emergency landing. For once, empty Kmart parking lots did some good. This story would have ended badly if only a Wal-Mart or Target parking lot was available... read more
I have to admit, the fact that we are still receiving applications for jobs on nearly daily bases is pretty astounding to me. I thought this was a time of great economy with plenty of available jobs. If that's the case, why is anybody wanting to join... read more
Has just s---ed all the fun out of working at our sears. He is new to our store since his closed last year and every since he came it’s been so depressing just to be in the store period I thought store managers were supose to keep his team upbeat and... read more
Fancy corporate talk aside, but the formula is simple here: smaller stores equals less employees in them and smaller supply chain. The only question here is how many employees are going to grab the shorter stick here. Any info on how big will the... read more
Hate to be the bearer of bad news but remember the first week of May Is the IBO. WHAT POSITIONS WILL BE CUT?????? This is a lay-off board and I’m sure all associates of “Transform Holdco” are eager to know what to expect... what’s the intel our... read more
Seen some debate about this on this board but I haven’t seen a thread about it. If there is one, I apologize. My intention is to find out if there are any positives in this, cause in my head this looks to me like a desperate attempt to hang in there... read more
We've needed a soft lines supervisor for nine months ever since our last one just ghosted us & walked out. As far as I know nobody has applied or if anybody did apply and was interviewed, they didn't accept the job. Rumor is that the supervisor... read more
I had one of these in my area, they've sold appliances and mattresses for years. They're not affiliated with Sears proper, and one curious thing about them is that I've never ever seen a single customer wandering around in one. I've always imagined... read more
Two brands – Sears and Kmart – are one too many and Kmart has a better chance of making it
Normally when companies go bankrupt, the "Q" version of the stock eventually hits zero. But Sears is hanging in there. In fact it has some pretty good swings to trade on. Any chance it will be of some real value some day ?
Sears and Kmart are re-branding to try to breathe life into their struggling stores and win back shoppers. Sears' new tagline will be "making moments matter," while Kmart will promote "love where you live," the two chains said Thursday. The push... read more
Only two hours to the town hall, post any questions here I’ll try to ask them!
Thought everyone could use some good news, in the wake of the life insurance situation as well as some fool posting about total liquidation a couple days ago... read more
Saw this posted on seekingalpha from a bankruptcy docket on old Sears. https://restructuring.primeclerk.com/sears/Home-DownloadPDF?id1=MTU1NDQ2&id2=0 Lot of stuff in there but looks like I was right about credit card signups, if I read this right... read more
Really Sears accepting bitcoin. Oh mylanta