Lowes moving into the old Sears Manteno facility Crains Chicago reports.
The decline of ESL Investments (SEC 13F filings) aka why Eddie has no money
Top 5 Holdings 2010: 1. SHC 3.55B 2. Autozone $3.06B 3. Autonation $1.75B 4. Capital One $313M 5. Citigroup $167M 2015: 1. SHC $450M 2. Autonation $405M 3. Land's End $157M 4. Sears Canada $134M 5. Gap $105M 2018: 1. Autonation: $128M 2... — read more
Benefit Rate Decimated
Not having vendors s—s.
No more Lawn and Garden
We were told at our staff meeting today that Lawn and Garden will no longer exist. I am unsure if this is just our store or is Sears as a whole.
Notification to in home customers
We were told today on a unscheduled Tech conference call that we are to no longer offer a Sears home warranty or master protection plan starting immediately. The current program is being restructured and making the whole process more profitable to... — read more
Eddie's sale of AutoNation stock in January raises questions in auto industry
https://www.wardsauto.com/dealers/troubled-investor-reduces-his-autonation-holdings Needless to say the writer is not a fan of Eddie's decision making
Who is left from Kenmore Direct?
They still have a web site, but I can’t imagine anyone still buys anything from them. I can’t see any possible way they kept Greystar or Priderock Capital (two of their biggest accounts). Do they even have anyone left on payroll?
Automotive leadership
Who's left??
Home Depot says, thanks Sears!
https://www.businessinsider.com/home-depot-delivery-distruption-sears-decline-2020-2
Vendors are going to act!!!
Hate to say it but it's kinda your fault if you chose to do any business with Sears. Best advise: immediately cut ties and demand all products back to you, or file lawsuit to accomplish this. If not, you will never see any of that money again and... — read more
Vendor Payments Late Again -
Anyone on the inside have any insight into why Transform is not paying vendors again? Our company is 60+ days over on several NET 60 payments and no one can answer when/ if we will get paid. Cut them off for now; but wondering if we will see some... — read more
HE
Anyone know when the next round of layoffs at HE are?
L&G is gone
Just announced, Sears is dropping L&G..... This is probably the final straw!
Will even more sears / kmart stores close later this year ?
As a top notch retail higher-up, my responsibilities keep me quite busy, so kindly keep your responses brief yet informative.
Will Corona virus be the end of the company?
If there is any shortages what vendor would sell to this company? The worse is yet to come as far as this situation is concerned which will of course lead to more closings and maybe the end of the company... — read more
Additional Help https://www.msn.com/en-us/news/other/sears-snags-a-new-dollar100-million-lifeline-as-losses-continue/ar-BB10dnUP
https://www.msn.com/en-us/news/other/sears-snags-a-new-dollar100-million-lifeline-as-losses-continue/ar-BB10dnUP
Why?!?!?!
BUSINESS NEWS FEBRUARY 20, 2020 / 12:31 PM / UPDATED 2 HOURS AGO Exclusive: Sears snags new financial lifeline as losses continue - sources Jessica DiNapoli, Mike Spector (Reuters) - U.S. department store operator Sears has reached a... — read more
Hanes and Southpole
Southpole and Hanes have backed out of doing business with us. You will start seeing hard markdowns and less merchandise hitting the stores. This is going to massively impact the intimates/men’s basics business and young men’s.
HE Today
The HE campus is in serious trouble due to back taxes that haven't been paid to the village of Hoffman Estates and to the state of Illinois. Also, unpaid utility bills have been piling up as well. Water, electricity, phone, and heat, although HE is... — read more
It honestly did not have to be this way for Sears & Kmart
If I were in charge of Sears and Kmart, I would first fire everyone on the board at TransformCo and said 20 years ago, "We need to start over." We need a reason for these people to stay and shop here. Unfortunately, Wall Street Billionaires Eddie... — read more
Trust
If you trust Sears to transfer your savings account into millennium trust, just remember who got you into this mess.
Announcements This Wee???
Ok everybody, this is a rumor page. So.....rumor has more store closing this week. I don't need a link. If you have been told your store is closing then post here. Your word is good with me!
HE A&E
The 'favoritism' continues, and it was on full display at the A&E routing center over the past few days, including today, in what is left of the shell of HE. It's doomed. PLEASE! Shut this place down. Put us out of our misery. Let us get our... — read more
Craftsman at Lowes
They got everything tools, mowers galore. Sears has zilch....(aside from some shoddy stuff)what happened?
Seen on Reddit
"Kmart really wants to sell you a folding chair" https://www.reddit.com/r/funny/comments/f5161w/kmart_really_wants_to_sell_you_a_folding_chair/ Used to be we'd do this with totes, but I guess the vendor who supplied those cut us off, while... — read more
# of employees
I was wondering, with all these layoffs and store closures, does anyone know approximate number of current employees?
Feb 2020 Field Realignment
To: SGM (135 Sears FLS) As part of our ongoing business review, efforts were taken this week to right-size our Retail Services field leadership teams to better support our stores, members, and associates. Sears mainland stores will operate as... — read more
From Sears to Lowe’s, Home Depot of JC Penny
Which should I choose?
Destroy the Linksturbator
Because apparently no one reads the home page: The Layoff.com News, personal experiences, rumors and speculations about layoffs at your company TheLayoff.com is live since January 31, 2009! TheLayoff.com is a simple discussion board for... — read more
List of 83 remaining Sears stores
This is a list of what I believe to be the remaining 83 Sears stores which are still open and not currently liquidating. I made this list by starting with the state-by-state store listings on https://www.sears.com/stores.html , then removing any... — read more
Link for Falls Church (Seven Corners), Virginia Sears closing
https://annandaleva.blogspot.com/2020/02/its-official-seven-corners-sears-is.html
Non-closing Kmarts
Hearing from colleagues at other Kmarts they are being told to take down counters entirely and bring counters to lower heights in some departments. They are also being sent more four-way garment racks to spread out apparel on the floor. Our... — read more
when is the next round of hoffman and sf layoffs happening
it has been awhile since hoffman and sf had any layoffs... now that the store count is going down again corporate layoffs should be happening again... any news on this????
Changes Today.....
Something is happening today..... Stay tuned.
Livonia-Sears nice property for a Sams club
Can’t believe livonia is closing before westland shoppingcenter. Should have closed both at same time
Can't believe how low Eddie went this time.
Eddie just sued over 400 vendors and he's stating that he wants his money back that was paid out to the vendors lol this guy is beyond... — read more