https://media.wsls.com/documentdev/2019/08/06/Sears-08062019156512062859522157009ver1.0.pdf
Wind down account will be distributed by or be for October by law. Valid 503a prepetion claims for wages are fully protected and funded
Under federal law. Class 1a priority for back wages, Valid Severance claims, ecetera, are guaranteed at 100% from the wind down account. Any class 2-8 claims are worth a few pennies on the dollar. Class 9 claims are worthless. Coming... — read more
A broken freezer and a Sears warranty problem
I have a three-year home warranty for my appliances with Sears. A technician visited my home last week and supposedly fixed my freezer. But yesterday morning, neither the fridge nor the freezer was working, and my food was spoiled. I spent two... — read more
Bond traders saying 4.6 million a year to insure 10 million in bonds. Going out of business. Bye-bye!
https://fortune.com/2017/02/07/sears-going-out-of-business-bonds/
Realignment Announced Today 8/1
Realignment announced today, back to exactly the way we were. One DM 15 store, no longer trying to play in the sand box with KMart. Well duh, two different companies!!! What comes to mind, the definition of insanity- doing the same thing over and... — read more
Sears employee life insurance will only be worth about $125.
https://www.zerohedge.com/news/2019-07-31/sears-employees-life-insurance-payments-could-amount-just-135-person-0 The life insurance plan for retirees was supposed to provide benefits between $5000 and $14,000. Instead, each person will get a... — read more
Employee discount coming back 8/15
Wow a whole 5% in hardline and 10% is soft lines. So generous. Almost makes up for not getting a raise for the past 9 years.
A&E Service
Big meeting going on currently for rest of day. The way stuff has been rapidly declining it will probably be bad news coming soon to technicians. Good luck all. Get out now!!
Prime Clerk number is on like Donkey Kong
I sent an online inquiry on Prime Clerk regarding my class one priority claim. Got a call within 40 minutes. Draino is on top of this. Nice to be able to know that things are rolling again. Great job Your Honor! 1-844-384-4460.
Plan confirmation vote
Any class 1 claimants don't have to vote. They are assumed to vote Yes. How about the class 2 through 8 claimants. If you vote Yes, pennies on the dollar. Vote No, and blithe if there are not enough funds. Anyone out there rolling the dice on a full... — read more
Out of stock..anyone currently doing them
Is this just a useless task? Sure doesn’t seem like anything coming in You would think that the warranty sockets and wrenches and screwdrivers would get replenished but they are not.. week after week OOS being done and not even a trickle of... — read more
Welcome Center’s closed?
Are Welcome Center’s still open? My store had its welcome center built while its downsizing, now they took out the Welcome Center, is this nationwide for Sears?
Google Sears in Mexico
Sears in Mexico is doing Great.
What’s going on with my Hometown?
The only Sears I have access to is a Hometown. This in a major city no less! I’ve noticed the inventory of my Hometown dwindle and dwindle. They don’t even have Crafstmsn tractors anymore - just two Husqvarna tractors. Couldn’t find a rake or simple... — read more
Aussies have arrived
Several Australians came to Hoffman yesterday. Rumor mill is buzzing that Kmart Australia is considering purchasing the remaining Kmart stores and assets here for North American expansion, or merely the rights to the Kmart name in Asia for expansion... — read more
Steve None the Wiser.
Just a warning to any remaining Sears employees... whatever you do, don't trust this guy.
Today is day ten.. was a deal met?
https://www.google.com/amp/s/footwearnews.com/2019/business/legal-news/sears-bankruptcy-court-hearing-lawsuits-1202803147/amp/
July Layoffs?
So it's July and usually this is when there are layoffs at store level. Any of you insiders heard any news on layoffs?
How many more store closures by the end of the year?
Seems to me like a valid question, although I doubt that anyone can deliver a precise answer.
Posts
If not liked it will be deleted..
Loyalty
Over 40 years this week. Not one word!!! Guess no one cares!!
A little message for corporate
This is absolutely absurd that they’re closing modernized stores in thriving malls while the aging stores with poor selection in c-ap malls keep chugging along. Even if the modern stores are barely in the black, breaking even, or somewhat... — read more
New Home and Life openings
Does anyone at HE have any input as to when this may happen? A few weeks ago, someone discovered a Home and Life location in Burlington, MA near an old closed FLS despite this opening not being announced just yet. There may be more.
Well, our store is most likely doomed...
A customer cut himself really badly on one of our metal shelves in our tool department a couple of weeks ago. Jagged edge gashed his forearm pretty badly. I was off that day but heard that there was a trail of blood and that they used tee shirts from... — read more
The next Sears Closing's
I believe these three locations Willowbrook Mall Staten Island Mall, Exton Square Mall, the ones in Florida and California are just the beginning of a long term liquidation spiral that is going to occur in the next few months. At first, I thought... — read more
Will A/C sales help Sears ?
Temperatures in the 100s coming should spur sales of ac units also stuff like bikinis and pool equipment and lawn darts.
Kmart store manager only conference call
Word is out that theres a store mgr only conference call Thursday 7/18 @ 730 am.Kmart stores only in our region. Anybody else hear?
Transform Company Sears
Transform Holdco LLC https://en.wikipedia.org/wiki/TransformHoldcoLLC
?where's the cream filling?
this company is more involved with weeding out unhappy employees then it is with any form of it's customer service to it's "members".......see for yourself, ...make an off hand comment on pebble or post.....your manager will be called within seconds... — read more
Moneywise.com says more closings 2019
https://moneywise.com/a/retailers-closing-stores-in-2019 48 kmarts 72 sears Would leave approx 300 stores left
When will this company just fold with everything that is happening or do we have to wait for the Last Judgement
Any thoughts anyone?
I hope to BeJesus this happens
https://www.google.com/amp/s/footwearnews.com/2019/business/legal-news/sears-bankruptcy-court-hearing-lawsuits-1202803147/amp/
Sears Exton, PA
The Sears in the Exton mall began its closing liquidation today. With the mall already missing one anchor slot after JC Penney closed several years ago (though one floor of the two was occupied by a Round 1 arcade) and practically half of the mall's... — read more
Call center walk out?
Just got hired for sales position and having doubts now I recently found out that a lot of the employees at a certain call center will be leaving due to the way the company cut everyones commision. Was told when I was hired was potential of making... — read more
Any techs or sales people have their sales cancelled?
Heard that there is going to be a pending lawsuit against the way sears cancels their sales for technicians and sales people that there was fraud. Anyone else hear anything?
Staten Island Sears Closing
Store in Staten Island is also set to close. This store was also a REIT store. It was remodeled and shrunken down. Now it’s closing. No store is safe!! Get out now. There are more coming before November!
2 months later - no money
Almost 2 months later, after I was laid off, they still owe me 40 hours of vacation time. I just checked on the payroll web. They deleted all of my hours and now it shows zero. Ex-manager is not answering the phone, HR is not answering the phone. I... — read more
Sears Wayne, NJ
We were just told yesterday that our store is closing in September. No store is safe. We are a REIT store that recently went thru a major remodel and was shrunken down to half the size 2 years ago. Not shocked but didn’t expect it so soon.
Goodbye Tehachapi Kmart-
https://www.turnto23.com/news/local-news/tehachapi-walmart-to-open-august-7-looking-to-fill-200-positions