After this round of closings when will the next ones start and will stores be added to this round before they start on 9 19
I hear more added soon but unsure if our store is good until after october.
Do they just add on to this round as needed or wait till another round in October
At headquarters on Friday it was rumored all Kmarts are done by Christmas or shortly thereafter. Sears will go on but Kmart is done. A new store brand in the works but only a handful.
@110aX0fI-1gvw That's what they said last time....and the time before that...and the time before that. When there was about 1,000 left...then about 800, 500. Kept hearing the same thing that they are "done" with closing stores. Yet they don't seem to stop, funny, isn't it?
There will be no closings for the next two minutes, after that all bets are off. This New and Improved Company is springing more leaks than the Titanic and going down faster on purpose. Free ice for your drinks or severance anyone. More icebergs ahead, full steam ahead!
Fake or not there aren't any closings this year. The store's who made this last round are the one's going forward. Store closings are over.
@1jmq, If you have access to you store's email, search for the email that I referenced. it was sent by Denise Morrison.
@1kvr So where is the list of stores in the email you speak of or are you just spreading rumors and fake news?
Was the 10/1 list of stores different than the ones that were leaked?
An adversary complaint was filed September 11 by Transform Holdco LLC against Sears Holdings. The court document case number is 18023528 (RDD). Here's an excerpt of the complaint:
NATURE OF THE ACTION
breach of contract in contravention of the APA and this Court’s Order (I) Approving the Asset
Purchase Agreement Among Sellers and Buyer, (II) Authorizing the Sale of Certain of the Debtors’
Assets Free and Clear of Liens, Claims, Interests and Encumbrances, (III) Authorizing the
Assumption and Assignment of Certain Executory Contracts, and Leases in Connection Therewith
and (IV) Granting Related Relief, Docket No. 2507 (the “Sale Order”), authorizing the sale of
substantially all of the Defendants’ assets to Transform (the “Sale Transaction”). Specifically, the
Defendants have failed to deliver title to an owned parcel of land in Fort Lauderdale, Florida that
is related to and used in connection with an operating retail location that was assigned to
Transform.
deprived Transform of bargained-for assets. Prompt resolution of the dispute raised in this
Complaint is important not only to Transform and its ability to operate the assets it purchased, but
also to the administration of the estates as the Defendants seek to confirm a Chapter 11 plan.4
largest shareholder and creditor prior to these bankruptcy proceedings, in large part due to its
longstanding efforts to provide Sears with a path towards growth and success in a period of
unprecedented upheaval for the retail sector in America.
from the outset of these Chapter 11 proceedings was the only bidder to submit a viable going
concern bid for substantially all of the Defendants’ assets. Transform’s final winning bid of $5.2
billion represented the only going-concern bid for substantially all of Sears’ assets. Defendants
selected Transform’s bid as the highest and best, and the Court ruled that this sale was in the best
interests of all stakeholders, including the Defendants’ estates and their creditors.
the Defendants’ concerns about administrative solvency and certainty of meeting Closing
conditions with Transform’s need for assurances that Sears would continue operating in the
ordinary course pending the sale and deliver a going concern with the necessary assets and
liquidity.
There is a round starting on October 1. One of the emails with the Store Closing manual and ‘closing store resources’ had a list of stores starting liquidation on 9/19 and 10/1
Why october 1 and how many. I hear its over after the nb exf round. Thank you for helping ss it so hard. I wonder why our store in key west area is still open.
next round will be shortly after the last round and so on, until the transformation proclamation is complete
Anytime in the future, but before January 2020
November 1 is what I've been hearing.
Oct 15 is the better date.
The next round will start October 1.
I trust you’re being proactive and actively looking for other employment. Your store is doomed and on the list.