Sears family, please find other work before it it too late. There is a high probability that Sears will move to Chapter 7 bankruptcy (liquidation) before the end of the year.
Reading the article below, there’s not enough money to cover our expenses and pay our creditors. You see what’s happening in the store—inventory issues, support team cuts, no innovation. The writing is on the wall. I know most of us love the company and wish it would turn around but that’s just not going to happen. ESL has no idea what’s going on nor how to manage the money. The end is near and if you think you’re thinking about holding out for a severance, there may not be any money left to hand out.
And Home & Life, as far as I know, is done. The team that opened these stores is dissolved. There is NO ONE in training or business development. Hoffman Estates is basically empty, only enough people to keep the company afloat. Sears is no longer planning for a future nor investing in yours as employees via development.
So please, think about your future and move on. Do your research if you want to stay in retail as many big box retailers are experiencing major sales decreases and are considering bankruptcy. Target, Costco, Amazon (hiring A LOT on the west coast) are all good bets and hiring for the holidays and beyond. Stop speculating and take action, find another job and wish Sears all the best. Don’t be the violin players on the Titanic.
See here: https://seekingalpha.com/article/4291695-sears-holdings-broke-may-able-exit-ch-11-bankruptcy