I dont understand why we just shipped out 9 pallets to closing stores. Is it because we are staying open and get new goods. Why spend all our payroll and time on this if we are closing and does that mean hope?
16 replies (most recent on top)
There are four buyers left for home goods. There are still easily that many for appliances and something like 45-50 for clothing/shoes.
No need for seasonal when the stores are going to be announced for closure/gone by the time you need it.
Lets face it most stores are setting up huge holiday stuff soon and wally world is Halloween set. By setting up Halloween now ut draws folks in and they buy more. Last year at Lowes they almost bypassed Halloween and focused on Christmas as thats the real money maker. Folks were doing Halloween a few years ago but the consumer can only handle so much witches and skeletons so the real focus is Christmas now with some fall items. We should have cards,trees,toys,toys,toys,tools and a plan but at our store not seeing it. Traffic is way down while target next door now has grocery,wal mart has online pick ups and delivery. I think ts really over this time and with the upcoming closings of forever 21 and others we will not have the clothing traffic the malls will have. I just left Walmart and the whole front is high tech self checkouts, online pick up bins and staff loading bins for parking lot pick up. We have old pos systems and no online services. After 20 years here i think its over and stores will close by jan 2020.
Seasonal is ordered in advance. You can find it hiding around the Sears site. It will be sent to non closing stores. They likely already knew what stores they intended on closing right after bankruptcy. Summer merchandise was probably bought for those stores just to save face for the courts and to wait for the hometown buyout.
It's too late to order for seasonal. Orders are made six months in advance. Sears has just four, count them, four buyers left, and they're for Hometown. You don't need a lot of buyers for appliances and mattresses shipped from Innovel for inventory controlled and owned by corporate sold by franchisees who are looking to get the hell out of dodge ASAP. Kenmore Direct is gone. Innovel delivers for Costco and other third parties, it doesn't need Hometown. Eddie doesn't are about the Full Line Stores even a little bit anymore.
"We were told that sending this merchandise to closing stores is how they are raising money to buy seasonal."
Seasonal merchandise is ordered in the summer. Shipments from overseas can take upward to 16-18 weeks on the water. Keep in mind that these vendors who have done business under Sears Holdings Corporation have not been paid in full for their invoices.
Ordering seasonal merchandise now for Christmas will not make it in time for Black Friday.
We were told that sending this merchandise to closing stores is how they are raising money to buy seasonal. That the company is broke and this is how they are going to do it, because it will sell faster at stores that are liquidating.
No they're obviously saving inventory for closing stores because people do come in to look when a store is liquidating and you sell twice as much as normal at regular 20-30% off retail sale prices
Only 9 pallets. We are shipping out over 60 pallets, not counting the 6 big boxes of jewelry that went out ups. Every customer is asking if we are closing. Not to mention we are tearing down counters.
Sears and Kmart senior executives know the ship is sinking. They are waiting for severance pay. They won't you that publicly but privately they will tell you.
@sjv Sounds like you have figured out what our liquidation consultant told me when our Sears store closed.
The general practice has always been ship out cheap or seasonal c-ap. Water, paper towels, totes etc. the expensive stuff from the closing stores gets sent to other Kmarts or Sears (if say it’s a grill or something sold at both anyway). The more full the closing store looks the more the liquidators pay.
The blowout sale is another completely different story. When they found out the stores weren’t closing large quantities of stuff was ordered that was (what was at the time) available through companies still doing business with them at that point. They’re selling it at or below cost to get rid of it entirely if they switched vendors or excess stock. It was put on the website first to draw website traffic. Eddie might not have even paid for much of this stuff it might fall under old Sears, since the agreement was in good faith to have the stores operational but there was the month transitional period. This is the inventory and accounts receivable stuff Eddie is still messing around in court with. My guess is they want him to pay for it and he probably won’t end up having to.
That is the sentiment in my store as well, total scam with the liquidation company. Does Eddie own those too?
Funny, I didn't notice that being in the form of a question, but rather a statement. You added real value to the thread, thanks pal!
This is some kind of scam to give away inventory to liquidation company. Smells corruption to me.
Will people keep asking about the ship being turned around after the last store is closed? Why don't you get it???
9 pallets? Be thankful. My kmart is at 50 pallets and counting. Told to ship all spring and summer. Spend payroll, OT approved. This is the biggest load of nonsense. They made a huge deal about doing all handwritten blowout sale signs on Sunday. Then this entire week has been nonstop screaming to ship out everything we just put on sale. In a week the bigwigs will have forgotten they had us virtually empty our store of merchandise and be screaming about how continued sales declines are all the fault of "poor execution" at store level on signing and presentation. I honestly don't think they have a full brain between the lot of them at the top. It is pretty damn obvious that NOBODY in Hoffman with any power is actually concerned with turning this ship around.