Honest question. Does anybody truly believe Sears will not go under? I see a bunch of people coming on here defending E and saying how Sears will recover, and I can't figure out if those people are just being trolls for the fun of it or if they truly believe what they are saying. With everything that has been going on, with all the changes, closures, preview in Canada Sears...does anybody still truly think there is even a sliver of a chance this will work out in the end?
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A plan is in motion for Sears to become an Adult Toy Store on or before November 8th, 2017.
Sears will be sold to North Korea on November 1st, and the shift in strategic policy will involve Missile manufacturing in what was once the Home Appliance section.
It is a very simple thing in the retail business , do you make an operational profit. If the answer is no and continues to be no you will fail. Cannibalizing assets to feed losses is not a sustainable plan and has now crossed the point of no return.
I seriously don't understand anyone that comes on this site from Hoffman Estates that makes it sound like we are under a ton of pressure or that things are just awful. We all know what is going on as it's a tough time, but for our department it's just business as usual. It may be a little depressing to see such a tough time, but I don't understand all the drama. It might be hard for some in Hoffman Estates as we used to have a lot more control over things than we do today, but such is life. You do the best you can and are grateful for your job as long as you have it. And if you are totally miserable, then it's time to move on as that isn't good for your health. I don't think any of us can truthfully say what the outcome of any of this is as none of us know how long Eddie will fund us or keep trying to turn us around. Yes in his own way, but trust me we would have been gone years ago without him at least trying. No one else stepped in to buy us or take us over. This is life. Some times are painfully hard, but you keep trying your best as that is all you can do.
In any company that’s collasping and on the verge of going completely under you have to ’stay the course’ or continue as if it’s ‘business as usual’ - even if you know the end is near. It’s not fun having to operate like that on a daily basis, but that’s how it’s been for all the various companies that have gone under in the prior decades.
SHC and all the management people are not immune to having to operate with the business as usual mindset. Even if you know the truth and see the reality of everything.
No. Sears is a liquidation company.
OP sears had problems before Eddie saved them. Warren Buffett said it best “eddies a smart guy but its a tough hand”, Sears will make it, it will be a different company but they’ll make it another 100 years.
Your manager doesn't want you to leave for another job. Saves the hassle of trying to recruit a new employee into a dying company. The manager's will tell the employee's everything is great until the lights are turned off.
Some might be hoping that it's going to be ok. And mean it sincerely. The evidence points otherwise though. I don't mean the media reports because it is true, those have been predicting Sears' demise for 10 years.
I'm looking at the associate hours being cut before the holidays. That doesn't happen in retail.
For Sears to survive it's going to cost Billions to re-invent the brand through store renovations, marketing etc. They don't have that or time. Servicing the debt they have now is killing them now.
The whole Sears 2.0 in Canada increase same stores sales by a couple percents and look like it was on the right track. The renovated stores looked nice at least the one I went to but they ran out of money and had no assets left to get financing while Lampert got his Hugh dividends when he sold the primes leases and credit card businessinstead of investing in the stores. Sears Canada fate might be difference.
Your managers are saying that because it's their jobs. They don't necessarily have to believe it themselves but they need everyone to continue working and putting effort into your jobs.
If your managers told you they didn't think your company would last very long how would you respond? It would make their jobs much, much more difficult. So of course they're going to cling to whatever positives they can and of course they're gonna avoid addressing the negatives. usually if a manager has given up they just hide from view. They still don't broadcast the negatives due to how obviously bad of an idea it is.
There are a few of them out there that have their head in the sand. My store manager is one of them. According to her, Sears is doing great and we are experiencing exciting times. I still wonder if she really believes all of that or if is just an elaborate act and secretly wonders if she will show up the next day to find out the store is closed or the company folded for good.
As for trolls, I don't get why they would waste their time fighting an uphill battle. If it is for the stock, it is too far gone to bother "pumping". Smart investors ignore what amounts to hearsay anyways, so the effort is wasted.
I vote trolls.