In almost a decade, I've never seen a quarter go by without a list of stores to close.
How are they going to mitigate that $500 million loss?
And as for layoffs, does anyone have any intel on what's happening (without speculation)? In Hoffman, are the use of any conference rooms blocked off and reserved for HR? Store managers, ASMs or supervisors -- are you sitting in on any "urgent" and "mandated" conference calls that you "must" attend? Are you getting any emails or anything that might look like it is related to a change in store structure or process (which usually means positions will be cut?).
On another note, this Kmart guy (or gal) is something else. Maybe it's a bot. I don't think it's anybody from corporate, because anybody with even just a grain of sense would know that it would be a big waste of time to try to make Kmart (or Sears) sound like something it is not, especially on a layoff site. Maybe it is a 16-year-old kid with some free time on his/her hands, maybe it's a disgruntled or former employee messing with everyone's heads. Here nor there, the moderators really need to do something about this. This site is intended for candid discussions about layoffs. This is not a stock rallying board or a board to troll people.