You have lost $12B and shut down 2500 stores Eddie Lampert. No one has any confidence in you.

Suppose you win the bid next week Eddie? So what?

Will it bring back the $12B you've lost?

Will it bring back the 250,000 employees you've fired?

Will it bring back the customers, foot traffic, and cash flow you've lost?

Will it bring back the trust in the vendor, employee, and contractor relationships and lives you've ruined?

Will it restore all the buildings you've neglected for decades?

YOU HAVE NO PLAN. Just a lot of wishful thinking.

Even the corpse of Sears Holdings is in barely marketable condition thanks to your ineptitude that would be better served in the hands of others trying to place it in the hands of the highest bidder who actually value what they're getting.

So what Eddie? You drive this further into the toilet for another year and declare bankruptcy again next September? Sears is bleeding cash, and you haven't shown anyone how you intend to avoid Chapter 22.

Comment! It's anonymous!

3 replies (most recent on top)

Their peak was 4010 stores, and 425 are going to still be in operations after the 80 announced closed. Your math s---s, because that's 3585 closures, not even close to 2500! Yeah, he's closed THAT MANY!!

This is such a true set of statements. His blathering about he being the only hope of saving the jobs of 50,000+ employees is just a ploy to the MANY who aren't aware of or have forgot about the 250,000 who he did nothing to save. Everyone thinks Sears is to blame for all of its issues, as if Sears is an entity making its own decisions. Everyone always blamed every single CEO and all the VPs etc. You mean very one of them was lame? How about the stories of how he belittled and attacked them in meetings? If you blame them for anything, its that they stayed around too long once they realized how bad it was OR they joined in the later years even after they heard how bad it would be or they didn't investigate, which says more for how bad they are. In short, not every one of them was making bad decisions. Its that they weren't allowed by the chairman (wheter or not he was also the CEO at the time) to do anything. HE wouldn't allow any investment. HE decided Shop Your Way was the solution to all (guess that didn't work out), HE decided he needed to hop on Pebble with an alias to monitor his slaves.

Yet now HE is going to save Sears? I know many of us on this board KNOW the truth. Too bad nobody else does. But then again, looking at it from the outside, its hard to believe. But I am sure those executives who left early on are not surprised in the least. I love reading Mark Cohen's articles on Sears. He saw it coming at merger time and left. And he's called it accurately for 10+ years.

"YOU HAVE NO PLAN. Just a lot of wishful thinking."

It's not even wishful thinking. It's smoke he's trying to blow up everyone's a-- (the judge included, sounds like)

Thread regarding Sears layoffs

You have lost $12B and shut down 2500 stores Eddie Lampert. No one has any confidence in you.

3 replies (most recent on top)

Post a reply