It's been confirmed.
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Topics regarding layoffs at Sears
The Connecticut Post Mall was evacuated Monday afternoon after fire broke out in a large trash compactor at Sears Department Store. Fire Battalion Chief Anthony Fabrizi said the fire was reported at about 1:30 p.m. by store employees. “M---ord... read more
SHLD 2017 Q4 Financial Report It'll be interesting as to when the 2017 Q4 financial reports will be released. Historically they have been released anywhere from as early as February 25 to as late as March 9. One thing we know for sure is that the... read more
Tomorrow is when the Sears store manager meeting is happening. Lets use this thread to compare and post our findings and what is going to happen.
10 plus years in the making. Buckle up. Prepare for crash landing.
When ASM salary are demoted this week to hourly do you have an option of declining hourly and taking a severance and leaving. If you decline will a severance be offered? Are all leads being let go and does that include the HA sales leader? If the SM... read more
Don’t know if it means we will be open awhile longer or if it’s just more inventory for liquidation As someone said before wish management would be honest in regard to what’s going on with the company at the morning meetings although a lot of workers... read more
It'll be interesting as to when the 2016 Q4 financial reports will be released. Historically they have been released anywhere from as early as February 25 to as late as March 9. One thing we know for sure is that the financial reports will be... read more
More cuts coming to Kmart. Stores can't really afford more but its coming. All full time leads will be going to part time positions as soon as the end of this week. Store hours will be cut down as well. All of this being done before the new year.
As SHLD has been closing waves of stores recently, I was just curious as to the last brand new full-line store that was opened for each format. I know a new Sears (3-level, even) opened when Mall of America opened in 1992. Have there been others... read more
Anyone have a list of all the Sears Canada locations? Hometown, everything? Yeah I know these are the Sears boards I was just wondering. TIA.
I’m truly curious about the general attitude in this forum. There’s so many loyal employees here that don’t want to let Sears/Kmart go. I understand that. But is there really anyone left who actually believes these stores will survive? I’m not trying... read more
Does anyone know about cuts coming to ap? My reginonal keeps telling me asap to get staff. I never heard this all year. Just trying to see if I need to apply to grad school before i get cut.
We can no longer order Cooper Tires. They were not the best tires but that is one more supplier that has kicked us to the curb.
SHC now has a new CDO - Chief Digital Officer. Hope the online business picks up.
Back on September 2014, the bond rating agency Fitch decided that SHLD wasn't even worthy of a 'CCC' rating, but gave them a 'CC' rating. That rating was affirmed yet again in January 2017. 2014 article:... read more
Edward Lampert Resource Page [ssba] “The entrance strategy is actually more important than the exit strategy.” — Edward Lampert Edward Lampert: Background & bio Edward or Eddie Lampert is the chairman of Sears Holdings Corporation (SHLD) and also the... read more
Job cuts and company restructure coming to the Sears side of the company next week. It’s all based on store profitability. Some stores will cut down a lot, some a bit, and some wont be touched. Just heard it from a friend that works in our region... read more
A Kmart to close that wasn't on the list. /
Have they been sold yet?
Credit rating now CCC- which is described as "Default imminent with little prospect for recovery"
Or did they get rid of the dress code? Black or tan pants- not colored Black shoes-unless they have a doctors note- don’t think a dr wd give a note to wear brown calf high winter boots What’s the point anymore anyways? Especially if the store manager... read more
The store manager is suddenly concerned with opening all of these closets and empty, abandoned rooms, all locked off from the public. None of these nooks and crannies have seen any use or will ever be used due to Simple Store where nothing can be... read more
My store (Kmart) has been open until 10pm for years. It was recently cut back to 9pm. Is this a sign the store is closing? I was told the DM made the call.
My Sears store has been getting lots of mens clothing called Simply Styled by Sears. Interesting that they are placing the name Sears on the clothes. Anyone have thoughts on this?
The court appointed monitor for Sears Canada's insolvency says it is reviewing millions of dollars the company paid in dividends while its pension fund fell short. FTI Consulting Canada Inc. filed a report Monday with the Ontario Superior Court of... read more
I heard more information coming next week
After years of transforming, just wondering how it's going. Haha.
Why would Sears not team up with Circuit City and sell space in stores where electronics used to be?
Where did this go? Customers keep asking for it, are we ever getting more? Does anyone have any Smart Sense updates? At our NH store, we have no idea when the trucks will come or what they will contain.
Are any of the leased Sears/K-marts closing announced on Jan 4th, being sub-leased? Or is Sears/K-mart simply vacating the stores?
In the northeast there are talks of Amazon taking over the warehouses. Apparently all associates in the building are having to reapply for their jobs they are told. Anyone else have connections to the warehouse associates?
The Kmart store in Guam is located 6,000 miles west of California in the Pacific Ocean, well past the easy reach of Target, Wal-Mart or Amazon Prime. The store, open 24 hours a day, also seems beyond the reach of time itself. Inside, it feels more... read more
Bill Jones, director of the Canadian Federation of Pensioners, says Sears is another example of a broken, or partially broken, pension promise. He points to the billions of dollars Sears Canada has been sending to majority shareholder Edward Lampert... read more
Seems like it’s been a long time in my store since there has been a mass clearance markdown or it it early yet in the season? I also noticed there has not been the racks and racks of clearance yellow signs in Rtw
They had a better operation than the US operation too
I guess they are not advertising this like they did with the Holiday Blowout back in November I wish the regular red sale signs would be eliminated though as it is double work to snc up red signs and then hand write Blowout signs! in lawn and garden... read more
No. Sears just keeps paying minimum wage (which they also can't afford, necessitating layoffs). And the paygap between Sears and Walmart works keeps increasing. Why do people continue to work at Sears?
If you're store had no cuts this past week, does this mean you're store is closing?
Our DM told us in a conference call that Amazon is buying 200 stores. Anyone else hear anything about this?