Joined: 08 Jul 2003
Posts: 6309
| Posted: Wed Jul 16, 2003 3:23 pm Post subject: In Effect;Only 3 Billion $$$ For Credit Sale | |
| http://biz.yahoo.com/djus/030716/1039001032_1.html CORRECTION;Sears' Credit-Unit Sales Terms Clarified-Dow Jones Business News,July 16,2003 10:39 AM -Yahoo Sears Stock News.The deal was made for 3 billion $$$ and 3 billion $$$ in capital Sears HAD ALREADY PUT INTO the credit card.There are also disputes as to what Sears got and wanted;ie received 1/2 of what they wanted.According to sec-10ks and reports Sears has anywhere from 3-5 BILLION $$$ in debt due in 2003. | |
Joined: 08 Jul 2003
Posts: 6309
| Posted: Wed Jul 16, 2003 4:28 pm Post subject: Bonds/Loans Sears Took Out Due In ? | |
| Besides the 3 Billion Sears already had set aside,when will Sears actually receive the money?. | |
Joined: 05 Jul 2003
Posts: 1522
Location: chicagoland by the big guys
| Posted: Wed Jul 16, 2003 10:22 pm Post subject: | |
| Far cry from what we were asking for, MY OPINIION the nail in the casket. I predict the stores will start closing in one year | |
Joined: 13 Jul 2003
Posts: 280
| Posted: Wed Jul 16, 2003 10:55 pm Post subject: | |||
Many at our store feel there may not be "Sears" within 5 years. Too little.....too late...... |
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Joined: 05 Jul 2003
Posts: 1522
Location: chicagoland by the big guys
| Posted: Wed Jul 16, 2003 11:17 pm Post subject: | |
| They are very right but Lacy is going to be very rich with the stock options it went way up dont forget the huge amount he purchased last year. That good ole boy!! I sold alot of stock today I am not going down like the ones in Enron from six sigma | |
Joined: 04 Jul 2003
Posts: 55
| Posted: Thu Jul 17, 2003 12:11 am Post subject: | |||
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Joined: 13 Jul 2003
Posts: 280
| Posted: Thu Jul 17, 2003 12:53 am Post subject: | |||
 exactly!! My husband took the buy-out Sears offered about 10 years ago. I have over 14 years in, and we have sold most of our Sears stock.
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Joined: 04 Jul 2003
Posts: 1416
Location: Indianapolis, IN
| Posted: Thu Jul 17, 2003 4:27 am Post subject: | |
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Just read a news clip stating that Citigroup will absorb current reported 8,300 employees - called my son and he received an email confirming this today - he is looking to Citigroup now coming in and releasing much of the employees over a 1 yr period - by Citgroup absorbing all the employees, Sears is relieved of any buy-out packages for any of these employees - now they just have to wait for the axe
MrsDD |
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Joined: 05 Jul 2003
Posts: 1522
Location: chicagoland by the big guys
| Posted: Thu Jul 17, 2003 12:53 pm Post subject: | |
| All in a days work in the Headquarters. How shittttty | |
Joined: 04 Jul 2003
Posts: 321
| Posted: Fri Jul 18, 2003 5:08 am Post subject: low.... | |
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lowmorale, a large portion of those associates are headquarters associates. Is it crappy that they did it to themselves then?
ICKIMORE |
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Joined: 07 Jul 2003
Posts: 1037
Location: Formerly 3333
| Posted: Sat Jul 19, 2003 3:02 pm Post subject: | |
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I have a number of friends tied to the Credit wing of our business. I can tell you to a person, they are very uneasy about their futures. Will they still be employed? With whom? Will they have to move?
Lots of anxious people at Hoffman right now. 
"Footie" |
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Joined: 05 Jul 2003
Posts: 1522
Location: chicagoland by the big guys
| Posted: Sun Jul 20, 2003 1:52 am Post subject: | |
| Talked to a guy today that his whole department was wiped out, I feel empathy for the people at headquarters too. He said he is doing fourteen peoples job right now. I also talked to a wonderful woman who worked in our store before going there, the company could not ask for more devotion or sweetnes she got her walking papers. I dont know, I should not bash headquarters I will direct it more to the board of directors! Sorry Footie!!! I am just one of those that really think that if some people did not make so much money they could of kept alot of people in work, alot of people not so stressed by too much work, not so many people living in poverty like 57, learn not to waste the stuff they do, there was no need for the abuse put on so many people wth the stupid programs, the money that was wasted on six sigma has not done one thing, except make customer service worse, brought the morale down, the company has spendt so much money training and training again, when with a little dignity and respect they could of kept their own people | |