exciter1 Posted September 13, 2018 Author Share Posted September 13, 2018 7 minutes ago, keymomachine said: And here I've got a couple orders in friggin limbo I just put $500 of stuff in my cart and it's saying I can earn $0 cashback. Quote Link to comment Share on other sites More sharing options...
Phil B Posted September 13, 2018 Share Posted September 13, 2018 I just put $500 of stuff in my cart and it's saying I can earn $0 cashback.My mobile app cart also shows no cashback points. I can still redeem points. Heading to the store this afternoon to spend my current balance on 20% clearance. There might be no tomorrow .... Quote Link to comment Share on other sites More sharing options...
mizeur Posted September 13, 2018 Share Posted September 13, 2018 My Kmart app cart has been broken for weeks--won't let me add items. SYW app and the websites are still showing points back when I add items to my cart. Quote Link to comment Share on other sites More sharing options...
Phil B Posted September 13, 2018 Share Posted September 13, 2018 My Kmart app cart has been broken for weeks--won't let me add items. SYW app and the websites are still showing points back when I add items to my cart.Yes correct, website still shows $50+ back on a $55 purchase. Quote Link to comment Share on other sites More sharing options...
exciter1 Posted September 13, 2018 Author Share Posted September 13, 2018 My Kmart app cart has been broken for weeks--won't let me add items. SYW app and the websites are still showing points back when I add items to my cart.I was on Kmart.com, $0 cashback Quote Link to comment Share on other sites More sharing options...
exciter1 Posted September 13, 2018 Author Share Posted September 13, 2018 Cashback is back Quote Link to comment Share on other sites More sharing options...
Phil B Posted September 13, 2018 Share Posted September 13, 2018 "Only" lost $508M this past quarter. All is well. Cashed out for nuttin' https://searsholdings.com/press-releases/pr/2110 2 Quote Link to comment Share on other sites More sharing options...
exciter1 Posted September 13, 2018 Author Share Posted September 13, 2018 8 minutes ago, Phil B said: "Only" lost $508M this past quarter. All is well. Cashed out for nuttin' https://searsholdings.com/press-releases/pr/2110 LOL, easy sailing... Quote Link to comment Share on other sites More sharing options...
Phil B Posted September 13, 2018 Share Posted September 13, 2018 Couple of random "signs" and musings though: 1. In-store SYW point redemption was down this morning. One of my stores (with the best clearance sets ) still could not process point payments when I came in at 3:30pm. Worked fine in other store even though it had been down earlier in the day there too. 2. FYI per SYW, SCHEDULED MAINTENANCE FROM 10:00 pm PDT to 8:00 am PDT [By: MAGIC Sweeps Links & Codes] (Regarding WinIt and Sweeps - curious if this is just maintenance or if we will see drastic changes in either the way Sweeps/WinIt works, or the frequency of winning) 3. I cashed out on Monday (got down to $2 in points), cashed out today again (had managed to get $30 in points in just 3 days from Sweeps). The fact that there is no bankrupcy announcement yet means I can continue building this up again Should be a $5 on $5+ toys FC coming out on the 15th (if you text TOYS to Kmart), and hopefully another good Sweeps Weekly FC offer (last week's $8 on $8+ was awesome). As long as they keep on paying the bills until Oct 2nd, I've got $25 coming from the $50 cashback promo that I wouldn't mind using on some clearance LEGO. Quote Link to comment Share on other sites More sharing options...
keymomachine Posted September 14, 2018 Share Posted September 14, 2018 Plus the Harry Potter Whomping Willow I ordered actually shipped despite "processing" for two weeks and CS initiating a refund two days ago. I doubt the refund will go through now, but at least I'm getting the thing I ordered. Over in Win Club on FB the guy in charge said they were doing computer maintenance stuff today and there was a points outage last week as well. Hard to keep good IT when you keep letting people go. Quote Link to comment Share on other sites More sharing options...
Phil B Posted September 14, 2018 Share Posted September 14, 2018 From thelayoff.com:Below is from the 10Q statement filed with the SEC yesterday. It lays out the threshold of default then goes on to say that as of August 4 they were below that threshold, if they go another quarter below the threshold, it’s over.“If we continue to experience operating losses and we are not able to generate additional liquidity through the actions described above or through some combination of other actions, then our liquidity needs may exceed availability under our Amended Domestic Credit Agreement, our second lien line of credit loan facility and our other existing facilities, and we might need to secure additional sources of funds, which may or may not be available to us. A failure to secure such additional funds could cause us to be in default under the Amended Domestic Credit Agreement or other financing agreement. Additionally, a failure to generate additional liquidity could negatively impact our access to inventory or services that are important to the operation of our business. Moreover, if the borrowing base (as calculated pursuant to our outstanding second lien debt) falls below the principal amount of such second lien debt plus the principal amount of any other indebtedness for borrowed money that is secured by liens on the collateral for such debt on the last day of any two consecutive quarters, it could trigger an obligation to repurchase our New Senior Secured Notes in an amount equal to such deficiency. As of August 4, 2018, our borrowing base was below the above threshold, and if our borrowing base is below the above threshold at the end of our third quarter of 2018, it would trigger an obligation to repurchase or repay second lien debt, in an amount equal to the excess of our funded debt secured by liens on our inventory as of November 3, 2018 over the borrowing base. If we fail to make such repurchase or repayment, we would be in violation of our covenants under our Second Lien Credit Agreement and the indenture relating to our New Senior Secured Notes.” Quote Link to comment Share on other sites More sharing options...
Phil B Posted September 24, 2018 Share Posted September 24, 2018 Latest convoluted Eddie Lampert plan has been filed with the SEC: https://www.nytimes.com/2018/09/24/business/sears-bankruptcy-lampert-deal.html Quote Link to comment Share on other sites More sharing options...
lodibricks Posted September 24, 2018 Share Posted September 24, 2018 On 9/13/2018 at 8:39 PM, keymomachine said: Plus the Harry Potter Whomping Willow I ordered actually shipped despite "processing" for two weeks and CS initiating a refund two days ago. I doubt the refund will go through now, but at least I'm getting the thing I ordered. Over in Win Club on FB the guy in charge said they were doing computer maintenance stuff today and there was a points outage last week as well. Hard to keep good IT when you keep letting people go. I hope your set wasn't shipped in a bag. ? I start to feel bad for Kmart and then get a reminder why I stopped ordering from them. Quote Link to comment Share on other sites More sharing options...
Lordoflego Posted September 24, 2018 Share Posted September 24, 2018 Once Kmart is gone, I’ll miss pancakes... 3 1 Quote Link to comment Share on other sites More sharing options...
marcandre Posted September 24, 2018 Share Posted September 24, 2018 1 hour ago, Lordoflego said: Once Kmart is gone, I’ll miss pancakes... 1 Quote Link to comment Share on other sites More sharing options...
Fleck Posted September 25, 2018 Share Posted September 25, 2018 (edited) Is anyone else investing in the spend $75 get $75 back in 3 installments. I have been buying tools and using cashback on Lego. I even did the spend $200 get $200 along with the $60 get $60 and $50 get $50 that they had..Just curious if I was the only one taking the risk in hopes that they stay in business till the end of the year ??? Edited September 25, 2018 by Fleck 1 Quote Link to comment Share on other sites More sharing options...
Phil B Posted September 25, 2018 Share Posted September 25, 2018 Is anyone else investing in the spend $75 get $75 back in 3 installments. I have been buying tools and using cashback on Lego. I even did the spend $200 get $200 along with the $60 get $60 and $50 get $50 that they had..Just curious if I was the only one taking the risk in hopes that they stay in business till the end of the year ???Not so much "investing", but I am participating in the $75 back on $75 (received $25 so far with the next $25 due on 10/1) and the $300 back on $300 (received $25, next $25 due 10/15). With participating I mean that I got a great deal on stuff I already have, and these offers were just a bonus. Quote Link to comment Share on other sites More sharing options...
Bold-Arrow Posted September 25, 2018 Share Posted September 25, 2018 they need a better subject line for their emails 4 4 Quote Link to comment Share on other sites More sharing options...
Bold-Arrow Posted September 28, 2018 Share Posted September 28, 2018 Sears is now trading below 1$ https://money.cnn.com/2018/09/28/news/companies/sears-penny-stock/index.html Quote Link to comment Share on other sites More sharing options...
Lordoflego Posted September 29, 2018 Share Posted September 29, 2018 3 hours ago, Bold-Arrow said: Sears is now trading below 1$ https://money.cnn.com/2018/09/28/news/companies/sears-penny-stock/index.html So all in? ? 1 Quote Link to comment Share on other sites More sharing options...
exciter1 Posted September 29, 2018 Author Share Posted September 29, 2018 6 minutes ago, Lordoflego said: So all in? ? Like Aunt Jemima 1 Quote Link to comment Share on other sites More sharing options...
lazuli16 Posted October 10, 2018 Share Posted October 10, 2018 Has the end finally arrived? https://www.chicagobusiness.com/retail/sears-preps-bankruptcy-soon-weekend if you have the points, I would use them. 1 Quote Link to comment Share on other sites More sharing options...
exracer327 Posted October 10, 2018 Share Posted October 10, 2018 On 9/28/2018 at 4:13 PM, Bold-Arrow said: Sears is now trading below 1$ https://money.cnn.com/2018/09/28/news/companies/sears-penny-stock/index.html A quote from the above article may explain why Sears is in touch with bankruptcy lawyers now: "Lampert [CEO of Sears Holdings] pointed to a $134 million debt payment due on October 15, and said the company must demonstrate to lenders by Monday [which was Oct. 1] that it has required levels of cash in reserve, which could itself prove difficult." If Sears misses that payment, then I think the end is most definitely in sight for the Amazon of the 19th and 20th century. I'm glad I used all my points a couple of weeks ago. My LEGO set was shipped to me with two boxes taped together (but the seams of the boxes were coming apart). I'm thankful the set wasn't crushed like some of you have seen. I wondered then, "What, they can't afford the correct sized box?" I guess not. How crazy is it that a company which made a name for itself via mail-order is being put out of business by a company which is known for mail-order. Ironically, Amazon recently started opening showrooms. How long until Amazon goes the way of Sears... 100 years? lol. Quote Link to comment Share on other sites More sharing options...
Bold-Arrow Posted October 12, 2018 Share Posted October 12, 2018 Bankruptcy appears imminent: https://www.cnn.com/2018/10/12/business/sears-bankruptcy/index.html Quote Link to comment Share on other sites More sharing options...
exracer327 Posted October 12, 2018 Share Posted October 12, 2018 (edited) Today I spent what free cash points I had left at my local Kmart. I found it interesting that LEGO prices were almost all marked up a few dollars, just like TRU used to do. If it were not for the free cash, I would not have bought anything. Kmart is currently running $20 free cash for $50 spent. I even saw one "clearance" LEGO item selling for $2 higher than you could buy it from LEGO and that was with a $2 mark down from what was regular the Kmart price. *facepalm* Thank you Brickpicker for helping me look that up while at the store. Edited October 12, 2018 by exracer327 Quote Link to comment Share on other sites More sharing options...
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