This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

If You Work For Sears, Quit and Find a New Job, NOW

Stocks in this article: SHLDAMZN

Brathwaite did this back in July:

And he did it again last weekend:

He's not alone in thinking that the media has blood on its hands for job loss or weak morale at Sears. I have received quite a few Tweets and emails from people associated with Sears (and some not) who share one or both of those sentiments.

For the record, Brathwaite made it clear to me he doesn't blame the media for Sears' struggles, but does take exception to what he considers unbalanced reporting that employees see and are emotionally impacted by.

Fair enough. But I still call complete and total 100% bull.

The second the media thinks it needs to spare the feelings of retail workers at horribly-managed businesses is the second these very same retail workers should organize mutinies against the executive suite. Because Sears deserves every single bit of criticism it receives. If we didn't hammer Sears, we would, in fact, be doing a disservice to hard-working employees who do not make executive-level salaries and enjoy the attendant perks.

In other words, when the media gets out of the business of exposing abject failure like we have seen at Sears, the media ceases to exist in any meaningful capacity.

Sears' management -- the guys who provide Chris Brathwaite with the complete crap he has to try to turn into respectable public communications -- has lacked vision, foresight and the will to act to such an extent it borders on the figuratively criminal. These guys have taken a national institution and run it into the ground. They have put the livelihoods, jobs and reputations of thousands of Sears' employees on the line; not the media that rightfully highlights their transgressions.

If you work for these people, I'm not sure how you can wake up in the morning and be happy about going to work. You have to do everything in your power to extract yourself from the situation. Because it's not going to end well.

Some Sears' employees -- most likely the ones not working on the ground in the stores -- can afford to hang around, manage the implosion, take a few months off when the death spiral completes and find other work.

That's not the case for many blue collar workers, who depend on their employers to provide sustainable employment. It's not as easy to hop around. You have less leverage. You have less opportunity. So if you're at Sears -- and you work in one of their stores -- don't hang your hat on hope of a transformation.

There's no reason for loyalty. Sears will dump you when it closes a store, even though you are not to blame for the downsizing.

Do whatever it is you need to do, personally, to position yourself to get the hell out. Once you properly protect and situate yourself and your family, run as fast as you possibly can and don't look back because, make no mistake, this ship is sinking and you probably don't deserve to go down with it.

3 of 5

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,827.75 +12.81 0.07%
S&P 500 2,072.83 +5.80 0.28%
NASDAQ 4,787.3170 +29.0650 0.61%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs