Jan. 11 at 11:39 a.m.
Filed under:
Banking,
Retail
By Becky Yerak
Twenty-three Kmart stores in Illinois and three other markets are testing financial centers where shoppers can cash checks, pay bills, place money orders and transfer money.
“We’re looking at how to better utilize the real estate in our stores and to better serve our customers,” Kmart spokeswoman Shannelle Armstrong said.
Kmart’s pilot financial centers are staffed by company employees, she said. But Armstrong declined to comment on whether a bigger rollout is planned, or what the retailer has learned so far from its test. Get the full story »
Jan. 11 at 6:05 a.m.
Filed under:
Retail
By Associated Press
Sears Holdings Corp. expects its fourth-quarter and full-year adjusted earnings to top Wall Street’s expectations.
The results would be welcomed at the struggling retailer, which saw its third-quarter loss nearly double in part because of weak appliance and clothing sales at its namesake stores. Its shares rose $3.40, or 4.8 percent, to $74 in pre-market trading. Get the full story »
Dec. 22, 2010 at 6:41 a.m.
Filed under:
M&A,
Retail
New York Times News Service | This holiday season, Sears and Kmart, which merged in 2005, are pushing a single message: Buy with layaway, buy with coupons, buy now and pay later, buy with loyalty rewards points — but please, just buy.
Five years after the merger, Sears Holdings is beleaguered, with sales markedly worse than its competitors’. The company’s revenue dropped more than 10 percent from 2005 through 2009, the most recent full fiscal year. In the same time period, Wal-Mart’s sales rose almost 31 percent, Target’s more than 24 percent and Macy’s about 5 percent. Sales at J.C. Penney declined by about 6 percent. Get the full story »
Dec. 15, 2010 at 1:28 p.m.
Filed under:
Commercial real estate,
Real estate,
Retail
By Sandra M. Jones
Sears Holdings Corp. signed a deal with retailer Work ‘N Gear to operate uniforms shops inside Sears and Kmart stores.
The shops, called Scrubology, are range from 600 to 1,500 square feet and sell uniforms for healthcare professionals including doctors, nurses, veterinarians and lab technicians. Get the full story »
Nov. 18, 2010 at 5:39 a.m.
Filed under:
Earnings,
Retail
By Reuters
Sears Holdings Corp. reported a larger quarterly loss, citing tepid sales of apparel and appliances at its namesake department stores.
The company, which also operates Kmart discount stores, said its net loss widened to $218 million, or $1.98 a share, in the third quarter ended on Oct. 30 from $127 million, or $1.09 a share, a year earlier. Sales at the company, led by hedge fund manager Edward Lampert, fell about 5 percent to $9.68 billion. Get the full story »
Aug. 19, 2010 at 11:03 a.m.
Filed under:
Earnings,
Retail,
Updated
By Reuters
Most retail stocks were lower Thursday, with Sears Holdings Corp. shares down 7.6 percent to $62 after the department-store operator posted disappointing second-quarter results.
Sears reported a larger-than-expected second quarter loss early Thursday and that sales dropped by $93 million to $10.5 billion. Get the full story »
Aug. 3, 2010 at 1:58 p.m.
Filed under:
Retail
By Reuters
Discounter Kmart Corp. is touting more exclusive brands and stepping up its mobile marketing efforts to win over cautious U.S. shoppers in what’s shaping up to be a highly competitive back-to-school season.
The unit of Sears Holdings Corp., sporting everything from embellished jeans to candy-colored staplers this season, will offer several new exclusive brands, including apparel lines “Dream Out Loud with Selena Gomez,” “Bongo” and “Rebecca Bonbon” as it takes on rivals like Wal-Mart Stores Inc and Target Corp. Get the full story »
By Wailin Wong
Kmart is launching a new program where online reviews of video games will be displayed on store shelves, an initiative aimed at building ties between the chain’s online and in-store gaming fans.
Kmart, owned by Sears Holding Corp., announced the feature on its KmartGamer blog and in a live chat with gaming enthusiasts via Twitter. Get the full story »
June 22, 2010 at 8:15 a.m.
Filed under:
Consumer electronics,
Internet,
Media
By Reuters
Sears Holdings Corp. Tuesday became the latest retailer to partner with digital media company Sonic Solutions to sell movies and television shows through an online Web site. Under Sonic’s latest multiyear deal, the operator of Sears and Kmart stores has licensed Sonic’s RoxioNow platform to sell digital entertainment under the Sears and Kmart brand names. Get the full story »
Feb. 25, 2010 at 3:23 p.m.
Filed under:
Litigation,
Retail
Dow Jones Newswires | A federal judge Thursday ordered former Kmart Corp. chief executive Charles Conaway to pay more than $10 million in penalties for misleading investors about the retailer’s finances, the Detroit News reports on its Web site.
The penalties include repayment of a $5 million loan the company forgave, more than $2.6 million in interest on that loan and a $2.5 million civil penalty, U.S. Magistrate Judge Steven Pepe in Detroit wrote in his order. But Pepe rejected calls for an injunction barring Conaway from serving as a director or officer of another public company, saying that although Conway’s violations were “serious and clearly wrong,” they didn’t approach the “level of egregiousness found” in other cases brought by the U.S. Securities and Exchange Commission.
Get the full story »
