Sears, Roebuck and Co. announced plans Monday to sell cosmetic brands normally found at the corner drugstore in 100 of its stores and on its web site. Get the full story »
Inside these posts: Sears
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Sears raises credit facility capacity to $3.275B
Sears Holdings Corp. said Friday that it increased the borrowing amount on its domestic revolving credit facility to $3.275 billion from $2.441 billion. Get the full story »
Sears, J. C. Penney among firms cutting Ill. jobs
From Crain’s Chicago Business | Hoffman Estates-based Sears Holdings Corp. is closing a St. Charles store and laying off workers, making the retailer one of six Illinois companies planning a total of 505 job cuts in coming months. Meanwhile, J.C. Penney Co. said it will close its store at Springhill Mall in West Dundee in June, leaving 139 employees without jobs.
Sears latest store chain to woo Amazon affiliates
Sears Holdings Corp. on Thursday invited sales affiliates worried about losing Amazon business to direct their online traffic to Sears.com. The Hoffman Estates-based company joins a growing chorus of other retailers looking to cash in on Amazon’s battle with state governments over collecting sales tax.
In an open letter written Thursday, Sears eCommerce President Imran Jooma said he wanted affiliates “around the country to know that you have a place with us.”
Amazon.com, the world’s largest online retailer, relies on a fleet of deal sites and other online portals to direct customers to Amazon.com. The affiliate websites typically send potential customers to Amazon’s website in exchange for a cut of sales. Get the full story »
Sears continues to struggle as 4Q profit sinks
Sears' same-store sales fell 1.2 percent at U.S. stores open at least one year. (AP Photo/Paul Sakuma)
Sears Holdings Corp.’s fourth-quarter profit fell 13 percent as the retailer continues to struggle with declining sales of appliances and apparel and its namesake Sears department stores.
In his annual letter to shareholders Thursday, Sears Chairman Edward Lampert called the financial results “unacceptable” and outlined a vision for the Hoffman Estates-based retailer operating smaller stores and expanding online. Get the full story »
Sears chooses new head of major business unit
Sears Holdings Corp. has named company executive Scott Freidheim executive vice president and president for Kenmore, Craftsman and DieHard — key brands for the retailer. The move comes after several other key personnel announcements at Hoffman Estates-based Sears, including a new chief of home fashions and another for grocery and pharmacy. Get the full story »
Sears shares gain on strong 4Q projections
Sears' flagship store on State Street in Chicago. (PRNewsFoto/Sears Holdings Corporation)
Sears Holdings Corp. projected fourth-quarter earnings that topped analysts’ expectations because of a lower tax rate, sending shares of the retailer higher.
However, the company also reported its domestic same-store sales declined during December due to continued weakness at its U.S. Sears stores, particularly in consumer electronics.
The retailer has struggled as it continues losing business to rivals and worries remain that consumers are keeping a tight grip on their wallets amid economic uncertainty and high unemployment. Get the full story »
Sears expects earnings to top Street
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 »
Sears still a tough sell 5 years after Kmart deal
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 »
Sears, Kmart stores to house uniform shops
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 »
Ancestry.com, Sears partner to archive catalogs
Curious about what the popular clothing items were back in Sears’ 1905 catalog, or how gadgets have changed over the past century. Well, Hoffman Estates-based Sears has partnered with Ancestry.com to archive the retailer’s fall and spring season catalogs from 1896 to 1993.
Sears 3Q loss widens on weaker sales
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 »
Legg Mason sells rest of Sears Holdings stake
Legg Mason Capital Management Inc. sold its remaining position in retailer Sears Holdings Corp. during the third quarter, according to a Monday filing with the Securities and Exchange Commission, ending the ownership of erstwhile Sears believer Bill Miller. Get the full story »
Sears drops offensive mousepad from online store
From CBS2 Chicago | Mousepads with controversial messages like “My kid had sex with your honor student” do not fall outside the guidelines of Sears’ online marketplace, but the company is pulling them anyway after complaints from at least one shopper.
Sears to open Craftsman store in River North
Sears Holdings Corp. is opening a Craftsman “experience” store in a River North loft building at 233 W. Huron Street, a block away from it’s Kenmore Live Studio. The move is part of the company’s strategy to sell the key brand through more channels. Earlier, it struck deal to sell Craftsman tools in about 100 Ace Hardware stores. Get the full story >>
