New York — The Anti-Defamation League’s National Consumer Technology Industry divisio
Portland, Ore. — MVNO Consumer Cellular, which targets the 50-plus age group with no-contract postpaid service, is expanding its selection in 739 Sears stores beginning in January.
The expansion includes new two new phones, expanded color options for two phones and new accessory kits, the MVNO said.
The product expansion is the MVNO’s third expansion in Sears stores in a little more than a year, the MVNO said.
This TWICE webinar, hosted by senior editor Alan Wolf, will take a look at what may be the hottest CE products at retail that will be sold during the all-important fourth quarter. Top technologies, market strategies and industry trends will be discussed with industry analysts and executives.
Hoffman Estates, Ill. – Sears Holdings CEO Lou D’Ambrosio is leaving the company on Feb. 2 to tend to family health matters, the retail chain announced.
He will be succeeded by Sears chairman and majority shareholder Edward Lampert.
D’Ambrosio, a former Avaya chief executive and Sears consultant, joined the struggling chain almost two years ago. He will remain on Sears’ board until May.
Sears Holdings announced Thursday that New York Mets player development VP Paul DePodesta has been elected to its board of directors.
For us baseball fans, DePodesta is best known for his stint as the assistant general manager for the Oakland A's under GM Billy Beane. Beane became fascinated by the young Harvard grad with an economics degree, who was toiling anonymously for the rival Cleveland Indians, after DePodesta sat in on trade talks between the two teams. Beane hired him away immediately.
Hoffman Estates, Ill. – Sears Hometown and Outlet Stores, which was spun off from Sears Holdings in September, said third-quarter profits rose 29 percent on strength in majaps and online sales.
The chain, run by former Sears interim president/CEO Bruce Johnson, is comprised of 1,237 independent and franchised small-format stores that variously sell hardware, tools, majaps, lawn and garden equipment, CE, and refurbished and discontinued merchandise.
Hoffman Estates, Ill. — Sears Holdings reported a deeper net loss and lower comp store sales for its Sears and Kmart operations in its fiscal third quarter, ended Oct. 27.
Net loss from continuing operations in the quarter was $498 million, compared with a $410 million loss in the prior year’s third quarter. Operating loss was $428 million in the third quarter, compared with the prior year’s $447 million.