Keeping Current
Sears, Whirlpool Win $2M Windfall
A class-action lawsuit that resulted in a $4.7 million judgement against Whirlpool and Sears for making and selling defective washers has been reduced to...
Sears
news
Amazon-Kenmore Deal Portends Rough Seas For Sears … And The Appliance Biz
Alarm bells should have sounded throughout major appliancedom last month, when Sears Holdings found another retailer willing to sell its fading Kenmore brand of...
news
Sears To Sell Kenmore Major Appliances On Amazon
Sears will begin selling its Kenmore line of major appliances on Amazon, marking the first time Kenmore major appliances are sold by another retailer....
news
Sears Layoffs Included Online President Stephan Zoll, Shop Your Way SVP Eric Jaffe
Updated! Two top Sears Holdings executives whose functions are key to the retailer’s core multichannel shopping strategy were included in a corporate downsizing earlier...
news
Sears Opens Appliance/Mattress Specialty Store
Sears has opened a new-format specialty store devoted to appliances and mattresses. The freestanding showroom, located in Pharr, Texas, builds on the success of...
news
Sears Cutting 400 HQ Jobs
Sears said it will eliminate about 400 corporate positions as part of a $1.25 billion cost-cutting program. The headcount reduction mostly affects full-time employees...
news
Ex-Sears Canada CEO Mark Cohen Speaks Out On Eddie Lampert & Retail
Former Sears marketing chief and Sears Canada CEO Mark Cohen recently sat down with TheStreet for a wide-ranging discussion that touched on his former...
Keeping Current
More Store Closings Afoot For Sears
Sears, which has already closed 347 stores since last year, is about to add another 72 Sears and Kmart locations to the list. “Sears...
news
Sears’ Q1 Sales Tumble 20%
Sears Holdings said fiscal first-quarter revenue fell 20 percent in a vicious cycle of store closings and sales declines. The closings, which number 347...
Keeping Current
Sears Buys Itself Some Breathing Room
Sears Holdings has managed to ease more than $1 billion in looming debt repayments and pension obligations by refinancing a maturing loan and annuitizing...
Keeping Current
Sears Holdings Quietly Closing 30 More Stores
Without any formal announcement, Sears has added 30 more Kmart and Sears locations to its store closure list, bringing the planned total to 180...
Keeping Current
Sears CEO Eddie Lampert Puts Vendors On Notice
With this week’s lawsuit against a Craftsman tool supplier, Lampert is sending a warning to manufacturers that might consider cutting Sears off. “If only...
Blogs
We Are Fighting Like Hell!
The following is reposted with permission from Sears Holdings’ SHC Speaks blog page. The past year will be remembered as one of the most...
news
Sears’ Eddie Lampert Says Media Is Hindering Turnaround
Sears Holdings chairman, CEO and chief investor Eddie Lampert told the Chicago Tribune that undue press reports of a possible bankruptcy are diverting attention...
Keeping Current
Sears’ Lampert: We Have All The Customers We Need, Thanks
Sears Holdings chairman, CEO and chief investor Eddie Lampert told shareholders at yesterday’s annual company meeting that the retailer’s Shop Your Way loyalty program...
Keeping Current
Bloomberg Writes Sears’ Obit
Although Bloomberg’s pre-preemptive obituary may be a tad premature, the business news outlet incisively compares the impact of Sears’ early catalog days on a...
news
Sears’ Asset Sales Put It Back In Black; Gets Third CFO In A Year
Following a long string of quarterly losses, Sears Holdings expects to report a profit for its fiscal first quarter. In an update of its...
Keeping Current
Vendors Get Defensive Following Sears’ Distress Call
Manufacturers are taking added precautions to assure payment from Sears in the wake of the retailer’s insolvency warning this week. “Sears Holdings Corp’s (SHLD.O)...
news
Sears Comes To Terms With Its Own Mortality
Updated! Public companies are required by law to list in their quarterly filings all the things that can conceivably go wrong with their businesses....
news
Sears Slammed By Holiday Declines In Appliances And Tech
Sears Holdings said disciplined cost management and inventory control helped it offset a poor holiday season to deliver diminished fourth-quarter losses. Adjusted EBITDA (earnings...
Keeping Current
Sears Holdings To Trump Home: You’re Fired
Days after Nordstrom gave Ivanka Trump’s apparel line the boot, Sears Holdings seemingly followed suit by dropping the Trump Home collection. The home furnishings...
news
Sears Starts Restructuring
Sears Holdings today announced a series of cost-cutting measures that it said will save the company at least $1 billion a year. The initiatives...
news
Lampert Lending Sears More Cash
Sears Holdings chairman, CEO and majority shareholder Eddie Lampert is ponying up another $200 million to keep his company going. The cash comes in...
news
2016 Newsmakers of the Year: Holding On For Life
If there’s one word that sums up Eddie Lampert’s ongoing stewardship of Sears Holdings, it’s “commitment.” Frankly, many retail executives who have watched the...
Financial
Sears’ Losses Deepen Amid Sales Declines
Sears Holdings said lower sales and a host of ledger expenses led to wider losses in its fiscal third quarter. Net loss was $748...
news
Sears President And Services Chief Depart
Updated!Sears Holdings lost two senior-level execs last week. Joelle Maher left the company after 17 months as president/chief member officer of the Sears division,...
news
Sears Holding 2nd Members-Only Black Friday Sale
Sears’ “Shop Your Way” loyalty club members will get a second shot at the chain’s best holiday prices this Sunday. Following a three-hour private...
news
Sears & Kmart Black Friday Ads Leaked
If the latest leaks are to be believed, Sears and Kmart will both push Samsung TVs on Black Friday. According to ad-leak site BFAds.net,...
Keeping Current
Sears Planning More Appliance-Only Stores
At least two Sears stores, in Lynwood, Wash., and Paramus, N.J., along with their adjacent auto centers, will be converted into standalone appliance showrooms,...
Appliances
Sears Intros Patriotic Laundry Pair To Support Veterans
Sears is bringing back its Heroes at Home program for the holiday season to help support veterans and military families. As part of the...
Industry
Sears Promotes Jason Hollar To CFO
Sears Holdings has promoted a senior finance exec, Jason Hollar, to chief financial officer. He succeeds Robert Schriesheim, whose pending departure was announced last...
news
Sears Fires First Promotional Volley Of Holiday 2016
Sears is getting an early start on the holiday selling season — and looking to take consumers out of the market — with a...
news
CEO Eddie Lampert Looks To Ease Sears Fears
Sears Holdings chairman/CEO and majority shareholder Eddie Lampert took to the bully pulpit that is his corporate website yesterday to assure the financial and...
Keeping Current
Fitch Gives Sears Two More Years At Best
The Fitch ratings service said Sears faces a “significant default risk” within the next 12 to 24 months that will likely result in a...
Keeping Current
Sears Partners With Uber On Shop Your Way Loyalty Program
Members of Sears Holdings’ Shop Your Way loyalty and shopping rewards program can now earn points when they ride with Uber. Interestingly, Sears has...
news
More Kmart Closures A’Coming
Sears Holdings is about to pull the plug on 64 more Kmart stores, according to published reports, or about 8 percent of its remaining...
Keeping Current
Sears Takes Business Insider To Task For ‘Imminent Demise’ Report
Channeling Mark Twain, a Sears spokesman said the retail chain disagrees with Business Insider’s declaration of its imminent demise, which was based on a...
Financial
Sears’ Earnings Soured In Second Quarter
Sears Holdings reported another dour quarter. The retailer saw red in Q2 with a net loss of $395 million compared to net income of...
Keeping Current
Should You Buy a Sears Kenmore Elite TV?
Consumers Reports weighs in on the pros, the cons and the quirks of Sears’ new Kenmore-branded TVs. “We were intrigued when we heard that...
Keeping Current
Sears Canada President Leaving After Less Than A Year
Carrie Kirkman will be the second president to leave Sears’ Canadian spin-off in less than a year, following last August’s departure of former Sony,...
news
Sears To TWICE: Kmart’s A Key Asset
Sears Holdings has taken strong exception to a TWICE article, based on a published report, which questioned whether Kmart is in the process of...
news
Is Sears Preparing To Pull The Plug On Kmart?
Reports of Kmart’s impending demise are reaching a fever pitch. Sales associates who spoke to Business Insider believe the beleaguered chain is in the...