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Sears Store-Closing Count Ticks Higher
Hoffman Estates, Ill. — A widely cited report that tallied Sears’ latest round of store closures and layoffs was revised upward from last week....
Sears
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More Sears Closures Afoot: Report
UPDATED! Hoffman Estates, Ill. – Sears Holdings is reportedly in the process of closing more than 100 locations and pink-slipping almost 5,500 employees. The...
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Sears Raising More Cash
Hoffman Estates, Ill. — Sears is looking to raise up to $625 million through a rights offering, and will sublet space in seven Northeast...
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Consumer Cellular To Sell Into Target
Portland, Ore.– Cellular MVNO Consumer Cellular, which targets the 50-plus age group with no-contract postpaid service, will substantially expand its brick-and-mortar presence this week...
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Lampert Loans Sears $400M
Hoffman Estates, Ill. – Sears Holdings chairman/CEO Edward Lampert is lending the company $400 million for “general corporate purposes.” The short-term loan is provided...
Financial
Sears’ Woes Continue Amid Turnaround Efforts
Hoffman Estates, Ill. — Sears Holdings announced a half-billion net loss for its second quarter, ended Aug. 2, a result that chairman and CEO...
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Sears, Kmart Providing Cross-Store Pickups
Hoffman Estates, Ill. — Sears and Kmart customers can now pick up their online orders in-store at either chain. Parent company Sears Holdings said...
Financial
Sears Hometown Reports Lower Sales, Income
Hoffman Estates, Ill. — Sears Hometown and Outlet Stores reported lower net income and net sales in its fiscal first quarter, ended May 3,...
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Sears Testing Three ‘Connected’ Shops
Hoffman Estates, Ill. — Sears is now operating “Connected Solutions” pilot shops within three flagship stores in Illinois. The experiential shops, first reported here...
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Best Buy Targeting Sears Shoppers
Minneapolis – Best Buy is gunning for Sears customers this weekend with a unique Memorial Day promotion. Now through May 31 shoppers can receive...
Financial
Sears’ Q1 Losses Widen
Hoffman Estates, Ill. — Sears said the ongoing transformation of its business and weakness in CE contributed to deepening losses in the first quarter....
news
Sears Testing ‘Connected’ Shops, Will Close More Stores
Hoffman Estates, Ill. — Sears Holdings has opened a “connected living” shop within one of its flagship stores as it plans to continue closing...
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Sears Breaks Guinness Record In Super Tie-In
HOFFMAN ESTATES, ILL. — Sears Holdings heralded its marketing tie-in with this month’s release of “Man of Steel” by hosting the largest ever gathering...
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