Investors Want McDonald’s To Spin $20 Billion In Property Off Into Real Estate Investment Trust

Investors Want McDonald’s To Spin $20 Billion In Property Off Into Real Estate Investment Trust

While McDonald’s doesn’t own the majority of its restaurants, it does own tens of billions of dollars’ worth of the real estate where those restaurants operate, leasing them to franchisees. That’s a valuable asset, and the company is facing pressure from some investors to spin off its land and buildings into a separate, publicly traded McDonaldland. I mean, real estate investment trust. Which they should name McDonaldland. [More]

(JeepersMedia)

Sears Hires Experienced Consumer Appliance Executive To Run Hardlines, Maybe Sell Stuff

In a department or discount store, “hardlines” refers to tools, appliances, and furniture: the items that your parents still shop at Sears for, but that you don’t. Sears has hired a new executive in charge of their hardlines departments, which include the company’s three most important house brands: Kenmore appliances, Diehard automobile batteries, and Craftsman tools. [More]

Sears Holdings Reports First Profit Since 2012, Not From Actual Retailing

Sears Holdings Reports First Profit Since 2012, Not From Actual Retailing

We’ve had a longtime joke here at Consumerist that Sears Holdings isn’t actually a retail company, but an advanced anti-capitalist prank pretending to run a retail company. We expected the company to either turn things around or go out of business. What’s happening instead is something that some retail observers had predicted: the company is profitable for the first time in years, but only because it sold a few hundred million dollars’ worth of stores. [More]

Sears Is Hiring For Its Call Centers, Holds Job Fair In Alabama

Sears Is Hiring For Its Call Centers, Holds Job Fair In Alabama

It may surprise you to learn that Sears Holdings, a company that has been shedding jobs as it slims down its retail presence, is giving hope to people who are unemployed, but it’s true. The company is hiring for 100 new positions at its call center in Alabama, explaining that the closure of physical stores means that some of those sales shift online. [More]

Abercrombie & Fitch Agrees To End On-Call Scheduling

Abercrombie & Fitch Agrees To End On-Call Scheduling

Following in the footsteps of fellow retailer Victoria’s Secret, Abercrombie & Fitch announced that it will no longer use the on-call method of scheduling, which required workers to be available for a shift at a moment’s notice. Or, on the other hand, find out they’d be staying home for an upcoming shift, not getting paid. [More]

Sears Holdings Comparable-Store Sales Down More Than 10% In Last 3 Months

Sears Holdings Comparable-Store Sales Down More Than 10% In Last 3 Months

In all of our reporting on the recent woes of Sears Holdings, the real message is that we want Sears to stage a comeback and return to the retail greatness of decades past. Yet things don’t look very promising over at Sears HQ, and today the department store chain announced that its sales across comparable stores have fallen more than 10% in the last quarter. [More]

Walmart, Sears, Amazon & Other Retailers Agree Not To Sell Realistic-Looking Toy Guns In NY

Walmart, Sears, Amazon & Other Retailers Agree Not To Sell Realistic-Looking Toy Guns In NY

Almost eight months after New York Attorney General Eric Schneiderman sent cease-and-desist letters to several retailers including Amazon, Walmart, Sears and Kmart, those companies have agreed not to sell realistic-looking guns in the state. [More]

(Nicholas Eckhart)

Lands’ End Still Making Its Way After Divorce From Sears

The new CEO of Lands’ End, who came to the company from high fashion brand Dolce & Gabbana, wasn’t a customer of the company before she went to work there because she wanted their classic basics for her own wardrobe. No, she shopped there to get her kid’s school uniforms. Now she’s leading the company into its future after the divorce from Sears Holdings. [More]

Sears Hometown Wants To Remind You That They’re Still Here

Sears Hometown Wants To Remind You That They’re Still Here

Hello, person on Sears mailing lists! Did you know that, even though your local Sears store may have closed, there’s still a Sears nearby? It’s true, in the form of a Sears Hometown store. Please come visit. [More]

(Colleen AF Venable)

Barnes & Noble Shuts Down Third-Party Marketplace For Over A Week, Shrugs

Twenty years ago, you would not have been allowed to set up your own little kiosk in the accessories department at Walmart selling the same sunglasses at slightly lower prices. Yet that’s exactly what e-commerce sites let third-party sellers do, and it usually works smoothly for everyone. Unless you’re a seller on Barnes & Noble’s Marketplace site, which shut down with no warning more than a week ago. Sellers are still locked out. [More]

Sears-Affiliated Real Estate Investment Trust Raises $1.6 Billion

Sears-Affiliated Real Estate Investment Trust Raises $1.6 Billion

If you’ve always secretly wanted to be the partial landlord of a Sears or Kmart store, you have some unusual and specific life goals. You can also achieve your goal as of this week. The real estate investment trust spun off from Sears Holdings, Seritage Growth Properties, is now selling shares to the public, and the offering has been successful so far, raising more than $1.6 billion. [More]

(Adam Fagen)

Victoria’s Secret Plans To End On-Call Scheduling

Employees at Victoria’s Secret will no longer have to call in to find out if they’ll be hawking lotions, perfumes, bras, underwear and other products on any given day, as the company plans to end its use of on-call scheduling. [More]

(Jeff Kubina)

America’s Biggest Companies React To SCOTUS’ Same-Sex Marriage Ruling

While it might not seem like there’s a direct link to same sex marriage and our country’s biggest businesses, even before the Supreme Court of the United States ruled today that marriage is a constitutional right for any American, many major companies came out in support of same-sex marriage, saying those rights help them do business better. Today, some of those companies — and more — spoke out in celebration of the landmark ruling. [More]

Not a toy car.

Warner Bros. Ditching Certain ‘Dukes Of Hazzard’ Toy Cars Amidst Confederate Battle Flag Controversy

Joining retailers like Walmart, Amazon, eBay, Etsy and Sears in ditching products that feature the Confederate battle flag, the studio that holds the consumer license for images of the iconic car from The Dukes of Hazzard says it won’t sanction the manufacturing of any products that feature the flag known as the rebel banner. [More]

Amazon, eBay And Etsy Join List Of Retailers That Have Removed Confederate Battle Flag Items From Their Stores

Amazon, eBay And Etsy Join List Of Retailers That Have Removed Confederate Battle Flag Items From Their Stores

Amazon, eBay and Etsy have joined fellow retailers Walmart and Sears in announcing that they’ve removed all merchandise featuring the Confederate battle flag from their stores. [More]

(SchuminWeb)

Walmart Pulls All Confederate Battle Flag Merchandise From Its Stores

UPDATE: Amazon, eBay and Etsy have followed the lead of Walmart and Sears and have removed the rebel flags from their sites as well. [More]

Sears Leadership Still Convinced That Rewards Program Will Save The Company

Sears Leadership Still Convinced That Rewards Program Will Save The Company

Shop Your Way Rewards is not a difficult program to join. The process consists of giving your e-mail address to a cashier at Sears or Kmart, and…that’s pretty much it. It doesn’t cost anything. Yet the leadership of Sears Holdings Corporation remains fixed on the program and the idea of having “members” rather than customers, and we still can’t figure out why. [More]

June Recall Roundup: Melting Mason Jars And Phantom Ovens

June Recall Roundup: Melting Mason Jars And Phantom Ovens

In this month’s Recall Roundup for consumer goods, a laptop battery recall expands, mason jar night lights melt, and a friendly toy policeman is not as friendly as he initially appears to be. [More]