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]

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]

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]

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]

Sears Shareholders Sue, Claim CEO Is Stripping Company For Parts

Sears Shareholders Sue, Claim CEO Is Stripping Company For Parts

For many years here at Consumerist, we developed a theory that the venerable department store Sears was secretly a vast anti-capitalist prank, which actively avoided selling merchandise. Its goal was something else: perhaps waiting for the retail real estate market to turn around and cash in the land and buildings that it owns. A group of Sears Holdings shareholders are starting to think the same thing, and they’ve filed a lawsuit against the company and its manifesto-writing CEO, Eddie Lampert. [More]

Sears Says Clothing Brand Breakup With Kardashians Was Mutual

Sears Says Clothing Brand Breakup With Kardashians Was Mutual

Earlier this week, we sort of paid attention to celebrity news when we heard that the famous Kardashian sisters were ending their clothing line partnership with Sears because they didn’t want to be associated with the brand. That’s not so, Sears representatives said today: their split with the reality television stars was mutual. [More]

(markheybo)

Sears Announces Final Two Stores They’ll Be Sharing With Primark

Last year, as part of their “taking on roommates” strategy of keeping their doors open, Sears announced that they were leasing parts of seven stores to Primark, a clothing retailer out of Ireland. Sears has finally named all seven of the stores where Primark will be moving in. All seven are in the Northeast. [More]

Sears Pension Fund Requires Cash Infusions From Sears

Sears Pension Fund Requires Cash Infusions From Sears

Sears really didn’t need any more problems, financial or otherwise. Yet the company does have a problem that doesn’t involve its loss of $1.7 billion last year, run-down stores, fleeing customers, and alleged problems with suppliers? The company’s employee pension plan also isn’t doing very well, which has been another drain on the company’s finances. [More]

(JeepersMedia)

Sears Teams Up With Simon Property Group To Generate $114M In Revenue

As Sears continues to shake out all its piggy banks and check under every single couch cushion it has for spare change, the retailer chain is also looking to outside sources to help it raise some revenue. The company has teamed up with mall king Simon Property Group to create a new company that will bring in $114 million extra for Sears, money it sorely needs. [More]

Sears Promises Early Payment To Vendors, Ties Up Cash Flow

Sears Promises Early Payment To Vendors, Ties Up Cash Flow

While Sears struggles to get customers into its stores and lost $1.7 billion last year, the retailer is also encountering problems in keeping its shelves stocked with merchandise. The company’s vendors are reportedly nervous to ship to the retailer given its poor financial results and touchy cash flow situation. Vendors are asking Sears to pay their bills sooner in exchange for a discount. This ties up tens of millions of extra dollars’ worth of capital up at a time. [More]

March Recall Roundup – Plummeting Chandeliers And Ceiling Fans

March Recall Roundup – Plummeting Chandeliers And Ceiling Fans

In this month’s Recall Roundup for non-edible items, fans and chandeliers might plummet from the ceiling, handlebars on kids’ bikes and amphibious vehicles for grown-ups fall apart, and cocktail glasses shatter for no reason. Also, there are 40,000 portable heaters out there that could spray hot oil on their owners at any time. [More]

(Belinda Hankins Miller)

The Best & Worst Store-Brand Deals At Lowe’s, Home Depot & Sears

Need to buy a snowblower, light bulbs, and some paint? You might figure, “Oh, I’ll just head to Home Depot (or Lowe’s, or Sears) and get it all done in the same trip.” But just because these stores all offer one-stop shopping for most home goods, price and quality of store-brand and private label products can vary greatly depending on the retailer. [More]

(Scott Miller)

Credit-Swap Traders Think Sears Will Fail In The Next Year

Credit default swaps are a confusing concept, since some forms resemble gambling on the failure of a company without even owning any stock in it. As a consumer, especially if you’re someone who likes to shop at Sears, you should know that now that Radio Shack has declared bankruptcy, the hot retailer that credit swap traders are betting will fail is Sears. [More]

Sears Canada Offers Criticism Of Target Canada, Discount And Jobs To Workers

Sears Canada Offers Criticism Of Target Canada, Discount And Jobs To Workers

Last week, Target announced that it is fleeing Canada, giving up on its ill-fated expansion and closing all 133 of its poorly-stocked stores that nobody wants to shop in. An unlikely source has publicly offered support to Target employees who are about to lose their jobs: quasi-competitor Sears Canada. [More]

Sears To Close Parts Distribution Center In Dallas, Lay Off 77

Sears To Close Parts Distribution Center In Dallas, Lay Off 77

The new year has barely started, but it’s already time to shed a few more tears for Sears. The American retailing legend is trying to stage a comeback as a place where Americans are willing to shop again. Part of that comeback is shedding stores and facilities that it no longer needs. It’s time to add facility to that list: a parts distribution center in Dallas that employs 77 people. [More]

(Nicholas Eckhart)

Clothing Company Sues Sears Claiming It Routinely Canceled Orders, Then Refused To Pay

When you’re a company that’s struggling not to lose customers and you’ve been trying to build yourself up to some semblance of your formal glory, everything matters and any negative news isn’t going to help. Sound the pity horn if you have one, because there’s yet more bad news for Sears: One of its suppliers is suing the company, saying Sears would “routinely and deliberately” cancel already placed orders and then refuse to accept delivery or pay up. [More]

(Molly)

Is In-Store Pickup Any Faster Than Just Shopping At The Store?

For years, an increasing number of retailers have been pushing their “buy online, pickup in store” (BOPIS, for all you acronym lovers) option as a expedient option that offers the convenience of online shopping without the hassle of having to search the aisles. But is it really any faster than traditional bricks-and-mortar shopping? [More]

Sears Offers 30% Discount On Replacement For Defective Dishwasher, Then Forgets

Sears Offers 30% Discount On Replacement For Defective Dishwasher, Then Forgets

A man in New Jersey had the wacky idea that buying a dishwasher meant that he would end up with a working dishwasher. Instead, he ended up with one that he says broke in the same way four times in four years. Sears offered him a 30% refund on a replacement appliance, if he purchased from Sears. Naturally, Sears forgot about this offer once he actually brought the dishwasher. [More]