Search results for: sears

Will

Police: Man Hid In Sears Store At Closing Time, Tried To Steal $830K In Jewelry

At closing time in any store, you want to make sure that no one is hiding out inside, planning to pull off a heist once all of the employees have left. That never really happens, though, right? A man in suburban Maryland is accused of hiding in a Sears, then smashing jewelry display cases with a hammer and stealing their contents. [More]

Nicholas Eckhart

Here’s How CEO Eddie Lampert Could Survive A Sears Bankruptcy Just Fine

Edward S. Lampert is the manifesto-writing chairman, CEO, and biggest shareholder of Sears Holdings. Lampert’s hedge fund keeps lending the flailing retailer money, but if the parent company of Sears and Kmart doesn’t manage to escape its death spiral, Lampert won’t lose everything. [More]

Scott Miller

Sears Changes Its Tune: No, We’re Totally Not Doomed

After being refreshingly candid in its annual report, admitting that there is a lot of “doubt” about its ability to remain afloat in the long run, Sears Holdings is now doing an about-face, with its chief financial officer assigned to handle damage control. Get your “Sears Holdings Corporate Announcement Bingo card” ready. [More]

Mike Mozart

Payless Reportedly Looking To File For Bankruptcy, Possibly Next Week

There are certain givens when it comes to mall shopping: There’s always parking at Sears, and there’s a darn good chance you’ll find a Payless Shoesource store. However, the discount footwear retailer could see its roster of 4,000 locations slashed if reports of an impending bankruptcy filing are to be believed.
[More]

Nicholas Eckhart

Sears Holdings Admits: Yep, We’re Probably Doomed

Like a chess player who realizes their only chance of not losing is a tornado that whisks the table away, Sears Holdings is now making it clear to investors that there’s a good chance the company won’t be around much longer. [More]

Ben Schumin

Investors Betting That Mall Owners Will Default On Mortgages

Nearly a decade ago, some investors scored big payouts by predicting that the housing boom’s glut of mortgage-backed securities would turn out to be toxic. Now there are investors betting on the hope that more mall owners will soon be letting their properties go into foreclosure. [More]

JCPenney Goes For Sears’ Jugular With Expanded Home Services

JCPenney Goes For Sears’ Jugular With Expanded Home Services

With questions arising about Sears’ ability to make it through another year without borrowing even more money from its own CEO, JCPenney has been quietly expanding its business to be more like the Sears of old, selling appliances and even heating/air-conditioning systems. Today, JCP went even further in its apparent efforts to kick Sears while it’s down. [More]

Nicholas Eckhart

Sears CEO Tells Employees Things Look Great After Losing $2.2 Billion In 2016

Years ago, Sears Holdings chairman Eddie Lampert came to our attention by publishing a 15-page manifesto about pretty much everything. Since then, Lampert has taken on the job of CEO, despite not having any experience in the retail business and having what at times seems like an active dislike of the retail business. He periodically issues mini-manifestos for employees and for the public about how everything is fine, and published another this morning. [More]

Great Beyond

Why Are Malls Trying To Fill Empty Spaces With Supermarkets?

To stay viable into the future, malls need to find tenants with businesses that are difficult or impossible to move online. That includes things like parties, doctors’ offices, and a wider variety of restaurants, some of them inside already existing stores. Another business that could fit nicely into a vacant mall anchor slot: a grocery store [More]

Mike Mozart

JCPenney To Bring Appliances To 100 More Stores, Add Brands

While JCPenney recently announced plans to close more than 130 stores and offer early retirement to employees to cut its staff, the department store chain also has some good news. It is expanding appliance showrooms to an additional 100 stores for a total of 600, and adding more brands to its offerings. [More]

cookedphotos

Maybe Emptier Stores Mean Higher Customer Satisfaction?

Most retailers are having trouble bringing in foot traffic, leading once-steady brands like JCPenney, Sears, and Macy’s to shutter large swaths of stores. Yet, those customers who continue to shop at brick-and-mortar retailers appear to be happier about the experience. [More]

Sears’ Empty Sales Floors May Be Turning Customers Off

Sears’ Empty Sales Floors May Be Turning Customers Off

It should be pretty easy to tell a fully operational department store from one that it is closing down, but some Sears shoppers have found that their local store is not doing much to alleviate concerns about the company’s death spiral. [More]

Daniel Oines

hhgregg Reportedly Considering Bankruptcy, Other “Strategic Initiatives”

Appliance and electronics retailer (and lower-case letter enthusiast) hhgregg has been in trouble financially for a while now, having lost money in each of the last 13 quarters. While the company is trying to avoid a bankruptcy filing, maybe you should dig out any gift cards that you have and use them now. [More]

Nicholas Eckhart

JCPenney To Close 130 to 140 Stores Over Next Few Months

This morning, JCPenney revealed plans to shutter more than 100 stores, putting it in the unwelcome company of other anchor store stalwarts — like Sears and Macy’s — who have recently begun paring down their retail footprint. [More]

Scott Miller

Sears Lays Off 130 Corporate Employees, Still Hoping To Escape Death Spiral

Sears Holdings, the parent company of Sears and Kmart, had a pretty bad year in 2016. The duo of once-mighty retailers is now locked in a death spiral, selling its real estate, its own iconic brands, and closing stores to stay afloat. And now Sears Holdings is laying off 130 corporate employees. [More]

Sears

Sears Tries Combining DieHard Brand With Auto Centers

Last year, Sears Holdings announced that it would begin looking for new ways to extract money from its best-known store brands: Kenmore, Craftsman, and DieHard. So far, its efforts have included Kenmore televisions, DieHard tires, and selling the entire Craftsman brand. Now it’s lending the DieHard name to a new version of its Auto Center. [More]

The Caldor Rainbow

Macy’s Will Add 34 More Stores To The Garbage Heap “Over The Next Few Years”

Just last month, Macy’s announced that it would be shutting down 68 stores across the country. Today, the retailer clarified its previously disclosed plans to eventually close a total of around 100 locations by confirming that 34 Macy’s stores will be tossed on the garbage pile “over the next few years.” [More]

Jeepers Media

Sears, Kmart Dropping 31 Trump Home Items From Online Stores

Last week saw multiple retailers either dropping or de-emphasizing Ivanka Trump-branded products in their stores, and now two more chains are stepping back from the family name: Sears Holdings announced over the weekend that Kmart and Sears are pulling 31 Trump Home branded products from their online stores. [More]