Nicholas Eckhart

Lands’ End CEO Steps Down, Won’t Have To Go To Lands’ End Anymore

When what your customers want are corduroys, sweaters, and the occasional work-appropriate dress, maybe trying to expand and attract more fashion-conscious customers was never going to work. Less than two years ago, Lands’ End, the retailer of preppy clothing and canvas tote bags that is not L.L. Bean, hired Federica Marchionni, the president of Dolce & Gabbana USA, to be its CEO with the goal of creating a “global lifestyle brand.” [More]

At Least 24 More Kmart Stores To Close By End Of 2016

Nicholas Eckhart

At the end of last week, employees at Kmart stores across the country received bad but not entirely unexpected news: their stores are closing by the end of 2016, and they will lose their jobs. We can confirm that dozens of locations in 11 states plan to close on or before Dec. 11, and will most likely add more locations to this list later today or later this week. [More]

Nicholas Eckhart

Moody’s Is Kind Of Worried About Sears Holdings, Especially Kmart

While Sears Holdings keeps trudging along its alleged “path to profitability,” Moody’s Investors Service has some doubts about the retailer’s prospects, and has downgraded its liquidity rating. That means that its analysts are concerned about the ability of Sears Holdings to keep its doors open and merchandise on the shelves. [More]

PepOmint

Online Shopping: Great For Rural People, Less Great For Delivery Services

More than a century ago, the Sears Roebuck catalog arrived in the mailboxes of rural Americans and changed their lives. It didn’t just make fine toilet paper: shoppers could order everything from clothing to guns to entire houses and have it delivered to their homes. Now online shopping has opened the world up even more to rural people, letting them buy food cheaper than local supermarkets and clothing that the Walmart a half-hour drive away doesn’t carry. [More]

Nicholas Eckhart

Lands’ End Partners Up With Amazon To Move Some Clothes

If you’re a retail business, and you want to sell your merchandise, you should go where the shoppers are, right? Lands’ End, the retailer of preppy clothing and canvas tote bags that is not L.L. Bean, is doing just that. While maintaining its own website and stores, most of which are inside the department stores of former parent company Sears, the company will begin selling some of its merchandise through Amazon’s new fashion section. [More]

Nicholas Eckhart

Kmart Holds ‘Grand Re-Opening’ For Millennial-Focused Illinois Store

What do millennials––a generation loosely defined as “anyone younger than Consumerist’s senior staff”––want from the physical stores that they still visit? Discount chain Kmart hopes to solve that mystery, re-opening an existing store near its headquarters as a “revitalized and refreshed” concept store intended to attract younger shoppers. [More]

Sears Bringing Paint Back To Store Shelves Nationwide

Sears Bringing Paint Back To Store Shelves Nationwide

Now that home improvement materials are selling like hot cakes, Sears is hoping it can capitalize on the DIY trend by selling paint for the first time in four years. [More]

Whirlpool Recalls 15K Microwaves After Reports Of Three Fires

Whirlpool Recalls 15K Microwaves After Reports Of Three Fires

Microwaves are supposed to heat up your leftovers or make popcorn, not catch fire. So after learning about a handful of Whirlpool microwaves going up in smoke and/or flames, the company says it will recall more than 15,000 of the kitchen appliances. [More]

As Sales Continue To Drop, Sears Borrows $300 Million From Its Own CEO

Scott Miller

As more shoppers go online — or turn to retailers that don’t feel like they’ve just given up — same-store sales at Sears and its corporate kin Kmart have continued to sink, leading the once-great department store chain to borrow $300 million from the hedge fund owned by none other than Sears Holdings CEO Eddie Lampert. [More]

Sears Trying New “Fashion-Forward” In-Store Concept

Sears Trying New “Fashion-Forward” In-Store Concept

Sears may be closing stores faster than we can keep up, but the once-great retailer is apparently not ready to throw up its hands and give up. The department store chain has embarked on yet another tactic it hopes will finally be able to drum up some sales, righting the sinking ship. The plan this time? Showcase foreign apparel brands with a store-within-a-store concept.

[More]

frankieleon

Best Buy Increasing Online Sales, Still Not Dead

A few years ago, it seemed like Best Buy was nothing more than a poorly decorated Amazon and Newegg showroom, and the business of big-box electronics stores was doomed. Sometimes, though, the popular wisdom isn’t true, and an electronics store that appears to be doomed can make a comeback. [More]

Nicholas Eckhart

JCPenney CEO: Macy’s & Sears Closures Are Pretty Great For Us

It’s kind of a no-brainer: when one company loses, its rivals stand to gain. And so it is for JCPenney, amid the turndown in traditional retail sales that’s causing Macy’s and Sears to close stores around the country.

[More]

Nicholas Eckhart

Why Are Home Depot & TJ Maxx Bringing In Customers Other Retailers Can’t?

With retailers like Macy’s, Kmart, Sears, and others closing dozens of stores year after year in a bid to boost their bottom line in the face of sluggish sales, you might think the retail world as a whole is struggling. While a number of big names have indeed seen better day, a few companies are bucking that trend. [More]

Colleen AF Venable

Barnes & Noble Decides New CEO ‘Was Not A Good Fit’

Barnes & Noble is ditching its CEO of about a year, Ronald Boire, saying in a statement today that he “was not a good fit for the organization” and that the company would begin their search for a new CEO immediately. [More]

scrappy

JCPenney Sales Increase Slightly, Still Losing Money

When higher-end department stores like Macy’s and even Nordstrom are struggling, it’s understandable that JCPenney might have another tough quarter trying to bring in new customers, get the ones it has to come in and spend more often, and find things to sell that customers can’t just go buy online instead. [More]

Raiders Of The Lost Walmart Will Administer Antibiotics To Your Windows Vista PC Now

Raiders Of The Lost Walmart Will Administer Antibiotics To Your Windows Vista PC Now

The Raiders of the Lost Walmart are the brave mall explorers who scour the nation’s clearance racks for the most comically overpriced retail antiquities. Here are some of their latest discoveries. [More]

Nicholas Eckhart

Kmart Realizes Maybe It Should Try Communicating With Its Own Employees

Last weekend, a story hit the Internet about the current fears of Kmart employees that they’re being asked to move all stock to the sales floor because the company is in slow-motion liquidation. The communications staff at Kmart’s parent company, Sears Holdings, realized that they had to do something when news outlets began sending them questons about the employees’ accounts. Maybe they also needed to communicate a little better with store employees. [More]

Nicholas Eckhart

Kmart: Stockroom Purges Are About Efficiency, Making Employees’ Jobs Easier

Kmart is not pleased with recent news reports about the chain’s imminent doom, and today posted a blog post of its own in response. The prediction of fearful employees that the chain is about to shut down is inaccurate, the chain’s leaders say, and the stockroom purges aren’t a first step toward liquidation. [More]