Raiders Of The Lost Walmart Uncover Ancient Memory Stick At Sears

Raiders Of The Lost Walmart Uncover Ancient Memory Stick At Sears

A “memory stick” sounds like some kind of fascinating tribal artifact, perhaps a staff that elders hold while telling ancient legends. In electronics, of course, it was a revolutionary flash storage device from the late ’90s that made taking digital photos cheaper and easier, eliminating the need to attach a floppy drive to your digital camera. Unless, of course, you’re Sears. [More]

(Richie Diesterheft)

Sears Will Close Its Oldest Operating Store, Which Opened In Chicago In 1925

Corporate cutbacks mean losing company history, and the next store on Sears Holdings’ closing list is historic: having opened in 1925, it’s the oldest still-operating store in the chain. The store, which is in Chicago’s Ravenswood neighborhood, will begin its liquidation sale in two weeks, on May 19, and will ultimately close in August. [More]

Sears Delivers Filthy Oven, Has No Idea Why

Sears Delivers Filthy Oven, Has No Idea Why

A woman who loves to bake for her family saved for two years to buy a new built-in convection oven. Sears delivered it, and then she had to wait a few weeks to have it installed. That’s when she discovered a problem: what was supposed to be a new oven was full of baked-on filth and even grime on the glass. Sears says that this shouldn’t be possible, yet somehow it happened. [More]

Sears Holdings Plans At Least 4 More Kmart Store Closures In May

Nicholas Eckhart

After a tough year of losing half a billion dollars less than they did in 2014, Sears Holdings, parent company of Sears and Kmart, announced plans to close about 50 stores in the coming months. What the company no longer does is send out big announcements with lists of stores slated for closure, instead submitting local closings to local news outlets. That’s cool, but we’re a national news outlet that likes to pay attention to national trends, so we compiled a list for anyone who is interested. [More]

Sears Loses $580 Million In Last Quarter Of 2015, Still Working On That ‘Transformation’ Thing

Sears Loses $580 Million In Last Quarter Of 2015, Still Working On That ‘Transformation’ Thing

Earlier this week, we received an email from a reader with a tip for our Sears and Kmart store closings list. We checked it out and learned that her local Sears store was actually staying open, which took her by surprise. “It sure looked like that part of the mall was being taken down,” she wrote, relieved, mirroring many shoppers’ reactions to the continued existence of Sears and Kmart as a company. [More]

Will

Stock Analyst: Sears Is No Longer ‘Viable As A Retailer’

You might not realize it when looking at our coverage, but we aren’t cheering for Kmart and Sears, the stores of Sears Holdings, to go out of business. The company’s continued survival is impressive, and sort of a surprise, but one stock analyst thinks that the company won’t survive without doing something drastic. [More]

(JeepersMedia)

Sears Holdings To Accelerate, Expand Planned Store Closings

The only bit of good news in the most recent financial report from Sears Holdings, parent company of Sears and Kmart, is that the sibling stores had better sales during the holiday season than last year, and not just because they kicked off Christmas in mid-September. Unfortunately, the news isn’t very good other than that: the company is still losing money in its retail business, and plans to speed up its planned store closings. [More]

Why Are So Many People Reporting Kenmore Oven Door Explosions?

Why Are So Many People Reporting Kenmore Oven Door Explosions?

Let’s start by pointing out the obvious: oven doors are not supposed to explode. They’re supposed to keep hot air in while letting us view the food cooking inside. Yet hundreds of customers with Kenmore ovens have reported shattered doors to retailer Sears, and Sears and the Consumer Products Safety Commission have reacted with a collective shrug. Past one year, issues like this are officially the customer’s problem. [More]

Nicholas Eckhart

If Kmart And Sears Stores Close Without A National Press Release, Does Anyone Notice?

Last week, department store chain Macy’s announced its holiday season results and its plans to close 40 stores in the coming months. Shoe retailer Finish Line announced plans to close 150 stores by the year 2020. Yet what you never hear about in the national news anymore is how many stores Sears Holdings, corporate parent of Sears and Kmart, is planning to close, even as they continue to shut down underperforming stores. [More]

Sears Holds Members-Only Holiday Season Sale, Welcomes Anyone

Sears Holds Members-Only Holiday Season Sale, Welcomes Anyone

For a while now, we’ve found something kind of confusing about communications that come from the parent company of Sears and Kmart, Sears Holdings. They refer to their customers as “members,” even though they are not a warehouse club and anyone can shop there. This holiday season, though, they’ve arranged a special members-only event: an exclusive sale the Sunday before Thanksgiving. [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 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]

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 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 To Sell $300 Million In Property To Joint Venture With Mall Owner Macerich

Sears To Sell $300 Million In Property To Joint Venture With Mall Owner Macerich

A few weeks ago, Sears Holdings announced that it would be starting a joint venture with mall operator Simon Properties. This new company would buy Sears stores, then lease them back to the company in an effort to raise some quick cash and keep the company’s retail operations retailing. Now Sears has announced a similar deal with another mall owner, Macerich Properties. [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]

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]