Search results for: sears

Steven Swain

JCPenney’s Turnaround Has Gone 360 Degrees

JCPenney has tried so many turnarounds during this decade, it’s difficult to remember which direction the classic American department store brand is even supposed to be facing. As of now, it’s not headed in the direction of profitability, or paying down its debts. [More]

SounderBruce

Congratulations To Jeff Bezos, The New Richest Person In The World

For the first time since 2013, the world has a new richest person. Thanks to a rise in the value of Amazon stock, the company’s founder and CEO, Jeff Bezos, has taken the top spot on Bloomberg’s Billionaires Index from Microsoft founder Bill Gates. [More]

Which Major Retailers Sort Their Toy Departments By Gender?

Which Major Retailers Sort Their Toy Departments By Gender?

While some toy companies have been giving up on long-held preconceptions about gender-specific products in recent years, we were curious how this was affecting retailers, so we checked out a few of the big chains. Here’s how the major stores sort their toy departments so you can shop by your preference. [More]

Nicholas Eckhart

As Sears And Kmart Shrink, Amazon Grows

Earlier today, we shared the announcement that Amazon and Sears would be teaming up to sell Kenmore brand appliances, beginning with air conditioners. The retailers have more in common than you might think, though. [More]

Sears Begins To Sell Kenmore Brand Appliances On Amazon

Sears Begins To Sell Kenmore Brand Appliances On Amazon

Would you buy a Kenmore air conditioner, refrigerator, or dishwasher if you didn’t have to go to a Sears store, leave your house, or register for a Sears.com account? As part of its ongoing efforts to increase sales and make the most of its store brands, Sears Holdings, the parent company of Sears and Kmart, announced that it will be selling Kenmore appliances on Amazon, beginning with air conditioners. [More]

Mike Kalasnik

Sears Holdings CEO Lends Company Another $200M To Stay Afloat

As other retailers around it go out of business or reorganize, Sears Holdings, parent company of Kmart and Sears, is still in business somehow. Why? Those other chains don’t have what SHC does: A massive base of stores that it owns and can sell, and a CEO able to lend the company a few hundred million here and there. [More]

Sears Canada Lays Off Mike Myers’ Brother And 2,899 Other People Without Severance

Sears Canada Lays Off Mike Myers’ Brother And 2,899 Other People Without Severance

Not long ago, as Sears Canada (a separate company from Sears Holdings here in the United States) was struggling and closing a few stores, one longtime employee did something important for the company’s morale and good publicity. He asked his brother, comedian Mike Myers, to make a commercial for Sears Canada. Four years later, Peter Myers has been laid off with no severance. [More]

Mike Mozart

If The Deal Never Ends, Is It Really A Deal?

The thing about getting a good deal on something? It only feels special if it’s limited in some way — whether that means only a certain set of customers has access to it, or it’s only available for a window in time. To that end, some LensCrafters customers claim proffered discounts on prescription eyewear are bogus, accusing the chain of faking a regular/original price and then offering a so-called discount. [More]

Nicholas Eckhart

JCPenney To Revamp Loyalty Program, Make It Easier To Earn Rewards

If you’re a frequent shopper at JCPenney, listen up: The retailer is poised to debut a new, revamped loyalty program making it easier for customers to earn free stuff more quickly and more often, as the retailer seeks to pad its bottomline amid store closures. [More]

Nicholas Eckhart

43 More Sears And Kmart Stores Are Closing: Is Yours On The List?

Sears Holdings, parent company of Sears and Kmart, announced today that it plans to close down another 43 stores. As with previous rounds of closings, Kmart stores dominate the list, with 35 stores in 21 states set to turn their blue lights out forever. [More]

Ben Schumin

Mall Owners Try Makeovers To Attract Customers Back

Americans still go to malls, but they aren’t shopping as much as they used to. Mall landlords have been able to replace vacancies left by failing stores with everything from restaurants to supermarkets to rock climbing gyms. While these new tenants might be paying higher rents, this transition is coming at a significant cost to mall owners. [More]

Nicholas Eckhart

Report: Sears Closing 20 More Stores, Opening One

Sears Holdings Corporation, parent company of Sears and Kmart, has recently been on a store-closing spree, seeking to lower its expenses to escape a looming retail death spiral. Today, the company announced the opening of a new appliances and mattresses concept store, while also informing employees that the company plans to close another 20 Sears department stores. [More]

Jim and Tiffany Kelly

Retail Apocalypse Spreads North: Sears Canada Files For Bankruptcy

The same factors hurting department stores and Sears stores in particular are affecting retailers north of the Canadian border as well: Today Sears Canada announced that it’s applied for creditors protection, the equivalent of Chapter 11 bankruptcy, and plans to reorganize and shed some of its current stores. [More]

Google Maps

Why Is There A Kmart In Minneapolis That Blocks An Entire Street?

Lots of people and cities made terrible decisions in the ’70s. It was an era of traffic circles and jughandle exits, and a general “just put that building/highway wherever” attitude. Like the Kmart store in Minneapolis that was plopped down in the middle of what had been a main thoroughfare — an error that is only just beginning to (maybe) be remedied. [More]

eBay Tries To Remain Competitive With New Price-Match Guarantee

eBay Tries To Remain Competitive With New Price-Match Guarantee

As eBay has gradually shifted away from its heyday reputation as an online auction site, it’s had some trouble reminding everyday shoppers that it can still be a good place to get a deal. To promote this fact, eBay is now offering a guarantee — on some products — that it will match or beat prices found on Amazon, Walmart.com and other sites.  [More]

Nicholas Eckhart

As America’s Malls Wither, Medical Facilities Move In

If you’re looking to open a new medical facility — not just a couple of exam rooms and a reception area, but a proper clinic — you want something affordable, spacious, brightly lit, with good parking, and a central, convenient location. Thanks to the ongoing retail apocalypse, there are dead or dying malls around the country that fit this bill. [More]

Pete Kraynak

Sears Laying Off 400 Employees At HQ In Addition To Store Closures

Last week, we learned that Sears Holdings, parent company of Kmart and Sears, was planning to close a few dozen more stores as part of its ongoing “transformation” from a nationwide retailer into a handful of appliance showrooms and an online rewards points scheme. Today, the company announced more cuts among staff at its headquarters outside of Chicago, eliminating 400 positions. [More]

Nicholas Eckhart

Former Sears Executive: Retailer Has “No Capacity To Operate As A Successful Company”

If you want to know what’s happening with a company, talk to insiders — or with former insiders, who are free to talk on the record. Like, for example, a former Sears executive who is now unfettered in his ability to give his honest opinion of the once-great retailer (and the man who has been steering the ship toward apparent doom). [More]