Search results for: sears

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]

Typhoon

Sears Settles With One Craftsman Supplier, Files New Lawsuit Against USA-Made Hand Tool Company

After resolving its contract dispute with one supplier for Craftsman tools, Sears Holdings has filed another lawsuit against another. The company claims that negative press coverage is leading its suppliers to demand early cancellation of contracts, or unreasonable terms. [More]

Nicholas Eckhart

Report: Sears Holdings Plans To Close 72 Stores, Mostly Kmart

Sears Holdings, the parent company of Sears and Kmart, doesn’t like articles about how many stores it’s closing. Instead, the company tries to limit news releases about its plans to local news outlets. The company reportedly plans to close 49 Kmart discount stores, 16 Sears department stores, and seven Sears Auto Centers. [More]

(Nicolas Eckhart)

Kmart Victim Of Second Hack Attack In Three Years

Even with fewer stores and sales floors full of boxes, Kmart is still an attractive target for ne’er-do-wells: The retailer has found itself on the receiving end of another hack attack, just three years after its last security breach. [More]

Nicholas Eckhart

Sears Could Stay Afloat… If It Had A Few Dozen More Tool Brands To Sell Off

Given all the doom and gloom headlines about Sears Holdings Corporation, you might be surprised to hear that the company turned a profit last quarter. Until you realize that the only reason Sears didn’t lose money is because it sold its once-beloved Craftsman tool brand to Stanley Black & Decker. [More]

Jason Mrachina

4 Things You Should Know About The Ongoing Retail Apocalypse

To say that the retail industry has been having a tough go of it in 2017 would be a huge understatement, what with scores of retailers shuttering stores or closing up completely. It’s already been a record-setting year for retail bankruptcies, and it’s not even halfway done. Sadly, the second half of 2017 doesn’t look any better. [More]

Michael A. Smith

Home Depot Helping To Speed Up Sears’ Death Spiral

Sears has been closing stores and selling off real estate to stave off its oft-predicted demise, but these closures and other financial decisions may also be hastening Sears’ end by turning annoyed shoppers into Home Depot customers. [More]

cookedphotos

Department Store Closures Are Just Getting Started, Says Real Estate Expert

Anchor store mainstays like Sears, Macy’s, and JCPenney have already been closing stores to cut costs and adapt to shoppers’ changing needs, but one prominent real estate analyst says this culling of department stores is far from over, and that even the most popular malls will likely end up with just one or two traditional anchor retailers. [More]

Kate Cox

Sears CEO Says Suppliers Are Taking Advantage Of “Dire Predictions” About Retailer

Eddie Lampert, the manifesto-writing chairman and CEO of Sears Holdings, really wishes that members of the media would quit reporting that his company is imminently doomed. Why? The news reports are causing problems in the retailer’s negotiations with its suppliers. [More]

Mike Mozart

Target Could Have Acquired Jet.com And Boxed, But Decided Not To

Recognizing that it needed to work on its e-commerce business, Walmart went on an acquisition spree, buying Jet.com and other existing businesses to build its online operations up very quickly. Target, it turns out, had the same opportunities to acquire its way into more robust online operations, but instead is sticking to basics and building its own online operations up. [More]

Mike Mozart

People Are Still Shopping At JCPenney… But Not For Clothes

JCPenney has been moving in on the appliance and home territory more associated with Sears or even Home Depot lately, which is helping the retailer. However, clothing sales are still JCP’s core business, and that’s proving to be a problem as shoppers simply don’t seem interesting in buying their clothes from Penney’s. [More]

Scott Miller

Sears CEO Eddie Lampert Wishes Everyone Would Stop Using The B-Word

Look, shoppers and members of the media. Eddie Lampert, the chairman, chief executive officer, and biggest shareholder in Sears Holdings Corporation, owner of Sears and Kmart, wants us to stop using the “B” word when talking about the company, because it spooks suppliers and shoppers. That word, of course, is “bankruptcy.” [More]