Nicholas Eckhart

Sears Holdings Cares More About Wall Street Than About Customers, And That’s Why It’s Doomed

Eddie Lampert, the manifesto-writing hedge fund manager who runs Sears Holdings, the company that owns Sears and Kmart, doesn’t understand retail. That’s isn’t always a bad thing in a manager: sometimes leaders with fresh perspective bring in fresh ideas. For Sears and Kmart, it’s meant over a decade of no investment in the company and the slowest liquidation and dismantling in retail history. [More]

Will

Sears Expanding DieHard Brand With Foray Into The Car Tire Business

After hinting that it would be exploring unnamed options for getting more out of some of its signature house brands, Sears has announced that it will be expanding DieHard’s reach in the automotive market by selling passenger-car tires under the brand. [More]

Mark Clifton

The 5 Meanest Quotes From Report On Sad State Of Sears

Last week, Sears all but admitted that it was looking to cast off the little that remains of its identity with the possible sell-off of its signature house brands Kenmore, DieHard, and Craftsman. What the heck happened to this once-great pillar of American retail? A number of industry insiders have their theories, and they aren’t pulling punches. [More]

PETA

Lands’ End, Eddie Bauer Deny PETA Accusations Of Using Down Ripped From Live Geese

If you yank the soft down feathers from the body of a goose that’s still alive, here’s the thing: the goose can grow that plumage back, and you can pluck it again. That’s apparently the inhumane practice on some poultry farms in China. A continuing investigation by People for the Ethical Treatment of Animals discovered live-plucking on farms linked to suppliers of well-known U.S. retailers Lands’ End, Eddie Bauer, L.L. Bean, Sears, and Amazon. [More]

Oversized Box From Sears Has Enough Room To Stash Preteen Daughter

Oversized Box From Sears Has Enough Room To Stash Preteen Daughter

Amazon was once notorious for shipping items in comically oversized boxes, an e-commerce phenomenon that we blame on mysterious employees called the Stupid Shipping Gang. We don’t hear about over-packaging from Amazon that much anymore, perhaps because the Stupid Shipping Gang has all moved on to jobs packaging e-commerce orders at Sears. [More]

JeepersMedia

Sears Looking To Make More Money Off Its Kenmore, Craftsman Brands, Won’t Say How

Sears Holding has a great idea: instead of relying on sales of washers, dryers, and tools, it’s going to work on a way to make more money from its trusty brands like Kenmore, Craftsman, and DieHard. As for exactly how it’s going to do that, Sears isn’t saying. [More]

frankieleon

Best Buy Defies Everyone’s Expectations, Is Mysteriously Not Dead

Over the last few years, Best Buy has taken the internet’s snide jokes about using its stores as an Amazon showroom, listened to them, and then stubbornly refused to go out of business. Best Buy calls its results this quarter “better than expected,” which is true, but their continuing existence is also “better than expected.” It’s the last national big-box electronics retailer standing, with $39.5 billion in revenue during the fiscal year that ended in January 2016 and growing online sales. [More]

SchuminWeb

What Are Shoppers Buying Since They Aren’t Buying Clothes?

It’s bleak out there for a clothing retailer, with sales slumping at many chains, leading some — American Apparel, Aeropostale, Pacsun, among others — to declare bankruptcy. So if we aren’t shopping for items to clad our bodies, what are we shopping for?

[More]

No, The Deals At Store Closing Sales Are Often Not That Great

No, The Deals At Store Closing Sales Are Often Not That Great

When the bright “store closing” signs go up outside of a store that’s being liquidated, that’s meant to attract shoppers in search of deals. The problem, though, is that liquidation sales mean first marking items up to their original retail price, then gradually lowering them, meaning that prices are higher than they were when the “liquidation” started. [More]

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]

Why Is JCPenney Trying To Be More Like Sears, When So Many Sears Stores Are Closing?

Mike Mozart

In a previous era, JCPenney and Sears competed against each other for sales in just about everything from apparel to appliances to towels and sheets. Gradually, the rivals’ paths diverged somewhat: JCPenney focused on clothing, while Sears lowered its price point to push its core business of tools and appliances. So why, with Sears in the process of closing so many of its stores, is JCPenney once again going head-to-head with its old nemesis by getting back into the appliance game? [More]

Are These The Final, Doomed Days Of The American Mall?

Nicholas Eckhart

Once upon a time, not terribly long ago, enclosed shopping malls were mammoth physical manifestations of the great American retail experience — just about everything you could want to buy all in the same sprawling building, anchored at various points by those glorious national department store chains. Then came the dramatic shift to big box stores, offering everything from TVs to hardware to clothing to groceries from one store, followed by the advent of online shopping, where all this shopping can be done in your undies and everything will be delivered to your door. One retail analyst says that recent underwhelming sales figures from Macy’s and other mall mainstays could indicate that many of these relics of the not so distant past are doomed. [More]

Mark Clifton

Sears Opening Smaller-Format Appliance Stores

Even though Sears is constantly adding underperforming stores to its list of closing locations, the once-great retailer isn’t ready for burial just yet. In an effort to focus on one of its core businesses, Sears is thinking small.

[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]

Nicholas Eckhart

Kmart And Sears Add Stores In MI, WV, IA, LA, WI, And GA To Closings List

Sears Holdings needs to make some cuts, and has been closing its stores in addition to taking on roommates and cutting back on corporate staff. In addition to the 50 or so store closings that Sears Holdings announced locally at the beginning of the year and the 78 store closings that the company announced two weeks ago, today the news broke that three additional Kmart stores will close in Georgia, Michigan, and West Virginia. [More]

Michael Dunn

RadioShack is importing its new CEO from Australia. Their original post-bankruptcy leader quit back in January, and the new president and chief executive officer will take over at the beginning of May. He previously worked at Target Australia (which, confusingly, is not affiliated with the U.S. retailer Target) and was in charge of e-commerce at Sears Canada. [Press Release] [Fortune]

Scott Miller

Report: Sears Would Need To Close Nearly Half Its Stores To Succeed

While last week’s announced closings of 78 Sears Holdings stores made headlines, the company has been quietly culling retail locations for years. But a new analysis of the department store sector concludes that Sears and other mall mainstays are far from finished with eliminating stores. [More]

Nicholas Eckhart

Sears Holdings Will Close Additional 68 Kmart Stores, 10 Sears Stores

In their recent rounds of store closings, Sears Holdings tried something new: they announced them to the stores’ local news outlets, but didn’t release a nationwide list of stores slated to close. We started compiling our own list based on local news stories and reader tips at the beginning of this year. Late Thursday, Sears Holdings announced an additional 78 store closings, and saved us some work by putting out a national list. Scheduled to close in this round are 65 Kmarts, 3 Super K stores, and ten Sears stores. [More]