Search results for: sears

Nicholas Eckhart

JCPenney To Close 130 to 140 Stores Over Next Few Months

This morning, JCPenney revealed plans to shutter more than 100 stores, putting it in the unwelcome company of other anchor store stalwarts — like Sears and Macy’s — who have recently begun paring down their retail footprint. [More]

Scott Miller

Sears Lays Off 130 Corporate Employees, Still Hoping To Escape Death Spiral

Sears Holdings, the parent company of Sears and Kmart, had a pretty bad year in 2016. The duo of once-mighty retailers is now locked in a death spiral, selling its real estate, its own iconic brands, and closing stores to stay afloat. And now Sears Holdings is laying off 130 corporate employees. [More]

Sears

Sears Tries Combining DieHard Brand With Auto Centers

Last year, Sears Holdings announced that it would begin looking for new ways to extract money from its best-known store brands: Kenmore, Craftsman, and DieHard. So far, its efforts have included Kenmore televisions, DieHard tires, and selling the entire Craftsman brand. Now it’s lending the DieHard name to a new version of its Auto Center. [More]

The Caldor Rainbow

Macy’s Will Add 34 More Stores To The Garbage Heap “Over The Next Few Years”

Just last month, Macy’s announced that it would be shutting down 68 stores across the country. Today, the retailer clarified its previously disclosed plans to eventually close a total of around 100 locations by confirming that 34 Macy’s stores will be tossed on the garbage pile “over the next few years.” [More]

Jeepers Media

Sears, Kmart Dropping 31 Trump Home Items From Online Stores

Last week saw multiple retailers either dropping or de-emphasizing Ivanka Trump-branded products in their stores, and now two more chains are stepping back from the family name: Sears Holdings announced over the weekend that Kmart and Sears are pulling 31 Trump Home branded products from their online stores. [More]

Mike Mozart

Report: Payless Looking To Reduce Its Footprint, Close 1,000 Stores

Payless, the ubiquitous discount shoe retailer with more than 4,400 stores in 30 countries, is reportedly looking to cut back on its ubiquity. Just like just about every other retailer in your local mall, especially the ones that sell clothing, the company has too many stores and too much debt. [More]

JeepersMedia

Sears Holdings Outlines New Plan To Escape Death Spiral

Everyone except chairman and CEO Eddie Lampert thinks that Sears Holdings is in an inescapable death spiral, as the company sells its brands and real estate and lays off employees. Today, the company outlined plans for the near future that are more of the same: selling more real estate, selling off more key Sears brands, and depending on the Shop Your Way rewards program and e-commerce when the customers it still has aren’t especially interested in either. [More]

Mike Mozart

BCBG Max Azria Closing 120 Stores, Reportedly Looking At Bankruptcy Options

Following a trend set by Macy’s, Wet SealThe Limited, and others, mall mainstay BCBG Max Azria plans to close 120 stores at shopping centers around the country, and may file for bankruptcy protection. [More]

Scott Miller

Time Running Out For Sears To Figure Way Out Of Death Spiral

For quite some time, Sears has managed to stay afloat by selling off real estate and brands, closing stores, and borrowing huge piles of cash from its CEO, which is not exactly a plan for long-term sustainability. If that all weren’t grim enough, now comes news that raises even more doubt about the future of this once-great retailer. [More]

Stewart Butterfield

Malls Using Empty Spaces To Get Into The Party Venue Business

Maybe you’re horrified by the idea of getting married or having your family reunion inside a mall, but the huge spaces left vacant by the recent spate of store closures may just be the perfect venue for your next big party. [More]

jakerome

Where Do Customers Go When Their Department Store Closes?

This year, more than 150 locations for Macy’s and Kmart will close their doors forever. When these stores shut down, where do their former customers take their business? [More]

(Nicolas Eckhart)

Kmart Lays Off More Employees, Turns Sales Floor Into Big Pile Of Boxes

The apparent inescapable death spiral of Sears continued last week when the retailer laid off an unspecified number of full-time employees from its Kmart stores. [More]

Eric Hauser

Samsung “Smart” Camera Is Ridiculously Hackable

A security camera in your house, that you can access remotely, might seem like a good idea at first. You can log into it from anywhere, to see what’s going on and if it really was the cat who opened your kitchen cabinets every day last week. But the problem with a thing you can access remotely is that a sufficiently determined bad actor can, too. And sometimes it doesn’t even take much determination to do. [More]

JeepersMedia

7 Things We Learned About Sears Holdings’ Apparent Death Spiral

According to Eddie Lampert, CEO and Chairman of Sears Holdings, the company is in the middle of a “transformation” into a profitable enterprise that integrates online and offline retail. Yet everyone from former high-ranking executives to anyone who has ever set foot in a Kmart says the retailer is in an inescapable death spiral. [More]

Phillip Pessar

The Limited Confirms It Will Shut Down All Remaining Brick-And-Mortar Stores Jan. 8

Following the news of major store closing by fellow retailers Sears, Kmart, and Macy’s, the retail carnage continues with The Limited. After weeks of having liquidation and store-closing sales without admitting its demise, the retailer has finally confirmed it will shutter all of its remaining physical stores on Sunday, Jan. 8, and exist henceforth as an online-only merchant. [More]

Van Swearingen

Craftsman Tool Lovers Worried For Brand After $900M Sale To Black & Decker

In a bid to keep its sinking retail ship afloat, Sears on Thursday announced the sale of its iconic tool brand Craftsman to Black & Decker for a mere $900 million. But with the change of hands, many stalwart Craftsman lovers aren’t sure if they’ll be sticking with the brand in the future. [More]

Nick Papakyriazis

Here Are All Of The Kmart, Sears, And Macy’s Stores Closing This Spring

It’s shaping up to be quite a depressing spring for a few retailers, after Sears Holdings announced it would be shutting down 150 Kmart and Sears stores in the next few months, and Macy’s notifying customers that 68 stores would close. Here is the list of all the stores that will be turning off the lights for good, where they are, and when they’re closing. [More]

Ted Murphy

Sears To Sell Craftsman Brand To Black & Decker For $900M

Sears isn’t just trying to stave off the grim reaper by closing stores and borrowing hundreds of millions of dollars from CEO Eddie Lampert twice in two weeks. The beleaguered retailer is selling off its iconic Craftsman brand to Stanley Black & Decker for $900 million. [More]