Search results for: sears

The Most Precious Treasures Of The Raiders Of The Lost Walmart

The Most Precious Treasures Of The Raiders Of The Lost Walmart

The Raiders of the Lost Walmart is a recurring series here at Consumerist, where the brave explorers who read this site excavate their local discount stores, finding ancient treasures along the way. What we mean is that readers send us pictures of overpriced electronics that are obsolete or even unusable, and that will probably never leave the clearance shelves. [More]

Nicholas Eckhart

Sears Closing 50 Auto Centers, 92 Kmart Pharmacies

Like a sinking ship that keeps jettisoning cargo in the hope of staying afloat, Sears Holdings will soon be ridding itself of 50 Sears Auto Centers and 92 Kmart Pharmacies. [More]

Ben Schumin

Department Store Departures Will Be Good For Malls In The Long Run

While the nationwide retail apocalypse has led to lost jobs and terrible liquidation sales, there’s one piece of good news for consumers and for the companies that own malls. As old-fashioned anchors like Sears and JCPenney move out, more diverse stores, restaurants, and entertainment venues are moving in, and they’re paying much higher rents. [More]

Joachim Rayos

Retail Continues To Suffer As Sales Decline For Second Month In A Row

For the first time in nearly two years, retail sales declined two months in a row, highlighting once again the current challenges facing a retail industry that has suffered a number of bankruptcies and store closures so far in 2017. [More]

Daniel Oines

Demise Of hhgregg Means You’ll Buy Your Next Fridge From Best Buy

The bankruptcy and liquidation of hhgregg is terrible for the retailer’s employees and retail landlords, but someone may benefit from the retailer’s downfall. Best Buy has a national presence and a large overlap with what hhgregg sells, and is in a position to pick up some of the retailer’s former customers the next time that they need a fridge or a computer. [More]

somegeekintn

Number Of Big Retail Bankruptcies In 2017 Already Equal To All Of Last Year

We’re only three months into the year and already the retail battlefield is littered with the corpses of nine brands that have filed for bankruptcy — the same number that filed in all of 2016. [More]

Will

Police: Man Hid In Sears Store At Closing Time, Tried To Steal $830K In Jewelry

At closing time in any store, you want to make sure that no one is hiding out inside, planning to pull off a heist once all of the employees have left. That never really happens, though, right? A man in suburban Maryland is accused of hiding in a Sears, then smashing jewelry display cases with a hammer and stealing their contents. [More]

Nicholas Eckhart

Here’s How CEO Eddie Lampert Could Survive A Sears Bankruptcy Just Fine

Edward S. Lampert is the manifesto-writing chairman, CEO, and biggest shareholder of Sears Holdings. Lampert’s hedge fund keeps lending the flailing retailer money, but if the parent company of Sears and Kmart doesn’t manage to escape its death spiral, Lampert won’t lose everything. [More]

Scott Miller

Sears Changes Its Tune: No, We’re Totally Not Doomed

After being refreshingly candid in its annual report, admitting that there is a lot of “doubt” about its ability to remain afloat in the long run, Sears Holdings is now doing an about-face, with its chief financial officer assigned to handle damage control. Get your “Sears Holdings Corporate Announcement Bingo card” ready. [More]

Mike Mozart

Payless Reportedly Looking To File For Bankruptcy, Possibly Next Week

There are certain givens when it comes to mall shopping: There’s always parking at Sears, and there’s a darn good chance you’ll find a Payless Shoesource store. However, the discount footwear retailer could see its roster of 4,000 locations slashed if reports of an impending bankruptcy filing are to be believed.
[More]

Nicholas Eckhart

Sears Holdings Admits: Yep, We’re Probably Doomed

Like a chess player who realizes their only chance of not losing is a tornado that whisks the table away, Sears Holdings is now making it clear to investors that there’s a good chance the company won’t be around much longer. [More]

Ben Schumin

Investors Betting That Mall Owners Will Default On Mortgages

Nearly a decade ago, some investors scored big payouts by predicting that the housing boom’s glut of mortgage-backed securities would turn out to be toxic. Now there are investors betting on the hope that more mall owners will soon be letting their properties go into foreclosure. [More]

JCPenney Goes For Sears’ Jugular With Expanded Home Services

JCPenney Goes For Sears’ Jugular With Expanded Home Services

With questions arising about Sears’ ability to make it through another year without borrowing even more money from its own CEO, JCPenney has been quietly expanding its business to be more like the Sears of old, selling appliances and even heating/air-conditioning systems. Today, JCP went even further in its apparent efforts to kick Sears while it’s down. [More]

Nicholas Eckhart

Sears CEO Tells Employees Things Look Great After Losing $2.2 Billion In 2016

Years ago, Sears Holdings chairman Eddie Lampert came to our attention by publishing a 15-page manifesto about pretty much everything. Since then, Lampert has taken on the job of CEO, despite not having any experience in the retail business and having what at times seems like an active dislike of the retail business. He periodically issues mini-manifestos for employees and for the public about how everything is fine, and published another this morning. [More]

Great Beyond

Why Are Malls Trying To Fill Empty Spaces With Supermarkets?

To stay viable into the future, malls need to find tenants with businesses that are difficult or impossible to move online. That includes things like parties, doctors’ offices, and a wider variety of restaurants, some of them inside already existing stores. Another business that could fit nicely into a vacant mall anchor slot: a grocery store [More]

Mike Mozart

JCPenney To Bring Appliances To 100 More Stores, Add Brands

While JCPenney recently announced plans to close more than 130 stores and offer early retirement to employees to cut its staff, the department store chain also has some good news. It is expanding appliance showrooms to an additional 100 stores for a total of 600, and adding more brands to its offerings. [More]

cookedphotos

Maybe Emptier Stores Mean Higher Customer Satisfaction?

Most retailers are having trouble bringing in foot traffic, leading once-steady brands like JCPenney, Sears, and Macy’s to shutter large swaths of stores. Yet, those customers who continue to shop at brick-and-mortar retailers appear to be happier about the experience. [More]

Sears’ Empty Sales Floors May Be Turning Customers Off

Sears’ Empty Sales Floors May Be Turning Customers Off

It should be pretty easy to tell a fully operational department store from one that it is closing down, but some Sears shoppers have found that their local store is not doing much to alleviate concerns about the company’s death spiral. [More]