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]

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]

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]

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]

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]

Nick Papakyriazis

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]

Nicholas Eckhart

Sears And Kmart Announce 150 Store Closures, Including The First Kmart

Last week, we shared a list of Kmart and Sears stores that we were able to confirm would be closing this spring. The list just grew, reaching a total of 108 Kmart locations and 42 Sears locations that will begin their store-closing sales this week. [More]

Will

Sears Borrows Another $500 Million From Its CEO Until It Can Sell More Stores

Sears Holdings, the parent company of Sears and Kmart, has lost billions of dollars in the last few years. The last time that it did turn a profit, it was because the company had just sold a few billion dollars’ worth of store buildings to its affiliated real estate investment trust. Now the company is borrowing some cash from its CEO in anticipation of raising more money the same way. [More]

Nicholas Eckhart

Sears Holdings Announces Another Round Of Kmart And Sears Closings

There are two related pieces of news out of Sears Holdings this week. First, the company is closing another round of Kmart and Sears stores across the country. Second, it’s set to borrow at least another $200 million from its manifesto-writing CEO. [More]

From Cash Registers To Escalators To Shopping Carts: 11 Important Firsts In Bricks-And-Mortar Retail History

These days you can shop from the comfort your couch in your soft pants, ordering up a flat of cat food, paper towels, and a smartphone with one click. So it’s easy to forget that once upon a time shopping at retail stores wasn’t a necessary evil, but an “experience” that many of us actually enjoyed. [More]

JeepersMedia

Sears Tries Giving Away Rewards Points With Branded Credit Card

Sears Holdings, parent company of Kmart and Sears, is depending on the company’s Shop Your Way rewards program to save the company. It is a very nice rewards program, but is it enough to get customers to spend? Don’t most store cards come with special rewards or discounts? [More]

Raiders Of The Lost Walmart Find MP3 Player That Users Hated Back In 2012

Raiders Of The Lost Walmart Find MP3 Player That Users Hated Back In 2012

The Raiders of the Lost Walmart are a brave band of explorers who comb the nation’s big box stores for comically outdated, yet still overpriced, merchandise. This is mostly electronics, since they don’t age very well, and today we have two not-so-fine selections from Walmart and from Kmart. [More]

Nicholas Eckhart

Sears Holdings CEO Blogs: Kmart Is Doing Just Fine, Thanks

Sears Holdings chairman, CEO, and chief manifesto-writer Eddie Lampert wants shoppers like you and writers like us to know something very important: Kmart is doing just fine. It has some stores that are profitable, and the retailer is continuing its turnaround plan and the “transformation” of its business into something with fewer stores and more online sales. [More]

Jonathan

Christmas Creep Season Kicks Off Nationwide

Every holiday has two seasons: its actual season, and its creep season. The latter is that time of year during which people complain that it’s too soon to be selling decorations, cards, costumes, or other items for that holiday. Even things that aren’t really holidays can creep up, like back-to-school season. Here are some Christmas Creep sightings from across the country, so you’ll know where to pick up an artificial evergreen in mid-September for future reference. [More]

Nicholas Eckhart

At the end of last week, employees at Kmart stores across the country received bad but not entirely unexpected news: their stores are closing by the end of 2016, and they will lose their jobs. We can confirm that dozens of locations in 11 states plan to close on or before Dec. 11, and will most likely add more locations to this list later today or later this week. [More]

Nicholas Eckhart

Moody’s Is Kind Of Worried About Sears Holdings, Especially Kmart

While Sears Holdings keeps trudging along its alleged “path to profitability,” Moody’s Investors Service has some doubts about the retailer’s prospects, and has downgraded its liquidity rating. That means that its analysts are concerned about the ability of Sears Holdings to keep its doors open and merchandise on the shelves. [More]

Nicholas Eckhart

Michigan Is Littered With Abandoned Kmarts, Which Is Actually Good For Retail

When a longtime retailer closes its doors, it can be a good thing for the area and for the local real estate market. Employees lose their jobs, and the remaining loyal shoppers lose their favorite store, but freeing up that real estate means that new and popular stores can renovate or tear down the buildings, replacing them with something that modern shoppers are interested in. [More]