sears holdings

Nicholas Eckhart

As Sears And Kmart Shrink, Amazon Grows

Earlier today, we shared the announcement that Amazon and Sears would be teaming up to sell Kenmore brand appliances, beginning with air conditioners. The retailers have more in common than you might think, though. [More]

Sears Begins To Sell Kenmore Brand Appliances On Amazon

Sears Begins To Sell Kenmore Brand Appliances On Amazon

Would you buy a Kenmore air conditioner, refrigerator, or dishwasher if you didn’t have to go to a Sears store, leave your house, or register for a Sears.com account? As part of its ongoing efforts to increase sales and make the most of its store brands, Sears Holdings, the parent company of Sears and Kmart, announced that it will be selling Kenmore appliances on Amazon, beginning with air conditioners. [More]

Mike Kalasnik

Sears Holdings CEO Lends Company Another $200M To Stay Afloat

As other retailers around it go out of business or reorganize, Sears Holdings, parent company of Kmart and Sears, is still in business somehow. Why? Those other chains don’t have what SHC does: A massive base of stores that it owns and can sell, and a CEO able to lend the company a few hundred million here and there. [More]

Nicholas Eckhart

43 More Sears And Kmart Stores Are Closing: Is Yours On The List?

Sears Holdings, parent company of Sears and Kmart, announced today that it plans to close down another 43 stores. As with previous rounds of closings, Kmart stores dominate the list, with 35 stores in 21 states set to turn their blue lights out forever. [More]

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]

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]

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]

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]

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]

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]

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]

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]

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]