A national survey and peer review program from The Values Institute has anointed Amazon as America’s most trustworthy brand.
With a double digit comparable sales decline, the second quarter proved difficult for Sears Holdings and its store network. The struggling retailer also said it would close 28 more Kmart stores.
Sears Holdings has signed two licensing agreements in a continuing effort to broaden the reach of its Kenmore and DieHard brands internationally.
Sears Canada has set final plans and specific dates for the closing of nine Sears Home Stores in Canada.
The executive chairman of Sears Canada has stepped back from his job to focus on saving the struggling retailer, according to a report in the Toronto Star.
Sears Holdings is launching a line of Kenmore products on Amazon.com, which includes the integration of the full line of Kenmore smart appliances with Amazon Alexa.
Sears Holdings is getting a $200 million line of credit from the hedge fund run by the retailer’s CEO, Edward Lampert.
As Sears Holdings continues its “transformation,” the retailer will close another 43 locations as the company “continues to focus on our best stores and return to profitability,” said Eddie Lampert, chairman and CEO of the retailer.
Sears Holdings will close another 20 U.S. locations, as the owner of Sears and Kmart stores continues to look for ways to control costs and stay afloat.