Kenmore

Retail
Sears Opens Three Home & Life Stores

Sears has opened a new smaller format Sears Home & Life store in Lafayette, Louisiana. Two other Sears Home & Life stores are also opening this weekend in Anchorage, Alaska, and Overland Park, Kansas. 

Appliances
Cleva Showcases New Licensed Kenmore Vacuum Assortment

Cleva North America gave participants at the International Housewares Association 2019 Show Preview an advance look at its new licensed Kenmore electric floor care product line that will be featured at the International Home + Housewares Show in March.

Financials
Sears Loss Doubles In Q2

Although the company touted an improvement in comparable store sales trends, Sears Holdings continued to post comp declines in the second quarter despite substantial under-performing store closures, even as company losses increased substantially.

Retail
Sears Evaluating Kenmore, Home Services Assets Sale

Sears Holdings has formed a special board of directors committee to initiate a formal process to explore the sale of its Kenmore brand and related assets, as well as the Sears Home Improvement Products and Parts Direct business of its Sears Home Services division.

Retail
Lampert’s Hedge Fund Eyeing Sears Assets

Sears Holdings Corp. and its board of directors have received a letter from ESL Investments expressing the view that the company should pursue a divestiture of all or a portion of its Kenmore brand and related assets, the Sears Home Improvement business of the Sears Home Services division (SHIP) and the PartsDirect business of the Sears Home Services division.

Retail
With Sales Sliding, Sears Asserts Survival Plan

Sears Holdings Corp. has undertaken a restructuring program targeted to deliver at least $1 billion in annualized cost savings in 2017, which includes cost reductions from the previously announced closure of 108 Kmart and 42 Sears stores.

Retail
Sears Guarantee Rewards Loyalty Members

In a new effort to build its loyalty program, Sears is offering a holiday guarantee that will automatically provide Shop Your Way members a points credit to make up the difference between the price of any item purchased in one of its stores at the upcoming “Sears Days Lowest Prices of the Season Member Bonus Event” and any lower price available in that location through December 24.

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