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.
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.
In an example of never say die attitude, and at least some supplier largesse, Sears Holding has announced its holiday doorbuster deals for its Sears and Kmart stores.
Sears has signed several licensing agreements that will broaden the assortment and reach of its Kenmore and DieHard brands at U.S. retailers, including a line of Kenmore housewares.
Facing what he called “significant near-term liquidity constraints” that includes a debt payment in the middle of October, Sears CEO Edward Lampert is proposing a plan to restructure and reduce the company’s debt.
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.
Edward Lampert’s ESL Investments has made a $400 million bid for Sears Holdings’ Kenmore business.
Sears Holdings Corp. posted a deeper net loss in a challenging first quarter and said it would close more stores. In addition, the company developed another deal with Amazon.
Sears under its Kenmore brand is debuting a new stand mixer that is being touted by the company as a “breakthrough design.”
Sears Holdings is in the process of closing an additional 40 stores in 24 states, according to a report from Business Insider.
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.
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.
In a further move to leverage its brand portfolio, Sears Holdings is launching DieHard products on Amazon.com.
Sears Holdings has signed two licensing agreements in a continuing effort to broaden the reach of its Kenmore and DieHard brands internationally.
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.
Kenmore has launched the Kenmore Elite Smart Room Air Conditioners line, allowing users to adjust home temperatures from a mobile device using the brand’s mobile app.
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.
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.
Recent reports of Kmart’s possible demise are not true, Eddie Lampert, chairman and CEO of Sears Holdings, said in a blog post on the company’s website.
Sears Holdings has introduced the Kenmore Alfie voice-controlled intelligent shopping link, a connected smart device that researches potential purchases for the consumer and provides suggestions regardless of retailer.