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.
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.
Edward Lampert’s ESL Investments has made a $400 million bid for Sears Holdings’ Kenmore business.
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 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.