According to a recent report on CNBC, as Sears Holdings continues to look for ways to boost sales, the company is testing new store concepts, including a mini-Kmart inside a Sears store in Brooklyn, NY.
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 and Citi are extending its relationship related to co-branded and private label credit card offers that will include a long-term marketing deal related to the Shop Your Way Mastercard rewards program.
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.
Sears Holdings has identified a data breach that impacted some Sears and Kmart customers last fall.
Sears Holdings posted a profit in the fourth quarter following the new tax reform laws, although comp sales continued to decline.
In a recent SEC filing, Sears has reported that it will generate a positive net income in the fourth quarter following the federal tax reform package. However, comps for the quarter continued to decline.
Sears Holdings has added a new element to its Shop Your Way loyalty program: live streaming video services.
Sears Holdings Corp. has undertaken several initiatives to reconfigure its debt but warned that it would consider other options if the efforts fell short of its needs.
Sears Holdings is starting 2018 by closing 100 stores that consist of a mix of Sears and Kmart locations.
In a further move to leverage its brand portfolio, Sears Holdings is launching DieHard products on Amazon.com.
Sears Holdings has entered into an agreement to extend the maturity of its existing term loan, originally set to mature in June 2018, to January 2019, with the option to further extend the maturity to July 2019.
Sears managed to narrow its net loss in the third quarter following its store closures and cost cutting. But comps remained dismal, declining in double digits for both Sears and Kmart.
Sears Holdings has opened a new Sears Appliances & Mattresses store in Camp Hill, PA. It is the first of the store format to open in the Northeast.
Sears Holdings has made several moves to restructure some of its finances and said that it expects to improve its net loss in its upcoming third quarter results. However, the company signaled that its comparable store sales for both Kmart and Sears are continuing to decline.
Sears and Kmart have unveiled their Thanksgiving and Black Friday doorbuster deals as an element in what the retailers are calling a month-long Holiday Blowout promotion.
Sears Holdings is closing an additional 63 stores that includes 45 Kmart locations and 18 Sears stores.