Sears Holdings Receives Approval On First Day Motions
Sears Holdings has received approval on all first-day motions related to the company’s Chapter 11 bankruptcy filing.
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Sears Files Chapter 11, Lampert Out As CEO
Sears Holdings has filed for Chapter 11 bankruptcy protection and announced the company’s CEO Edward Lampert has stepped down but will remain chairman of the board.
Reports: Sears Missing Vendor Payments As Lenders Push For Liquidation
With a possible bankruptcy filing on the horizon, Sears Holdings is reportedly missing some vendor payments as several major lenders push for the struggling retailer to be liquidated, published reports on Thursday, October 11, indicated.
Report: Sears Preparing Bankruptcy Filing
Sears Holdings may soon be heading to bankruptcy, according to a report from the Wall St. Journal.
Sears Adds Independent Director To Board
Sears Holdings has added Alan Carr, managing member and CEO of Drivetrain, to its board of directors as an independent director.
Sears CEO Proposes Debt Restructure, Asset Sale Plan
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.
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.
Sears Holdings To Close 46 Additional Stores
Sears Holdings will close another 46 locations as part of what company officials said is an ongoing effort to focus on its best stores.
Lampert’s ESL Investments Bids For Kenmore, Other Sears Assets
Edward Lampert’s ESL Investments has made a $400 million bid for Sears Holdings’ Kenmore business.
Sears.com Adds TTI Brands To Marketplace
Sears Holdings is adding to its namesake store’s marketplace operation with branded products including TTI Floor Care labels Hoover, Dirt Devil and Oreck.
Report: Sears Holdings Cuts Headquarters Jobs
Sears Holdings has laid off about 200 employees, CNBC reported citing a recent WARN notice filed by the retailer in Illinois, with about 150 of those positions located at the company’s Hoffman Estates, IL, headquarters.
Report: Sears Testing Kmart Store-In-Store Concept
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.
Deep Q1 Loss Accelerates Sears Store Closings
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 Launches Kenmore Stand Mixer
Sears under its Kenmore brand is debuting a new stand mixer that is being touted by the company as a “breakthrough design.”
Report: Sears Holdings To Shutter Additional Stores
Sears Holdings is in the process of closing an additional 40 stores in 24 states, according to a report from Business Insider.
Sears Holdings, Citi Extend Financial Relationship
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 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.
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.
Sears Identifies Data Breach
Sears Holdings has identified a data breach that impacted some Sears and Kmart customers last fall.
Sears Posts Profit In Q4 Despite Sales Tumble
Sears Holdings posted a profit in the fourth quarter following the new tax reform laws, although comp sales continued to decline.