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.
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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.
Sears Expects To Report A Profit In Q4
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 Adds Video To Loyalty Program
Sears Holdings has added a new element to its Shop Your Way loyalty program: live streaming video services.
Sears Reworking Debt But May Pursue Other Options
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 To Close Additional Locations
Sears Holdings is starting 2018 by closing 100 stores that consist of a mix of Sears and Kmart locations.
Sears Launches DieHard Brand On Amazon
In a further move to leverage its brand portfolio, Sears Holdings is launching DieHard products on Amazon.com.
Sears Reconfigures Finances
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 Narrows Loss But Comps Plummet In Q3
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 Opens New Appliances & Mattresses Store
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.