In an effort to improve its financial position, Sears Holdings has reached agreements to extend a portion of its secured loan facility and annuitize its pension obligations.
Sears Holdings has named a new chief financial officer as officials with the retailer provided an update on its plan to turn around the company’s ailing fiscal health.
Sears Canada has launched a major repositioning of its business with a new off-price operation and a new approach to private label.
Some housewares suppliers continue to ship Sears and Kmart, while others have ceased sending products to the troubled retailers, vendors across multiple product categories told HomeWorldBusiness.com.
CBL & Associates Properties has closed on a sale/leaseback transaction for five Sears stores and two Sears Auto Centers located at CBL malls, which will give the mall operator control of the locations involved for future redevelopment.