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Sears

  • Vestiges of Americana Fading Before Our Eyes
    Vestiges of Americana Fading Before Our Eyes
    Commentary HOLLIDAYSBURG, Pa.—In truth, the last Howard Johnson’s restaurant closed long before the one in Lake George, New York, did last week. The only thing that particular location had in ...
    June 14, 2022BY Salena Zito
  • Kmart Closing Last Remaining Michigan Store, More Store Closures Set to Follow
    Kmart Closing Last Remaining Michigan Store, More Store Closures Set to Follow
    Kmart is closing its last remaining store in Michigan this month, store associates confirmed to News Channel 3. Store ...
    November 10, 2021BY Katabella Roberts
  • Sears Announces It’s Shutting Last Store in Home State of Illinois
    Sears Announces It’s Shutting Last Store in Home State of Illinois
    Sears is shutting its last store in Illinois, its home state, the company announced this week. The store, ...
    September 17, 2021BY Katabella Roberts
  • Sears to Lay Off Hundreds of Corporate Employees After Announcing 96 Store Closings: Report
    Sears to Lay Off Hundreds of Corporate Employees After Announcing 96 Store Closings: Report
    The company that owns Sears and Kmart will lay off hundreds of corporate employees, according to a report ...
    November 14, 2019BY Jack Phillips
  • Here Are the 45 Kmart, 51 Sears Locations That Are Closing Soon
    Here Are the 45 Kmart, 51 Sears Locations That Are Closing Soon
    Transformco, the company that owns Kmart and Sears, posted a list of locations that are slated to close ...
    November 8, 2019BY Jack Phillips
  • Kmart, Sears to Close One-Third of Stores, 96 Locations to Now Shutter: Reports
    Kmart, Sears to Close One-Third of Stores, 96 Locations to Now Shutter: Reports
    The company that owns Kmart and Sears—retail juggernauts of yesteryear—will now close 96 locations across the United States, ...
    November 7, 2019BY Jack Phillips
  • Report: Sears and Kmart to Close at Least 121 Stores by January 2020
    Report: Sears and Kmart to Close at Least 121 Stores by January 2020
    Sears is slated to close at least 121 Sears and Kmart stores by January of 2020 across the ...
    October 15, 2019BY Jack Phillips
  • Report: Another 100 Sears and Kmart Stores to Soon Close, Chain Still Struggling
    Report: Another 100 Sears and Kmart Stores to Soon Close, Chain Still Struggling
    Once-prominent retailer Sears declared bankruptcy about a year ago. Still, a new report from the Wall Street Journal ...
    October 13, 2019BY Jack Phillips
  • Report: Sears Cutting Life Insurance Benefits for as Many as 90,000 Retirees
    Report: Sears Cutting Life Insurance Benefits for as Many as 90,000 Retirees
    Sears told as many as 90,000 of retired employees in March that it is ending their life insurance ...
    March 31, 2019BY Jack Phillips
  • Sears Chairman Prevails in Bankruptcy Auction for Retailer With $5.2 Billion Bid: Sources
    Sears Chairman Prevails in Bankruptcy Auction for Retailer With $5.2 Billion Bid: Sources
    NEW YORK—Sears Holdings Corp. Chairman Eddie Lampert prevailed in a bankruptcy auction for the U.S. department store chain ...
    January 17, 2019BY Reuters
  • Sears Chairman Submits New $5 Billion Bid to Save Bankrupt Retailer
    Sears Chairman Submits New $5 Billion Bid to Save Bankrupt Retailer
    Sears Holdings Corp. Chairman Eddie Lampert submitted a revised takeover bid of more than $5 billion for the ...
    January 11, 2019BY Reuters
  • On Brink of Demise, Sears to Reconsider Billionaire Chairman’s Bid
    On Brink of Demise, Sears to Reconsider Billionaire Chairman’s Bid
    Sears Holdings Corp agreed on Jan. 8 to consider a revised takeover bid from billionaire Chairman Edward Lampert, ...
    January 8, 2019BY Reuters
  • Sears May Stay Alive With Rescue Bid Cobbled by Lampert
    Sears May Stay Alive With Rescue Bid Cobbled by Lampert
    Sears Holdings Corp. got another chance at survival after Chairman Eddie Lampert put together a last-minute, last-ditch bid ...
    December 30, 2018BY Bloomberg
  • Layoffs Loom Large as Banks Weigh Funding Lampert’s Sears Bid
    Layoffs Loom Large as Banks Weigh Funding Lampert’s Sears Bid
    Bankers meeting to discuss financing for Sears Holdings Corp.’s impending bankruptcy erupted in disbelief when a headline crossed ...
    December 20, 2018BY Bloomberg
  • Sears Secures Court Approval for Additional $350 Million Loan
    Sears Secures Court Approval for Additional $350 Million Loan
    NEW YORK/SAN FRANCISCO—Sears Holdings Corp <SHLDQ.PK> won court approval on Nov. 27 for $350 million in critical bankruptcy ...
    November 27, 2018BY Reuters
  • Sears Christmas Legacy Will Endure, Despite Looming Bankruptcy
    Sears Christmas Legacy Will Endure, Despite Looming Bankruptcy
    Sears Santa Tracker started with Sears—America’s oldest national retailer—publishing the wrong phone number on a cute ad designed ...
    November 26, 2018BY Venus Upadhayaya
  • Sears Chairman Lampert Seeks Partner for Bankruptcy Financing – Sources
    Sears Chairman Lampert Seeks Partner for Bankruptcy Financing – Sources
    Sears Holdings Corp. Chairman Eddie Lampert is in discussions with at least one potential partner to contribute to ...
    October 22, 2018BY Reuters
  • Clouds Gathering Above America’s Shopping Malls
    Clouds Gathering Above America’s Shopping Malls
    Between the dominance of Amazon and department store chain Sears’ march towards possible bankruptcy, it’s easy to conclude ...
    May 1, 2017BY Fan Yu
  • Mid-Tier Retail’s Death
    Mid-Tier Retail’s Death
    Some are calling it a “retail apocalypse” in the United States due to mounting store closings and bankruptcies. ...
    April 5, 2017BY Rahul Vaidyanath
  • Sears Reaches Profit Through Property Sales
    Sears Reaches Profit Through Property Sales
    TORONTO—Sears Canada's second-quarter revenue was down 9.1 percent from the comparable period last year, but the company says ...
    September 2, 2015BY The Canadian Press
  • Weak Electronics Sales Pressure Best Buy, Sears
    Weak Electronics Sales Pressure Best Buy, Sears
    Is America's love affair with gadgets fading? Best Buy and Sears on Thursday both blamed their weak quarterly ...
    May 23, 2014BY Epoch Video
  • Sears Looking at Selling its Canadian Operations
    Sears Looking at Selling its Canadian Operations
    U.S.-based Sears holdings says it is looking at strategic options for its 51 percent interest in Sears Canada.
    May 14, 2014BY The Canadian Press
  • Sears to Close Three Stores in Prime Locations
    Sears to Close Three Stores in Prime Locations
    Sears plans to close three of its stores by the end of October: Vancouver Pacific Centre, Calgary Chinook ...
    March 5, 2012BY Joan Delaney
  • Sears and Kmart to Close Stores After Underwhelming Holiday Sales
    Sears and Kmart to Close Stores After Underwhelming Holiday Sales
    Sears Holdings said on Tuesday that 2011 holiday sales came in lower than expected, and the company would ...
    January 2, 2012BY Frank Yu
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