Sears at the Greenville Mall closing; Kmart doors to remain open Jul 18, 2009
Employees will be encouraged to apply for open positions at nearby Sears and Kmart stores, Freely said ... The company also owns Kmart stores across the country. (Greenville Delta Democrat Times, MS)
There’s a tomato fungus among us Jul 16, 2009
Infected tomato plants, grown by the giant Bonnie Plants company of Alabama, have been removed from Lowe s, Wal-Mart, Home Depot, and Kmart stores in all six New England states. So what is it, and how do you know if your plants have it. (Boston Globe)
Kmart's Christmas in July: Inspiration or Desperation? Jul 15, 2009
So what convinced Sears, which has seen nothing but annual same-store sales declines at both its namesake and Kmart stores over the past four years, that skeptical shoppers want to open up their wallets for Christmas gifts now. "After the last holiday season, customers told us that they wish they had seen some of our merchandise earlier," says Natalie Norris-Howser, a Sears spokeswoman. (Time.com)
Minnetonka Kmart store to close Jul 14, 2009
The store s 46 employees have been encouraged to apply for openings at nearby Kmart stores and some will qualify for severance, the company said. jvomhof@bizjournals. (Twin Cities Business Journal, MN)
Life After Debt: Inside Sears Jul 1, 2009
Lisa Schultz, who leads the New York apparel team that designs for the 3,800 Sears and Kmart stores, says the economy will definitely affect the choices she makes. To cut costs, Sears designers are actually developing their own fabrics. (CBS News)
Sears tests program for jobless shoppers Jun 30, 2009
Sears Holdings Corporation (Holdings) is the parent company of Kmart Holding Corporation (Kmart; Edward LampertChairman of the Board W. Bruce JohnsonInterim President, Interim Chief Executive Officer From The Lists Your resource for everything related to business in Chicago. This will provide shoppers the confidence to go ahead to make that purchase, said Mr. Brown, adding that Sears is the only one among appliance retailers to make such an offer. (Crain's Chicago Business)
Destination Maternity coming to Sears, Kmart Jun 17, 2009
Starting in October, Destination Maternity (NASDAQ:DEST) will open 500 Two Hearts Maternity stores in Sears and another 100 in Sears-owned Kmart stores. In the previous partnership, from April 2004 to June 2008, Destination Maternity (then known as Mothers Work Inc.) had about 480 maternity-wear departments in Sears stores only. (Philadelphia Business Journal, PA)
One Melbourne sniffle could start a betting infection Jun 17, 2009
The Coles supermarket business, Kmart stores, Officeworks and Target chains that Wesfarmers bought are in such a dire state that they need a major cash injection if they are to have any hope of catching up to Woolies. The Merrill Lynch analyst David Errington - a longtime critic of the Wesfarmers strategy of relying on using its previously buoyant coal earnings to refurbish its retail stores - has come up with a solution. (Sydney Morning Herald -- Business)
So long, Sears Jun 16, 2009
Workers who lose their jobs at the Benton Township store will be notified of openings at other Sears and Kmart stores, Freely said. The nearest locations are in Kalamazoo, South Bend and Michigan City. (The Herald-Palladium)
GE Capital makes big loan to Sears Jun 3, 2009
Led by financier Edward Lampert, Sears Holdings owns Sears and Kmart stores and sells home appliances, tools, home electronics and other merchandise. It is based in Hoffman Estates, Ill. (Crain's Chicago Business)
Sears soars, fueled by Q1 profit report May 23, 2009
The parent of Sears and Kmart stores announced late Thursday that its first-quarter profit was $26 million, or 21 cents per share. That was a marked improvement from the year before, when the retailer led by financier lost $56 million, or 43 cents per share. (Crain's Chicago Business)
Chicagoans among least-ready for DTV rollout next month May 23, 2009
The agency also is sponsoring awareness events this weekend and next week at some Sears and Kmart stores in the area and other locations. The switch to digital television was mandated by Congress to free up analog broadcast spectrum for new kinds of mobile devices. (Crain's Chicago Business)
Sears Holdings Earns $26 Million in First Quarter May 22, 2009
Based in the Chicago suburb of Hoffman Estates, Sears Holdings operates 3,900 Sears and Kmart stores in the U.S. and Canada ... In Kmart stores, it fell 2. (ABC News -- Wire)
Sears extends credit, posts profit May 22, 2009
Sears Holdings Corporation (Holdings) is the parent company of Kmart Holding Corporation (Kmart; Edward LampertChairman of the Board W. Bruce JohnsonInterim President, Interim Chief Executive Officer From The Lists Your resource for everything related to business in Chicago. Sears first-quarter profit of $26 million, or 21 cents a share, is a reversal of the $56-million, or 43-cents-a-share, loss the company posted the same quarter last year. (Crain's Chicago Business)
REGION: Traditional and online retailers selling on layaway May 16, 2009
Kmart stores never canceled layaway, and in the fall, Sears, which Kmart bought in 2004, began offering layaway in hopes of appealing to shoppers who wanted to reserve hot holiday items but couldn't afford to pay for them right away, company spokeswoman Beth Pagano said. After layaway proved popular at Christmas, Sears decided to keep the service for most items, Pagano said. (North County Times)
Digital TV clinics set for region May 12, 2009
The FCC has scheduled seven free "DTV Clinics" this week at Kmart stores across the state, including today in Torrington and Waterbury and Thursday in Southbury. The clinics, which run from noon to 8 p.m., offer consumers an overview on the status of the transition to digital TV, provide help in applying online for coupons worth $40 toward the purchase of a digital converter box, and offer information on hooking up and operating the converters. (Republican-American)
Local woman battles Canadian prize scheme (2273) May 11, 2009
She needed only to pay the taxes of 3,450, 3830 or 3,980 -- the prize total was constant, but tax amounts varied -- through the services of Western Union or MoneyGram, found at most Kmart stores. The senior sleuth had doubts and took the checks, received April 15, April 22 and May 4, to her bank. (Rapid City Journal, SD)
Sears, Kmart look to Web to boost sales May 5, 2009
Financier and Sears Holdings Chairman told shareholders at the company's annual meeting Monday that the company will spend the year building its shopping platforms and offering consumers options at Sears and Kmart stores. The company has launched MyGofer. (Crain's Chicago Business)
Sears Looks to Web Sites, New Strategy for Growth May 5, 2009
Coming off a year when sales sank 8 percent and profit tumbled 90 percent, Sears which owns both Sears and Kmart stores is using its massive footprint of 3,900 stores to experiment. Lampert highlighted the company's newest effort, known as mygofer, which opened its first store last week in the southwest Chicago suburb of Joliet, where shoppers can go online, select items and receive curbside delivery at the location right away. (ABC News -- Wire)
Sears Holdings to Announce Earnings Apr 30, 2009
Sears Holdings Corporation operates through its subsidiaries, including Sears, Roebuck and Co. and Kmart Corporation. For more information, visit Sears Holdings' website at. (PR Newswire)
Kmart Ushers in Season 2 of Bakugan Battle Brawlers with Nationwide Bakugan Collector's Events Apr 10, 2009
The Bakugan collector's events will take place at 9am local time at participating Kmart stores. Customers should call ahead to their local Kmart to confirm participation. (Yahoo! Wire -- Entertainment News)
Kmart has big plans Apr 10, 2009
The Kmart Corp. here today unveiled its latest weapons in the discount store wars: Big Kmart stores. Both local Big Kmart stores, at 2211 S. Green Bay Road and 5141 Douglas Ave., cut the ribbon early today after renovations that a company spokesman said average about $600,000 per store. (Racine Journal Times, WI)
Sears selling its corporate jets Apr 10, 2009
Sears Holdings Corporation (Holdings) is the parent company of Kmart Holding Corporation (Kmart; Edward LampertChairman of the Board W. Bruce JohnsonInterim President, Interim Chief Executive Officer From The Lists Your resource for everything related to business in Chicago. In fiscal 2008, two Sears executives received $29,963 in payments in connection with commuter travel on the retailers planes, the company said in its proxy filing. (Crain's Chicago Business)
Sears fills Martha Stewart void Apr 7, 2009
(AP) A new line of housewares and furniture bearing the name of Country Living magazine will debut at Sears and Kmart stores this fall, executives said Monday ... The items will be sold in 1,200 Kmart stores and 500 Sears stores beginning in September. (Crain's Chicago Business)
Research and Markets: DIY in a Down Economy in the United States 2009 Apr 2, 2009
"market" : {"NAME" : "U.S.", "ID" : "us_market", "TZ" : "ET", "TZOFFSET" : "-14400", "open" : "1238679022", "close" : "1238702422", "flags" : {}} , "STREAMER_SERVER" : "http://streamerapi.finance.yahoo.com","arrowAsChangeSign" : false,"throttleInterval": "1000". Search for share prices. (Yahoo News -- Auto Racing)
Stock questions? Ask Matt Apr 1, 2009
To this day, I get e-mails from shareholders who don't understand how they could have lost all their money when Kmart stores still exist. Resisting the urge to pile into shares of a bankrupt company will be tough. (USA Today -- Money)
Sears interim chief paid $1.9M in 2008 Mar 18, 2009
Sears Holdings Corporation is the parent company of Kmart Holding Corporation (Kmart) and Sears; Edward LampertChairman of the Board W. Bruce JohnsonInterim President, Interim Chief Executive Officer From The Lists Your resource for everything related to business in Chicago. Johnson also received about $9,500 in other compensation, nearly all of which was a matching contribution to the company's 401(K) retirement plan. (Crain's Chicago Business)
Sears looks for new loan backers: report Mar 18, 2009
Sears Holdings Corporation is the parent company of Kmart Holding Corporation (Kmart) and Sears; Edward LampertChairman of the Board W. Bruce JohnsonInterim President, Interim Chief Executive Officer From The Lists Your resource for everything related to business in Chicago. Under the proposal being discussed, pricing on the Sears loans would increase to four percentage points over the London Interbank Offered Rate from a current spread thats less than a percentage point, S in its report. (Crain's Chicago Business)
Sears Holdings Corporation Brings Personalized and Convenient Shopping to Life With ShopYourWay Mar 14, 2009
Sears Holdings Corporation operates through its subsidiaries, including Sears, Roebuck and Co. and Kmart Corporation. For more information, visit Sears Holdings' Web site at. (PR Newswire)
Samford renames science building Mar 11, 2009
He is credited with creating the concept of leased pharmacy operations in Kmart stores that eventually saw 1,278 pharmacies operating in the discount chain. He served as president of the Kmart pharmacy operations for 17 years. (Birmingham Business Journal, AL)
Kmart axing two area stores Mar 11, 2009
has 3,800 stores, about a third of which are Kmart stores. In the most recent fiscal year, ended Jan. 31, Sears Holdings had $46. (Philadelphia Business Journal, PA)
Sears Grand store in Oshkosh to close Mar 5, 2009
Sears Holdings operates Sears and Kmart stores. Reader Comments. (Milwaukee Business Journal, WI)
Kmart(R) Partners with WWE(R) to Promote 25th Anniversary of WrestleMania(R) Mar 4, 2009
Kmart stores across the country will feature a front-end product boutique from March 8 - 21 showcasing the best in WWE licensed products including apparel, toys, bedding, entertainment and gaming accessories ... Consumers who purchase $50 or more in WWE merchandise available in Kmart stores will receive $10 off their 25th Anniversary of WrestleMania pay-per-view buy. (Yahoo! Wire -- Entertainment News)
Sears shares up after earnings beat Street Feb 28, 2009
(AP) rallied Friday, a day after the owner of Sears and Kmart stores beat fourth-quarter forecasts. On Thursday, the company led by financier announced that it earned $190 million, or $1. (Crain's Chicago Business)
Sears in Century Plaza to close Feb 28, 2009
The Century Plaza store has about 79 associates who will either qualify for severance or be offered positions at other nearby Sears or Kmart stores, which Sears Holdings also owns, said Kim Freely, spokeswoman for Sears. The local closing is part of Sears decision to close 24 underperforming stores across the country, a decision it announced Thursday with its 2008 year end and fourth quarter earnings. (Birmingham Business Journal, AL)
Retailers cut costs as 4Q profits drop Feb 27, 2009
Sears Holdings Corp., the operator of Sears and Kmart stores, said fourth-quarter profit fell 55 percent, hurt by charges related to its Orchard Supply Hardware subsidiary and severance charges. However, excluding charges, profit beat expectations. (The Star Online, Malaysia -- Business)
Profit declined 55 percent in quarter at Sears Feb 27, 2009
Analysts surveyed by Thomson Reuters expected the owner of Sears and Kmart stores to earn $2 ... The retailer blamed its drop in same-store sales on the prolonged housing downturn, which weighed on home appliance sales at its domestic Sears locations, as well as a pullback in consumer spending, which hurt home, household goods and apparel sales at Sears and Kmart stores as well as lawn and garden sales at Sears stores. (International Herald Tribune -- Business)
ServiceLive.com lets shoppers name price for repairs Feb 14, 2009
Still, the initiative is the company's latest effort to resuscitate its falling revenue from its Sears and Kmart stores. At an annual meeting last year, chairman Edward Lampert, who acquired Kmart in 2003 and Sears, Roebuck. (USA Today -- Money)
Sears lets shoppers name repairs price Feb 14, 2009
The company has been struggling to woo customers back to its Sears and Kmart stores long before the recession pummeled the retail sector last year. At an annual meeting last year, Chairman Edward Lampert, who acquired Kmart in 2003 and Sears, Roebuck and Co. in 2005, said the company would need to be innovative and change its business to adapt to customers' increasing desire to buy products over the Web. (AZCentral -- Business)
Sears launches on-line home repair service Feb 14, 2009
Sears Holdings Corporation is the parent company of Kmart Holding Corporation (Kmart) and Sears; Edward LampertChairman of the Board W. Bruce JohnsonInterim President, Interim Chief Executive Officer From The Lists Your resource for everything related to business in Chicago. 16. (Crain's Chicago Business)
Which companies are best suited to weather the economic storm Feb 8, 2009
Jeff Green of Mill Valley-based Jeff Green Partners, a retail feasibility consultant, said he expects the retailer to start closing Sears and Kmart stores based on falling sales over the past few years. Pier 1. (Fresno Bee -- Business)
Kmart recalls baked goods linked to outbreak Feb 7, 2009
NEW YORK - Sears Holdings Corp. said Friday its Kmart stores were voluntarily recalling some Super Kmart bakery goods due to the risk of salmonella. Sears said it learned some granulated peanut products supplied by Hickory Harvey Foods to Super Kmarts may have been made at a plant possibly contaminated by salmonella. (MSNBC -- Health)
