Tag: Sears Holdings

February 6, 2019

A bankruptcy filing from one of the most iconic U.S. retailers was bound to be unique. But the series of events that have played out over the last several months have resulted in polarizing perceptions of what the future holds […]

November 7, 2018

Just as few in the retail world are surprised to see Sears in bankruptcy court, few will likely be surprised to learn that Lampert’s complicated financial relationship with Sears could be the subject of litigation in Chapter 11. It’s worth […]

October 23, 2018

Sears has had a troubled relationship with its suppliers over the past two years. Last year, the company sued a couple of them, as Sears aggressively sought to protect its interests and those suppliers tried to protect their own from […]

August 23, 2018

The decline of Sears’ physical footprint over the past decade or so has been astonishing, far outpacing its department store peers, and it shows no sign of stopping. In May, the company said it closed 108 stores (67 Kmarts and […]

May 31, 2018

Sears continues to far outpace its department store peers in store closures. So far, the moves still haven’t plugged the outflow of money from the company. Worse, the retailer’s sales base, seen in its comps, continues shrinking. Moody’s Vice President […]

February 16, 2018

So far in 2018, the Sears story remains roughly the same: shuttered stores, cost cuts and incremental financial maneuvers. As a direct result of all these moves in recent years, the company has shrunk at an astonishing pace. And at […]

November 10, 2017

Sears and Kmart stores are folding at a record pace, a necessary strategy of attrition, the retailer says, to maximize productivity. It’s a remarkable decline for the former rivals, which once dominated the retail landscape. Sears and Kmart were once […]

March 29, 2017

The end is near, and I believe Q2 2017 will finally be the quarter when Sears Holdings files for bankruptcy and calls it quits. I’m not saying that solely because of its most-recent SEC filings, but also as someone who […]

February 8, 2017

The rising cost of Sears Holding Corp.’s debt load is imperiling funds the embattled retailer needs to finance its years-long turnaround effort, according to data from financial research firm IHS Markit cited by The Wall Street Journal. Insuring $10 million […]

January 9, 2017

According to Eddie Lampert, CEO and Chairman of Sears Holdings, the company is in the middle of a “transformation” into a profitable enterprise that integrates online and offline retail. Yet everyone from former high-ranking executives to anyone who has ever […]

September 20, 2016

Sears is closing at least 17 more Kmart locations before the end of the year, with dozens more likely to be announced. On Friday, Seritage Growth Properties filed a document with the Securities and Exchange Commission that it was terminating […]

September 8, 2016

Kmart has unveiled a new store described as “A Whole Lotta Awesome” as part of a strategic marketing and rebranding initiative. The store in Des Plaines, Illinois is not far from Sears Holdings corporate headquarters in Hoffman Estates. It’s a […]

August 29, 2016

On Thursday, Aug. 25, Sears Holdings Corp., on the heels of another dismal quarter, announced it had accepted a capital infusion in the way of a $300 million loan by CEO Eddie Lampert’s hedge fund. While the loan will help […]

May 9, 2016

Sears  is closing its oldest store. The location in Chicago’s Ravenswood neighborhood will shutter in August after 90 years in operation. The store opened on Chicago’s Lawrence Avenue in 1925 and caters to a diverse shopper-base. Read More on FierceRetail