Sears Comps Sink In Q1
Sears and Kmart comps continued to plunge in the first quarter, although Sears Holdings did post a profit based on its cost cutting and restructuring efforts.
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Sears Inks Deals To Delay Debt Payments, Cut Pension Costs
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’ Lampert: ‘We’re Fighting Like Hell’
If Sears Holdings goes down, as a number of retail analysts have predicted, its chairman and CEO Eddie Lampert won’t leave without a fight.
Sears Names New CFO, Provides Update On Turnaround Plan
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 Launches Off-Price Format, New Private Label Strategy
Sears Canada has launched a major repositioning of its business with a new off-price operation and a new approach to private label.
Pier 1 Appoints New CEO
After conducting an executive search, Pier 1 Imports’ board of directors has appointed former Kmart executive Alasdair James president and CEO effective May 1.
Some Housewares Suppliers Cautious With Sears, Others Stop Shipping
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.
Sears Holdings Casts Doubt On Its Future
With the future of Sears and Kmart a hot topic of conversation among housewares vendors and others throughout the retail community, the parent company of the two venerable retailers is casting doubt on their future.
Sears Hometown & Outlets Posts Rough Q4
In the fourth quarter ended January 28, Sears Hometown and Outlets recorded a net loss of $45.8 million, or $2.02 per diluted share, versus a net loss of $22.6 million, or $1 per diluted share, in the year-prior quarter.
Sears Narrows Loss, But Sales Decline In Q4
Sears Holdings narrowed its net loss in the fourth quarter, but the parent company of Sears and Kmart continued to face declines in sales stemming from lower store counts and a challenging retail environment.
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