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.
Sears Holdings
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.
What We Learned In Q1
As the spring weather warmed much of the country in mid-May, the housewares industry digested the first quarter earnings reports from a host of retailers.
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.
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 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.
Sears Shuts Stores, Sells Craftsman
Sears Holdings will close 150 stores and is selling its well-known Craftsman brand as the struggling retailer takes further steps to offset slumping sales.
Sears Gets Additional Funding, Sets Store Closures
For the second time in less than a week, Sears Holdings has entered into a secured loan facility with the funding deriving from an investment company owned by its CEO.
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