Tag Archives: Kmart

Great Expectations

Duke_Ratliff

Pity the home furnishings industry exec on a long summer vacation—he or she will return to work with a whole new landscape of retail leaders. For those keeping score at home (along with the imaginary, anachronistic exec who could actually take vacation all summer), here’s a brief rundown on the recent CEO shuffle: Target namedMore »

Last updated: August 28, 2014

Sears’ Red Ink Grows in Q2

Sears Holdings

HOFFMAN ESTATES, Ill.-Sears Holdings reported a net loss of $573 million in its fiscal second quarter, compared to a net loss of $194 million in the second quarter of last year. Edward Lampert, the company’s chairman and CEO, termed the bottom-line performance “unacceptable” and said the company is taking steps to address the results. “ThisMore »

Last updated: August 21, 2014

Sears Names James to Head Kmart

kmart

HOFFMAN ESTATES, Ill.-Alasdair James has been appointed president and chief member officer of Kmart by the mass retailer’s parent, Sears Holdings. In his new role, James oversees the Kmart operation, including the driving of the format strategy, managing profit and loss and “aligning merchandise, marketing, pricing and selling with the needs and wants of ShopMore »

Last updated: August 12, 2014

Sears Slims Q4 Loss; Fiscal-Year Loss Increases

Sears

HOFFMAN ESTATES, Ill.-Sears Holdings said its fourth-quarter net loss fell from $489 million last year to $358 million in this year’s quarter. Meanwhile, the company’s net loss for the fiscal year ending on Feb. 1 rose from $930 million to $1.4 billion. Edward Lampert, Sears Holdings’ chairman and CEO, said the company’s results continue toMore »

Last updated: February 27, 2014

Sears Same-Store Sales Dive in Q4

Sears

HOFFMAN ESTATES, Ill.-Same-store sales for Sears Holdings were down 7.4 percent for the fourth quarter through Jan. 6, according to a preliminary statement about the quarter from the parent of Sears and Kmart. The falloff included a 9.2 percent drop in same-store sales from Sears domestic stores and a decrease of 5.7 percent from KmartMore »

Last updated: January 10, 2014

Sears Loss Grows in Q3

Sears

HOFFMAN ESTATES, Ill.-Declines in sales and a jump in promotional activity made the ink in Sears Holdings’ bottom line redder in its fiscal third quarter, ending on Nov. 2. The company posted a net loss of $534 million in the quarter, compared to a net loss of $498 million in last year’s third quarter. NetMore »

Last updated: November 21, 2013

Sears, Kmart Slate Early Black Fridays

Sears Kmart

HOFFMAN ESTATES, Ill.-Sears and Kmart will move Black Friday to Nov. 22, one week earlier than when the traditional Black Friday will fall. The event will be a presale exclusively for the two retailers’ Shop Your Way members. The program’s members will be able to shop more than 1,000 Black Friday doorbusters at sears.com beginningMore »

Last updated: November 15, 2013

Rick Zugel of DKB Dies

Rick Zugel

SHEBOYGAN, Wis.—Rick Zugel, director of sales at DKB Household, passed away on Nov. 10. He was 63. Zugel spent his career in housewares sales, most recently with DKB Household and previously with Wilton Products, the Sunbeam Corporation, Mirro Company (a division of Newell Rubbermaid), Regent Sheffield LTD and Regal Ware, Inc. A graduate of theMore »

Last updated: November 13, 2013