Tag Archives: Sears Holdings

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

Q1 Loss Up at Sears; Company Closes Stores

Sears Holdings

HOFFMAN ESTATES, Ill.-Sears Holdings said its first-quarter net loss totaled $402 million, compared to $279 million last year, and added that it has closed about 80 underperforming stores this year and may close more during the remainder of the year. Edward Lampert, chairman and CEO of the Sears/Kmart parent, said the first quarter reflected theMore »

Last updated: May 22, 2014

Sears to Explore Sale of Sears Canada

Sears Canada

HOFFMAN ESTATES, Ill.-Sears Holdings said it is considering a possible sale of its 51 percent stake in Sears Canada or a potential sale of Sears Canada as a whole, along with other strategic alternatives. The company said it intends to hire an investment banking firm to explore all of the alternatives. Meanwhile, Sears Canada’s boardMore »

Last updated: May 14, 2014

Sears Board Approves Lands’ End Spinoff

Sears

HOFFMAN ESTATES, Ill.—Sears Holdings’ board of directors has voted to spin off the Lands’ End business. The Sears/Kmart parent will distribute all of the outstanding shares of common stock of Lands’ End on a pro rata basis to holders of Sears Holdings common stock, according to a company statement. The distribution is expected to beMore »

Last updated: March 17, 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

Jerry’s Kids

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I loved the old Jerry Lewis movies when I was a child (not so much as an adult). Mostly forgotten, one of the films featured Lewis slapsticking and mugging his way through his duties as an employee at the fictional Tuttle Department Store. The movie was called “Who’s Minding the Store?”, a phrase that hasMore »

Last updated: January 22, 2014