Tag Archives: Sears Holdings

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

Duke_Ratliff

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

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

Resolutions for 2014

Duke_Ratliff

By Duke Ratliff With holiday shopping (and selling) in the rearview mirror, home furnishings executives can now focus on the year ahead. Here are a few resolutions for the new year that notable individuals and institutions can make to make it a successful 2014. Walmart’s new leaders Doug McMillon and David Cheesewright should resolve toMore »

Last updated: December 20, 2013

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