Business

Penney's Hit by Another Key Executive Departure

clock July 20, 2018David Moin

Business

Roberto Cavalli Said Open to New Investors

clock July 20, 2018Luisa Zargani

Beauty

Tmall Global Encourages Italian Beauty Brands to Enter Chinese Market

clock July 20, 2018Sandra Salibian

Kmart

Customers shop at a Sears store in Salem, N.H. On Thursday, Aug. 25, Sears reports financial resultsEarns Sears, Salem, USA - 05 Jul 2016

Fashion Scoops

Sears-Kmart Tests Store-In-Store Concept

The new Kmart store inside a Sears location is housed in a site that first opened its doors in 1929.

clock June 21, 2018Vicki M. Young

Sears is closing more stores.

Retail

Sears’ Downsizing Continues as Operating Losses Grow

The transformation into an integrated and member-centric “Shop Your Way” business model is now seven years in the making.

clock May 31, 2018Vicki M. Young

Sears is closing more stores.

Financial

Sears Holdings to Shutter 72 More Stores

First-quarter results swung to the red, with a $424 million net loss on revenues of $2.89 billion.

clock May 31, 2018Vicki M. Young

Sears

Mergers and Acquisitions

Lampert Raises Liquidity Concerns at Sears Holdings

Edward S. Lampert, chairman and ceo at Sears, is looking to talk to partners about acquiring Kenmore and other assets.

clock May 30, 2018Vicki M. Young

A Sears store.

Mergers and Acquisitions

Lampert Wins Regardless of Future of Sears Holdings

A deal could have Sears receiving $1.7 billion, excluding its Kenmore IP asset, which doesn’t yet have a valuation.

clock April 23, 2018Vicki M. Young

The security incident does not involve transactions at any Sears or Kmart stores.

Financial

Sears Holdings Also Discloses Data Security Incident

The matter involved the retailer’s online support services provider, [24]7.ai.

clock April 5, 2018Vicki M. Young

The new Sears store, dedicated to appliances and mattresses.

Financial

Sears Secures Loan; Swings to Profit

The company completed a secured loan connected to its pension obligations with the PBGC.

clock March 14, 2018Vicki M. Young

A Sears store

Financial

Sears Projects Better Adjusted Bottom Line, Sales Declines

The improvement is due in part to the closure of unprofitable stores in 2017, and net profits are helped by a benefit from tax reform.

clock February 15, 2018Vicki M. Young

A Sears store.

Retail

Sears Holdings Plans Commencement of Exchange Offers for Notes

Even with potential annual cash interest savings of $100M, Fitch still expects the annual cash burn rate to hit $1.2B in 2018.

clock January 23, 2018Vicki M. Young

A Sears store.

Financial

S&P Downgrades Sears’ Corporate Credit Rating

S&P believes any restructuring of debt would give lenders less than the “original promise.”

clock January 18, 2018Vicki M. Young

Sears

Financial

Lampert Continues to Insist Sears Holdings Is Viable

The chairman said financial maneuvers, if successful, should reassure vendors of the company’s viability.

clock January 10, 2018Vicki M. Young

A Sears storefront.

Financial

Struggling Sears Holdings Raises $100M; Initiates New Liquidity Plan

The company is also hoping to raise another $200M to enhance its liquidity.

clock January 10, 2018Vicki M. Young

Sears is closing some doors as part of a routine store review.

Retail

Sears Holdings to Close 64 Kmart and 39 Sears Stores

Liquidation sales are slated to begin Jan. 12.

clock January 4, 2018Vicki M. Young

The new Sears store, dedicated to appliances and mattresses.

Financial

Sears Narrows Q3 Loss, But Sales Trends Still a Worry

Sears plans to build on the success of its new concept stores, but time and money are its two big hurdles.

clock November 30, 2017Vicki M. Young

A Sears store.

Financial

Sears to Take Action on Upcoming Debt Maturities

Sears to continue to diversify revenue streams via its businesses that include its profitable Innovel appliance delivery and installation program.

clock November 30, 2017Vicki M. Young

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