Sears has formed a special committee to explore selling off more parts of the struggling business. What assets still have value? The Kenmore appliance brand, for one, and Sears Home Services, a home improvement business. But the company has already sold off many assets, so its value is dwindling. One interesting wrinkle: A hedge fund operated by Sears […]
The holiday season is here, and for Americans, it’s all about sales. One company in particular has an unusual strategy this year. Sears Holdings began sales on Nov. 1, and it’s offering discounts on everything in its Sears and Kmart stores. Click the above audio player to hear the full story.
Sears has inked a deal with Amazon that it hopes will boost its flagging sales. Amazon will begin selling appliances by Kenmore — one of Sears’ flagship brands. But there could also be a downside for the struggling department store chain. Click the audio player above to hear the full story.
The struggle is real for Sears Holdings — the company behind Sears and Kmart. The once-powerful brand warned investors back in March that there was “substantial doubt” about its future. This week, Sears announced it’s pushed back a deadline on a $500 million loan by six months. That’s got Sears vendors even more anxious about […]
Seems like every time you turn around, another department store chain is closing locations and laying off people – Macy’s, Sears, J.C. Penney — and these are just the biggies. Since January, nearly 61,000 jobs have been eliminated in the retail sector. What kinds of jobs are being lost? And where are these workers going? Click […]
In a financial filing on Tuesday, Sears said “substantial doubt exists related to the company’s ability to continue as a going concern.” The announcement hit the company’s shares hard. Sears reported a loss of more than $2 billion in 2016. What does this disclosure mean for the retailer and is there any hope of a […]
Beleaguered retailer Sears is out with a plan to turn its fortunes around, and the company’s stock rose on the news. To most time-worn Sears-watchers, however, it looks a lot like more of the same and not enough to rescue the company.
Its largest shareholder arranges a line of credit to keep the struggling chain going.
Sears Holdings is expected to report its latest quarterly earnings before the markets open on Thursday. And expectations are low. The owner of Sears and Kmart stores has lost more than $8 billion in the last five years, as it has struggled to compete with the likes of Amazon and Wal-Mart. Sears has lost two […]