You Searched For "Sears Holdings" and got 20 results
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4 mins read
A group of Sears Holdings’ vendors is pushing for the company to liquidate, arguing they’re being pushed to the brink of insolvency as they wait to be paid back
Shoshy Ciment/Business Insider Some of Sears' vendors are pushing for it to liquidate.
Bethany Biron
1 min read
Sears' Canadian business is about to collapse, reports say
Sears Canada said it has hired BMO Capital Markets as its financial adviser and Osler, Hoskin &…
Hayley Peterson
2 mins read
Sears CEO Abruptly Steps Down, Citing 'Family Health Matters' - Eddie Lampert Will Take Over
Mr. Lampert added, "In light of Lou's decision to step down, the Board feels it is important that t…
Kim Bhasin
2 mins read
Investors just got another sign that Sears is doomed
The losses were driven in part by a 49% drop in apparel sales. The company blamed Sears Holdings fo…
Hayley Peterson
2 mins read
Sears Canada files for court protection from creditors
"The brand reinvention work Sears Canada has begun requires a long-term effort, but the continued l…
Hayley Peterson
5 mins read
Sears is on the brink of catastrophe as stores closures loom and top execs flee the company
The timing of the departures - so close to Sears' upcoming third-quarter earnings report and in the…
Hayley Peterson
2 mins read
Sears is closing 20 more stores - here's the full list
The latest closures were announced to employees on the same day that Sears Canada, which was spun o…
Hayley Peterson
1 min read
This Is What Sears Will Look Like In The Future
Sears has been leasing store space to other retailers and is considering "spinning off hundreds of …
2 mins read
One of Eddie Lampert's most loyal backers is leaving Sears and the stock is tanking
Berkowitz also serves as the Chief Investment Officer of Fairholme Capital Management, which is the…
Dennis Green
1 min read
A Kmart store just opened inside a Sears in Brooklyn, but there's a major downside to shopping there
Kmart has more to offer in terms of basic health and beauty products, household cleaning supplies, …
Jessica Tyler,Jessica Tyler
3 mins read
Sears lays off 200 corporate workers as sales tumble
Having co-workers and friends leave the organization is never easy, but making changes like these a…
Hayley Peterson
1 min read
We went to a Kmart store and saw why the company is in danger of shutting down completely
In December, analysts speculated that Kmart could be in danger of shutting down entirely. Kmart fac…
Jessica Tyler,Jessica Tyler
2 mins read
Struggling Sears is borrowing another $200 million from its CEO to stay afloat
In a statement on the loan, Sears Chief Financial Officer Jason Hollar said, "As Sears Holdings has…
Hayley Peterson
1 min read
Kmart is closing dozens of stores as parent company Sears weathers Chapter 11 bankruptcy. Here's how the discount chain fell from grace.
This isn't the first time Kmart has faced bankruptcy. In 2002, it filed for Chapter 11 bankruptcy p…
Jessica Tyler
2 mins read
Sears' and Kmart's sales increased for the first time in years - but it's probably not going to save the business
Customers cashing out their Shop Your Way points also contributed to roughly $49 million in revenue…
Kate Taylor
5 mins read
'I've decided to step down as CEO': Eddie Lampert sends email to Sears employees after the company files for bankruptcy
To manage the day-to-day operations of the Company, the Board has created an Office of the CEO, whi…
Hayley Peterson
8 mins read
Sears Shares Are Spiking After It Says It's Considering Spinning Off Lands' End
This press release contains forward-looking statements, including with respect to our transformatio…
Julia La Roche
8 mins read
Sears Shares Are Spiking After It Says It's Considering Spinning Off Lands' End
This press release contains forward-looking statements, including with respect to our transformatio…
Julia La Roche
2 mins read
While Sears has been struggling to survive in the US, the retail chain thrives in Mexico. And when we visited stores in both countries, it was easy to see why.
Greeted with a floor mat reading "bienvenidos" and a pleasant "buen día" from a guard as you walk i…
Toya Sarno Jordan
5 mins read
Sears tanks after CEO eviscerates top tool vendor he says is trying to cancel its contract
"Today, we are taking a stand against one vendor that is trying to take unfair advantage of us: One…