Sears, Roebuck and Co.
September 20, 2021 at 7:17 pm
Sears will close its last Illinois-based department store on Nov. 14, when the location in Simon Property Group’s Woodfield Mall shuts its doors for the final time. Transfomco, the parent company for Sears and real estate manager for the Woodfield Mall location, told CNBC in a statement that it will try to keep the space vibrant…
December 23, 2019 at 12:38 pm
2019 was certainly a big year for retail news. Here's a look at the top news stories published by Total Retail in 2019, ranked by number of page views.
November 8, 2019 at 11:02 am
The parent company of Sears and Kmart, Transformco, has secured a $250 million lifeline and announced plans yesterday to close 96 more stores, CNBC reported. This will leave the business with 182 store locations. Owner Eddie Lambert, who bought Sears out of bankruptcy court for $5.2 billion earlier this year, is one of the lenders…
May 10, 2019 at 2:14 pm
Sears unveiled a new logo earlier this month on its social media channels, and it's generating mixed reviews from consumers. In addition to the logo, Sears debuted a new slogan as well: "making moments matter." The new slogan was featured in a video the company published on Facebook in late April. Sears said the new logo was…
January 16, 2019 at 1:14 pm
Sears Holdings reached a deal with its Chairman Eddie Lampert and his hedge fund ESL Investments early Wednesday, according to a source familiar with the situation, reports CNBC. The $5 billion agreement will leave roughly 400 stores open and keep the iconic retailer in business, saving close to 50,000 jobs. This comes after Sears rejected…
January 9, 2019 at 1:21 pm
A bankruptcy court is giving Sears another chance, offering Chairman Eddie Lampert a deal to buy the company out of bankruptcy, reports CNBC. Lampert's hedge fund ESL Investments has until 4:00 pm on Wed., Jan. 9 to pay a $120 million deposit to save the iconic retailer. Sears Holdings rejected Lampert's original $4.4 billion bid…
August 31, 2018 at 11:38 am
In this episode of Retail Right Now, Total Retail's Caitlin Sullivan and Joe Keenan discuss what Sears latest round of store closures means for its future, as well as the steps the company can take to turn its fortunes around.
August 28, 2018 at 2:22 pm
Sears Auto Centers, a division of Sears Holdings Corp., said earlier today that it will expand its partnership with Amazon.com that provides tire installation for customers who purchase any brand of tires on Amazon, including its own DieHard brand. Initially launched at 47 Sears Auto Centers in eight metropolitan areas in May, the Ship-to-Store tire…
May 31, 2018 at 2:13 pm
Sears Holdings said Thursday it will be closing more than 70 stores in 2018 as its sales continue to decline. Earlier this year, the retailer identified 100 unprofitable Sears and Kmart stores, and announced today that it will be closing 72 of these stores "in the near future." In a statement announcing its fiscal first-quarter results, Sears said:…
May 10, 2018 at 1:44 pm
Sears Auto Centers, a division of Sears Holdings Corp., announced yesterday that it's working with Amazon.com to provide tire installation and balancing for customers who purchase any brand of tires on Amazon, including its own DieHard brand. The rollout will begin in the coming weeks for eight metropolitan areas: Atlanta, Chicago, Dallas, Los Angeles, Miami,…
