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Tag Archives: Sears

Sears Files for Bankruptcy Protection, Plans to Close 142 Stores

bankruptcy protection

Sears Holdings Corp. has filed for bankruptcy protection and plans to close another 142 stores. Edward Lampert will also vacate his position as the company’s CEO immediately, reports the Chicago Tribune. Three executives will fulfill Lampert’s duties as CEO, according ... Read More »

Stanley Black & Decker to Begin Selling Craftsman Tools

stanley

Stanley Black & Decker will introduce its own line of Craftsman tools at Lowe’s and Ace Hardware stores in September, the Chicago Tribune reports. In March 2017, Stanley Black & Decker finalized the acquisition of the Craftsman brand from Sears, ... Read More »

Sears CEO Makes Proposal to Buy Kenmore Brand

ESL Investments

ESL Investments, the hedge fund operated by Sears Holding Corp.’s CEO Edward Lampert, has made a formal bid to purchase the Kenmore brand from Sears, the Chicago Tribune reports. Earlier this year, it was reported that Sears was mulling the ... Read More »

Combined Kmart-Sears Store Is a New Venture for Sears Holdings

Sears Holdings

Sears Holdings is experimenting with a Kmart and Sears combination store, even as it closes dozens of individually branded stores throughout the U.S. The company recently opened a Kmart store inside of a Brooklyn, New York, Sears location, according to ... Read More »

Sears Hometown to Close Up to 100 Stores

sears hometown

Sears Hometown and Outlet Stores Inc. will close up to 100 of its 882 stores, the company announced in its first-quarter 2018 financial results. Sears Hometown and Outlet Stores is a Sears spinoff company that mainly sells appliances, hardware, tools ... Read More »

Former Sears Brand Now Available at Lowe’s

Sears Brand

The Craftsman tool brand, previously owned by Sears, has introduced a select line of products in Lowe’s stores and on its website, Lowe’s has confirmed. According to Lowe’s, “select CRAFTSMAN mechanics tool sets, tool storage, garage organization, flashlights and pressure ... Read More »

Sears Holdings to Close Last Chicago Store and Sell 16 Locations Online

Sears

After nearly a century in Chicago, Sears is closing shop. Sears Holdings Corp., which is headquartered in Hoffman Estates, Illinois, announced it would be shuttering its final Chicago store in July, according to the Chicago Tribune. The company is also planning ... Read More »

Sears Continues to See Dropping Sales and Revenue

Sears Holdings

Sears Holdings’ year-end financial results for 2017 reflect falling sales and revenue, continuing a pattern of dipping numbers for the retailer. Revenue for the company was $16.7 billion for the year, down from $22.1 billion in 2016, according to the ... Read More »