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Tag Archives: Sears

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 …

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Sears Layoffs Hit Corporate Workers

Sears

Sears recently laid off more than 200 corporate workers as part of “ongoing restructuring,” according to the Chicago Tribune. The layoffs “affected various business units and roles across the organization,” a Sears spokesman says in the Chicago Tribune article from Jan. 31. Sears …

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‘We’re Going After Sears,’ J.C. Penney CEO Says

Penney

Marvin Ellison, J.C. Penney’s current CEO and a former Home Depot executive, has his eye on Sears’ appliance business. “We’re going after Sears and we’re going after market share that we think is going to be available not only now …

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Sears Takes DieHard Auto Parts to Amazon

auto products

Sears Holdings has taken another aspect of its business to Amazon, announcing it will sell DieHard auto products on the e-commerce site, the company reports. The retailer says it is opening up DieHard to sales on Amazon to celebrate the …

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Going Private Is Not a New Suggestion for Sears

When a shareholder recently requested that Sears Holdings consider going private, the investment company was not suggesting a new idea. The investor, Memento S.A., released a letter Dec. 7, asking the retailer “to form a board to look after shareholders, …

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Sears Selling Properties to Support Worker Pensions

sears hometown

Sears Holdings has announced plans to contribute hundreds of millions of dollars to employee pensions with the sale of 140 properties, according to the company. “The struggling retailer said it expects to raise the $407 million in pension contributions by selling the …

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Sears Holdings to Continue Store Closures in 2018

store closures

Sears Holdings is planning more Sears and Kmart store closures for January 2018, according to CBS News. The latest store closures include 45 Kmarts and 18 Sears locations in more than 25 states, CBS News reports. The money-losing Sears has worked on selling off iconic …

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Sears, Whirlpool End 101-Year Partnership

whirlpool

In an employee memo sent last week, Sears Holdings Corp. announced it will no longer sell Whirlpool products at its stores, ending a partnership between the two companies that has spanned more than a century, reports the Chicago Tribune. Effective …

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