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Tag Archives: Sears

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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Major Sears Shareholder Berkowitz Leaving Board of Directors

Berkowitz

Bruce R. Berkowitz, one of Sears Holdings’ biggest investors and a board member, is leaving the company. Sears confirmed that Berkowitz has chosen to leave the board and will make his exit Oct. 31.  He has served on the board of directors since February …

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Sears CEO Provides Retailer Another $100M Loan

loan

Edward Lampert, CEO of Sears Holdings, has loaned the company an additional $100 million, the Chicago Tribune reports. Sears borrowed the money from affiliates of ESL Investments, Lampert’s hedge fund, which also agreed to lend the company up to $100 million more …

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Sears Taking Another Loan From CEO Edward Lampert

lampert

Sears Holdings CEO Edward Lampert recently increased his loans to the struggling company, which now total over $1.6 billion from the past two years, according to Business Insider. “Lampert, through his hedge fund ESL Investments, has agreed to give the company a $200 million …

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Sears to Sell Smart Appliances on Amazon

appliances

Sears announced Thursday that it will begin selling Kenmore appliances on Amazon that feature Amazon’s smart home assistant Alexa, reports the Chicago Tribune. According to the article, Sears will sell Kenmore appliances that can be operated using Alexa’s voice-activation capabilities. …

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Sears Introduces First Appliances and Mattresses Store

Sears Appliances & Mattresses

While Sears Holdings has recently announced hundreds of store closures, the company is also introducing a new business model to the market. Sears Appliances & Mattresses in Pharr, Texas, is a new Sears-branded store that cuts out the other categories to …

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