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Tag Archives: Sears

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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