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sears News

Sears to ask bankruptcy judge to allow liquidation

Sears Holdings has rejected Chairman Eddie Lampert's bid to save the 126-year-old company, setting the storied retailer with more than 50,000 employees on a path to liquidation.

Sears prepares to liquidate as ESL bid fails to impress bankers

Tens of thousands of jobs are at risk after Sears Chairman Eddie Lampert’s bid to buy several hundred stores out of bankruptcy fell short of bankers’ qualifications, according to people with knowledge of the matter.

Sears barely avoids liquidation with a last-minute bid

A last-minute bid on Friday gave Sears a chance to stave off complete liquidation, but the company still announced that 80 Sears and Kmart stores across the country would close by March.

Without financing, path to liquidation begins at 4 pm for Sears

Sears is nearing a crucial deadline that could determine whether it survives. The company set Friday at 4 p.m. as the deadline for potential buyers to bid for Sears' assets. Without financing, Sears and KMart are on the path to liquidation.

Mall owners try to bar Sears 'going out of business' signs

A group of Sears' landlords laid out in a court filing a set of requests for the retailer's upcoming store closures, asking the bankruptcy court to limit the size, wording, and style of the stores' liquidation sale signs.

Once mighty US retailer Sears files for bankruptcy

Washington - Sears, the venerable chain that once dominated the American retail sector but had been in decline since the advent of the Amazon era, filed for bankruptcy Monday and announced it was closing almost 150 stores.

As sales plunge and losses mount — Sears to close 72 more stores

On Thursday, Sears Holdings, which owns Sears and Kmart, announced that it has identified 100 non-profitable stores and that it would be closing 72 of these locations “in the near future.”

Sears is closing an additional 72 stores this year

Sears is closing 72 more stores, in addition to the more than 180 that have already been announced this year. The company released the list internally today.

Sears says there is 'substantial doubt' it will stay open

In a regulatory filing late Tuesday, Sears, which has been one of America's leading retail stores since the 19th century, said there is "substantial doubt" it can remain in business.

Sears Canada names new acting-CEO

Sears Canada Inc. named Ronald Boire of the American-based Sears Holding to replace Douglas Campbell as acting president and CEO. This is not the first time that the Canadian-based company has recruited from its American partner.

Sears stores offer curbside pickup/returns to online shoppers

Hoffman Estates - Online shoppers picking up or returning items to brick-and-mortar Sears stores nationwide can take care of business without leaving their cars.

Sears reports losing $574M; 9th straight quarterly loss

Hoffman Estates - Shares of Sears Holdings (SHLD) fell over 7 percent yesterday after reporting revenue losses and earnings that missed analyst forecasts. The stock closed the day at $33.38, which was down 2.57 points, and a trading loss for the day of 7.15 percent.

Sears could sell some or all of its stores in Canada

Hoffman Estates - Sears Holdings Corp is considering selling its controlling stake in Sears Canada, which could mean all of the department store operator's 400 Canadian locations are for sale.

Sears Canada to refund, finish work after collapse of installation firm

Sears Canada Inc <SCC.TO> said on Friday it will refund payments or offer alternative services to customers affected by the collapse of SHS Services Management Inc, which provided home-improvement services on behalf of Sears C...

Sears' board approves spinning off Lands' End clothing business

Eddie Lampert-controlled Sears Holdings Corp <SHLD.O> said on Friday its board approved the spin off on April 4 of its Lands' End clothing business.

Thousands of American retail stores closing in the United States

Retail experts are projecting that the pace of store closings will accelerate over the course of the next decade. Just last week American retail chain Radio Shack announced that it was going to close more than 1,000 stores.

Sears says investigating possible security breach

Sears Holdings Corp said Friday it has launched an investigation to determine whether it was the victim of a security breach, following Target Corp's revelation at the end of last year that it had suffered an unprecedented cyber atta...

Canadian retailers announce job cuts, closures

Canadian retailers Best Buy and Sears have announced job cuts of up to 1,600 combined in what analysts describe as the face of the changing retail landscape.

Retailers start 'Black Friday' sales earlier this 2012 season

Reports are surfacing many retailers have intended to start their "Black Friday" sales earlier this year. While some stores have not made any formal announcements yet, ad leaks are showing the start times retailers are offering for Black Friday.

Sears recalls Kenmore dehumidifiers due to fire hazard

Sears Roebuck and Co. is recalling hundreds of thousands of Kenmore dehumidifiers due to fire and burn hazards associated with use of these products.

Bear walks into Pennsylvania Mall - sends people running: Video

A small black bear managed to figure out how to get inside the Sears store using the automatic doors, but couldn't find its way out.

Lawsuit filed against Sears over peeping tom

North Hollywood - A lawsuit has been filed against Sears by several individuals. It is related to a criminal case in which an employee is alleged to have installed hidden cameras in ladies' fitting and restrooms for three years.

Sears lists 79 closures, none in Illinois

Chicago - Sears has announced a partial list of closures. They noted earlier this week that 100-120 in their family of stores would close due to lackluster holiday sales.

Op-Ed: Sears Announcement Blurs Tax Deal in Illinois

It's more than just the closure of Sears that concerns residents and politicians in Illinois, it's the recently passed tax incentive.

Sears Holdings to close over 100 Sears and Kmart stores

Sears Holdings has announced they are looking to close 100 to 120 Sears and Kmart stores due to a large drop in sales over the past year.

Man returns money he stole in the 1940s, with interest

Seattle - An unidentified man has returned the money he stole from Sears decades ago. The man walked into a Seattle Sears store yesterday and handed over an envelope to a customer service counter representative addressed to "Sears Manager".

Ty Pennington hosts Craftsman Experience's one year anniversary Special

Chicago - The Craftsman Experience in Chicago defines itself as "the ultimate DIY-playground," and proudly celebrated its one year anniversary with food, drinks, demonstrations and home improvement all-stars Ty Pennington and Frank Fontana.

Target gets approval to move into Sears complex in San Francisco Special

Big box store and formula retail got another round of debate this past July when the San Francisco Planning Commission got an earful of comments from dozens of people when the

Shoppers enraged over incorrect Sears advertisement for $69 iPad

Hoffman Estates - Sears may face a wave of angry customers after it mistakenly advertised a 16-gigabyte, Wi-Fi only iPad 2 for $69. Online customers were surprised by the deal of a lifetime, but after the confirmation order, Sears cancelled the purchase.

2010 sees significant decline in American TV owners

The image of family gathering together to observe news or other media has been symbolic of American culture for decades. First was the radio, then the television, then movie theatres, then movie rentals and more television.
 

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Sears and Marshall s department stores share the same block of Queens Boulevard in the New York City...
Sears and Marshall's department stores share the same block of Queens Boulevard in the New York City borough of Queens.
Jim.henderson/Wikimedia Commons
SHOPPING! A Sears store anchors the southern end of Sunvalley mall in Concord  Calif.  in 2011.
SHOPPING! A Sears store anchors the southern end of Sunvalley mall in Concord, Calif., in 2011.
InSapphoWeTrust/Wikimedia Commons
Sears sign.
Sears sign.
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Sears
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Sears Store in Southpoint Mall.
Sears Store in Southpoint Mall.
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