Posted by admin! / Under Sears Wishbook
Sears Holdings (SHLD +4.34%) already said it would close as many as 120 Sears and Kmart stores this year in an effort to turn the business around. But that wasn't enough. The struggling retailer said Thursday it will have to tighten its belt even more. Sears is now planning to close 43 Hometown stores, 10 Sears Hardware stores and all nine stores in the Great Indoors chain. Hometown stores are independently operated, and sell hardware in mostly rural areas. Sears is also getting rid of clothing in 10 Sears stores -- perhaps in a test run for a chain-wide initiative...
Published on Saturday 19th of May 2012 09:02:17 AM
continue reading
Posted by admin! / Under Sears Wishbook
The furor over Rush Limbaugh‘s controversial comments directed at Georgetown University law student Sandra Fluke has lead to advertisers dropping his eponymous radio program. 12 advertisers, including Sleep Number, The Sleep Train, Quicken Loans, Legal Zoom, Citrix, Carbonite, ProFlowers, AOL, Bonobos, Sears, and Allstate Insurance have pulled ads from the program, and/or distanced themselves from the show, either permanently or temporarily, ThinkProgress’s Adam Peck reports. “Allstate’s advertising purchase strategy has not included the Rush Limbaugh Show,” the company wrote in a statement on their Facebook page. “Earlier today, we responded to inquiries about our advertising relationship with the show by...
Published on Saturday 19th of May 2012 09:02:17 AM
continue reading
Posted by admin! / Under Sears Wishbook
FEBRUARY 24, 2012 In Retreat, Sears Set to Unload Stores [Subscriber Content Preview] BY MIGUEL BUSTILLO AND DANA MATTIOLI After seven years of trying to rebuild the iconic retailer Sears, hedge-fund manager Edward S. Lampert reversed course on Thursday, announcing that Sears Holdings Corp. will unload more than 1,200 stores in an effort to raise up to $770 million of much-needed cash. Many on Wall Street interpreted the move as the beginning of the breakup of the company. Sears on Thursday reported a loss of more than $3 billion for 2011, and same-store sales have fallen for six straight years....
Published on Saturday 19th of May 2012 09:02:17 AM
continue reading
Posted by admin! / Under Sears Wishbook
Sears Holdings Corp. listed 16 more stores it will close, including five Sears and Kmart sites in Illinois. The closures include a full-line Sears store in downstate Alton; a Sears Grand store in northwest suburban McHenry; and three Kmart stores in west suburban Oak Lawn, north suburban Zion and Peru, in north central Illinois. The full list is available on Sears' website. The additional closings came hours after the money-losing retailer announced dismal fourth-quarter and full-year earnings, and about two months after the Hoffman Estates-based company first announced it would shutter 120 stores. So far, the Hoffman Estates-based company has...
Published on Saturday 19th of May 2012 09:02:17 AM
continue reading
Posted by admin! / Under Sears Wishbook
Closings Announced in Dec. 27, 2011 Sears Holdings Update This list represents 79 of the 100 to 120 store closings that were announced in the December 27, 2011 Sears Holdings press release.Additional updates will be posted to www.searsmedia.com as they become available.Employment varies by store and format and at this time we cannot provide the total number of impacted associates. However, a typical store that is being closed employs between 40 and 80 associates. FORMAT STREET ADDRESS CITY STATE ZIP Sears Hardlines Only 1916 19th Ave Lewiston ID 83501 Sears Hardlines Only Us Hwy 25e - Ste B2 Middlesboro KY...
Published on Saturday 19th of May 2012 09:02:17 AM
continue reading
Posted by admin! / Under Sears Wishbook
Sears Holdings Corp. said Tuesday it will close 100 to 120 of its full-line Sears and Kmart stores as it struggles to attract shoppers. Sales for the fourth quarter are off a disappointing 5.2 percent compared with last year. “Given our performance and the difficult economic environment, especially for big-ticket items, we intend to implement a series of actions to reduce on-going expenses, adjust our asset base, and accelerate the transformation of our business model. These actions will better enable us to focus our investments on serving our customers and members through integrated retail – at the store, online and...
Published on Saturday 19th of May 2012 09:02:17 AM
continue reading
Posted by admin! / Under Sears Wishbook
Between 100 and 120 Sears and Kmart stores will be closed, Sears Holdings said Tuesday, after terrible holiday sales during what is the most crucial time of the year for retailers. Sears has yet to determine which stores will be closed, but there has been a clear shift in where the retailer will devote its resources. The company is moving away from its practice of propping up "marginally performing" stores in hopes of improving their performance. Sears said it will now concentrate on cash-generating stores. "Given our performance and the difficult economic environment, especially for big-ticket items, we intend to...
Published on Saturday 19th of May 2012 09:02:17 AM
continue reading
