Stories 1 - 20 |  Next >>

Sears Is Reeling, and Lots More Stores Are Closing

Chain to announce 72 more locations to be shuttered

(Newser) - More big trouble for Sears: The retailing giant plans to close another 72 stores as sales plunge and losses grow. The beleaguered retailer said that it has identified about 100 stores that are no longer turning a profit, and the majority of those locations will be shuttered soon. The company... More »

Sears Might Sell Off an Iconic Brand

CEO offers to buy Kenmore through his hedge fund

(Newser) - Sears' biggest shareholder appears to be pushing for a breakup of the 125-year-old company that has survived two world wars and the Great Depression. Chairman and CEO Edward Lampert—whose hedge fund has forwarded millions in funding to keep the ailing chain afloat—has asked the struggling retailer to sell... More »

Security Breach Hits Delta, Sears Customers

Malware exposed customers' credit card details

(Newser) - Delta Air Lines' payment-card information for about "several hundred thousand" airline customers may have been exposed by a malware breach last fall that also hit Sears and other companies. The airline says that the malware attack may have exposed customers' names, addresses, credit card numbers, card security codes, and... More »

Sears Corp. Is Closing 63 Stores

The 'holiday blowout' has started early

(Newser) - Sears Holdings Corp. says it will be closing another 63 stores as the ailing retailer tries to turn around its business. The Illinois-based company, struggling to keep up with its rivals, said it will shutter 45 Kmart stores and 18 Sears stores in late January, the AP reports. Liquidation sales... More »

After More Than 100 Years, Sears Is Done With Whirlpool

Department store will no longer sell Whirlpool appliances

(Newser) - Sears will no longer sell Whirlpool appliances, ending a business relationship that dates back more than 100 years, the AP reports. In a note sent to its stores last week, Sears said that Whirlpool was making demands that would've made it difficult to sell its appliances at a competitive... More »

The 10 Worst US Employers

Alorica hasn't really charmed its employees

(Newser) - Companies focused on keeping customers happy should perhaps focus a bit more on their own employees. According to 24/7 Wall St. , some of the worst US companies to work for are customer-oriented. The site used Glassdoor reviews from employees to give US employers a rating out of five. The 10... More »

Sears Might Go Bust

Chain says there is 'substantial doubt' about its future

(Newser) - Sears, once the monolith of American retail, says there is "substantial doubt" that it will be able to keep its doors open. Company shares, which hit an all-time low last month, tumbled more than 5% before the opening bell Wednesday, per the AP . Millions of dollars have been funneled... More »

Sears, Kmart Remove Some Trump-Brand Products Online

But company emphasizes hundreds of products are still available

(Newser) - Sears and Kmart have evicted "a very small number" of Trump-branded items from their online stores, but won't specify how many and emphasize that hundreds of products are still available through their third-party online marketplaces, the AP reports. It's another sign of how companies are trying to... More »

Macy's, JC Penney Sued Over Bargains That Aren't Bargains

'Customers have the right to be told the truth about the prices they're paying'

(Newser) - Los Angeles prosecutors on Thursday sued four national retailers, accusing them of duping shoppers into believing they got bigger discounts than they actually did, the AP reports. The separate lawsuits alleging deceptive advertising were filed against JC Penney, Sears, Kohl's, and Macy's, according to the Los Angeles city... More »

Source: Kmart to Close 64 More Stores by Christmas

Liquidation sales reportedly start Thursday

(Newser) - A person familiar with the matter says Kmart is closing 64 stores by mid-December as the ailing company looks for more ways to generate cash, the AP reports. The liquidation sales start Thursday, says the person, who spoke on condition of anonymity because the decision isn't yet being disclosed... More »

Kmart Payment Data Breached in Latest Hack

Customer credit card information at risk: company

(Newser) - If you've shopped at a Kmart store in recent weeks, it may be time to check your credit card records: The company is the latest retailer to fall victim to hackers, it says. Hackers apparently got into Kmart's systems in early September; some credit and debit card numbers... More »

Feds Investigate Possible Breach at Sears

Chain is 'actively reviewing' its systems, but sees no sign of trouble yet

(Newser) - And now Sears? Bloomberg reports that the Secret Service is investigating a possible security breach at the retailer. There's not much more to the story at this point, and so no way to tell whether this might be something on par with Target's breach . In a statement, Sears... More »

Coming to Sears: Drive-Thru Shopping

Order online, drive to the store, and an employee will bring you your stuff

(Newser) - How to compete with online retailers? Sears has one idea: Offer drive-through shopping. The company is introducing "in-vehicle" curbside pickup, a program powered by a mobile app, MarketWatch reports. Customers place an online order, download the Sears app, drive to the store, and use the app to notify Sears... More »

Sears Owner Defies Thanksgiving Order

The day is for family, she tells head office

(Newser) - If you want to go appliance shopping on Thanksgiving evening, forget about doing it at the Sears Hometown store in Plymouth, New Hampshire. Franchise owner Holly Cassiano says it only took a couple of seconds for her to decide to angrily reject the head office's order to open at... More »

Troubled Sears Is 'Burning the Furniture to Stay Warm'

Latest financial results aren't so hot

(Newser) - "They are a zombie retailer, and with [Tuesday's] announcement, they are dismembering their body." Such is the gloomy pronouncement from Belus Capital Advisors honcho Brian Sozzi, who was yesterday discussing Sears with the New York Times . It's not exactly the first time Sozzi has dinged the... More »

QVC Confirms It's Dumping Paula Deen

Sears and Kmart are, too

(Newser) - QVC is apparently finished "reviewing" its relationship with Paula Deen in the wake of her n-word controversy, and not surprisingly, that review did not end with good news for Deen. Deen revealed in a statement yesterday that she and QVC have "agreed that it's best for me... More »

End of an Era? Sears Portrait Studio Closes

Chain might try to find a new photographer

(Newser) - The digital age might have another victim: Sears has shut down its portrait studio, at least for now, after the photography company that has been snapping family portraits for the chain since 1959 abruptly closed up shop, reports the Wall Street Journal . CPI Corp. also ran studios at Walmart and... More »

4 Stores on the Brink in 2013

Best Buy, JC Penney, Sears, RadioShack have their work cut out for them

(Newser) - The retail world is changing, and some old-school giants are struggling to change with it. Today the Wall Street Journal took a look at four companies facing a do-or-die 2013:
  • Best Buy: People still go to Best Buy … to look at things they intend to buy on Amazon later.
... More »

Disney, Sears Linked to Burned-Out Garment Factory

Fire that killed 112 was arson, officials say

(Newser) - Walmart wasn't the only major American retailer selling clothes produced in the Bangladesh factory where at least 112 people died in a fire over the weekend , the AP finds. Account books found in the charred remains reveal the factory took orders from Disney, Sears, and other Western brands. Garments... More »

S&P 500 Drops Sears

Retailer has been part of index since it began in 1957

(Newser) - Observers of the S&P 500 might notice the absence of a familiar name starting Wednesday: Sears is being dropped from the index, after being a part of it since the S&P's creation in 1957, reports CNNMoney . One of the main reasons cited for the move is a... More »

Stories 1 - 20 |  Next >>