Sears Holdings – News Stories About Sears Holdings - Page 1

Apr 19, 2019 8:21 AM CDT

Sears Sues Own Ex-Chairman

Claims Eddie Lampert stripped it of $2B in assets

(Newser) - Sears Holdings Corp. is suing its former chairman and largest shareholder Eddie Lampert, alleging the billionaire stripped the once iconic company of more than $2 billion in assets. The lawsuit, which was filed late Wednesday with the US Bankruptcy Court of the Southern District of New York, also names former...

Sears Might Sell Off
an Iconic Brand

Apr 23, 2018 12:57 PM CDT

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...

Dozens More Sears, Kmart Stores to Close

Sears Corp. Is
Closing 63 Stores

Nov 4, 2017 6:42 AM CDT

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...

Employees Say
Kmart Is on
Its Last Legs

Jul 25, 2016 9:24 AM CDT

Employees Say Kmart Is on Its Last Legs

Company says it's 'focused on restoring profitability'

(Newser) - Kmart says it's "focused on restoring profitability to the company." Employees say it's preparing to declare bankruptcy within a year. As Business Insider reports, Kmart—which has seen sales plummet to less than a third of what they were in 2000—is clearing out stock rooms,...

Kmart Payment
Data Breached
in Latest Hack

Oct 11, 2014 4:09 PM CDT

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...

Sears Chief Wins Worst CEO Award

OPINION

Dec 6, 2007 12:51 PM CST

Sears Chief Wins Worst CEO Award

Lampert beats out crowded field of execs: MarketWatch columnist

(Newser) - There were lots of rotten CEOs this year, writes MarketWatch’s Herb Greenberg, but the man who stood above (below?) the pack was Sears Chairman Eddie Lampert. Lampert is revered for his brilliant trading at ESL Investments, but he’s a bad retail boss, espousing a profit-over-sales ethos that’s...