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NEWS ABOUT: Kmart

100 Kmart, Sears Stores to Get the Ax

Same-store sales are down 5.2% for the quarter

(Newser) - It seems that the Kardashian Kollection alone wasn't enough to save Sears from a horrible holiday season. Sears Holdings Corp. today announced that it will close between 100 and 120 of its approximately 2,200 Kmart and Sears full-line stores, reports the Wall Street Journal . It expects the sale... More »

Secret Santas Wipe Away Strangers' Layaway Debts

Anonymous donors clearing accounts at Kmarts, Walmarts

(Newser) - A nice fad this holiday season: Secret Santas are going around to Kmarts and Walmarts and paying off the layaway accounts of random strangers. It's happening all over, including stores in Nebraska, Michigan, Iowa, Indiana, South Carolina, and Montana. The AP , NPR and Time round up examples of the... More »

Tweet a Commercial, Make a Quick Buck

Twitterverse split on ethics of Sponsored Tweets

(Newser) - A new company is brokering deals between businesses and Twitterers who want to make a few extra bucks plugging products, Time reports. The founder of the website Sponsored Tweets says 7,000 enterprising Twitterers have signed up for the service in its first month. Twitterers get paid based on a... More »

Desperate in July, Sears Looks to Santa for Bailout

(Newser) - Sears is taking the “Christmas in July” trope to a whole new level. With June retail sales tumbling, the company is looking for a boost by selling actual Christmas products, Time reports. Soon, 372 Sears stores will roll out displays hawking tree ornaments, stocking stuffers, and other decidedly off-season... More »

Slashing Prices Online May Kill Etailers

Price wars sure to kill off some struggling e-tailers

(Newser) - Online retailers’ response to their first dreary holiday season is a price war so fierce many won’t see the new year. Web shoppers are trained to search for deals, and 75% say they would leave a site that doesn't offer free shipping, the New York Times reports. Fine for... More »

Cash-Strapped Shoppers Remember Layaway

No-interest credit appeals to consumers

(Newser) - With consumers strapped and credit short, retailers are reviving an older kind of financing: layaway. Although the arrangement was considered obsolete when Wal-Mart closed its layaway department in 2006, retailers such as TJ Maxx, Goody’s, Marshalls and the Burlington Coat Factory have moved to offer the service, especially as... More »

Slumping Sears Ousts CEO

Board dumps Lewis as part of restructuring plan to boost retailer's falling sales, stock

(Newser) - Sears Holdings CEO Aylwin Lewis will depart as part of company-wide restructuring, the Wall Street Journal reports. Sears stock has plummeted 40% since July, and the retailer's sales were down 3.5% this holiday season. The company, which was created when Kmart Holding Corp. took over Sears in 2005, last... More »

Retailers Await Last-Minute Gift From Shoppers

Procrastinators find big sales, long lines

(Newser) - Last-minute shoppers navigated long lines over the final pre-Christmas weekend, nudging retailers toward the modest growth in sales they’d expected. Deep discounts cut into profits, but retailers like Macy's and Kmart stayed open around the clock to accommodate shoppers, the Wall Street Journal reports. “The procrastinators finally got... More »

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