Kmart

Costco Buys Last Mile Services Business From Sears For $1 Billion

Costco has purchased Innovel Solutions, the last mile delivery and installation business owned by Sears holding company Transform Holdco (TFCO), for $1…

Lampert Hedge Fund Makes $4.6 Billion Bid For Sears

ESL Investments, the hedge fund run by Sears Holdings Chairman Eddie Lampert, has submitted a $4.6 billion bid for the retailer. Sears…

Sears Reportedly Closing 40 More Stores; Additional Closures On The Way

Sears will shutter an additional 40 Sears and Kmart stores in February 2019, and may announce even more closures on Nov. 15,…

Kmart-Within-A-Sears Concept Adds Groceries To Department Store

Sears Holdings is testing a new initiative to reverse its fortunes by putting small, Kmart-branded convenience stores inside Sears locations, according to…

Former Kmart President To Lead Pier 1 Imports

Pier 1 Imports has tapped former Kmart President Alasdair James as its new President and CEO, effective May 1, 2017. James announced…

Bad Times At Macy’s And Sears Mean Good Times For Dollar General And TJX

The mass store closings and divestitures occurring at Macy’s and Sears have been a rude awakening for the two iconic retailers, with…

Sears To Close 150 More Stores, Sell Craftsman For $900 Million

Although it’s a new year, the same old struggles at the iconic Sears brand haven’t slowed down. The century-old retailer is closing…

Sears And Kmart Closing 30 Stores In Early 2017

It’s no secret 2016 was no picnic for the retail industry. And for Sears, the new year is shaping up to be…

Can Department Stores Save Face During The Holiday Season?

It’s no secret: over the past year, department stores have struggled to keep up with their more nimble counterparts — both in…

JCPenney Increases Comp Sales 2.2% In Q2, Finds Buyer For Dallas HQ

It seems as though JCPenney is on track to turn its business around. The department store announced its second quarter financial results,…

Sears Secures $500 Million Loan To Enhance Omnichannel Capabilities

Sears Holding Corporation’s subsidiaries have secured a 15-month, $500 million loan, designed to give the company financial flexibility as it transforms itself…