In a formal proposal, ESL Investments said it was seeking to purchase Sears Holdings’ Kenmore brand, as well as the retailer’s home improvement unit. ESL Investments is a hedge fund controlled by the chief executive of Sears Holdings, Eddie Lampert, Retail Dive reported. The hedge...
A month after Sears Auto Center announced a deal with Amazon to provide full-service tire installation and balancing for customers, the company is bringing the offering to more of its locations. Sears Auto Center has added an additional 71 shops to the program — on top of the 47...
Sears Holdings will close 28 more Kmart stores as the firm looks to further cut costs. The upcoming closures will come in addition to 300 Kmart and Sears locations slated to cease operation by the end of 2017, some of which have already shut their...
It’s been a rough time for Sears. From its 8.8 percent revenue tumble in its Q2 earnings to the recent announcement sharing it is closing an additional eight of its namesake stores, the big box retailer seems to be struggling to survive. In an effort...
August 23, 2018
Months after Sears Holdings Corp. announced that it would shutter 72 more stores as a result of falling sales, the retailer has announced another round of store closures. Sears plans to close 46 more stores this fall in the U.S., CNBC reported. “We continue to evaluate our network of stores, which is a critical component […]
August 16, 2018
In a formal proposal, ESL Investments said it was seeking to purchase Sears Holdings’ Kenmore brand, as well as the retailer’s home improvement unit. ESL Investments is a hedge fund...
June 13, 2018
A month after Sears Auto Center announced a deal with Amazon to provide full-service tire installation and balancing for customers, the company is bringing the offering to more of its locations. Sears Auto Center...
August 25, 2017
Sears Holdings will close 28 more Kmart stores as the firm looks to further cut costs. The upcoming closures will come in addition to 300 Kmart and Sears locations slated...
