Content about Discount stores

December 18, 2012

The parent company of Sears and Kmart has elected an executive from the New York Mets to its board of directors.

HOFFMAN ESTATES, Ill. — The parent company of Sears and Kmart has elected an executive from the New York Mets to its board of directors.

Sears Holdings announced the appointment of Mets VP player development and amateur scouting Paul DePodesta. His election to the board brings the total number of board members to eight.

December 13, 2012

Target announced plans to open a new store in Baltimore by October 2013. The retail giant has said approximately 200 new team members will be hired for the new location, part of the Canton Crossing Shopping Center on Boston Street.

MINNEAPOLIS — Target announced plans to open a new store in Baltimore by October 2013. The retail giant has said approximately 200 new team members will be hired for the new location, part of the Canton Crossing Shopping Center on Boston Street.

November 27, 2012

Target will sponsor a tour across Canada that will visit more than 20 communities ahead of the planned opening of its stores in the country, the mass-merchandise retailer said Tuesday.

MISSISSAUGA, Ontario — Target will sponsor a tour across Canada that will visit more than 20 communities ahead of the planned opening of its stores in the country, the mass-merchandise retailer said Tuesday.

The tour will start in Halifax, Nova Scotia, and conclude in British Columbia in the middle of December. Target plans to open 124 stores in Canada starting in March and April 2013.

November 2, 2012

Sears and Kmart are offering more than a quarter-million dollars in rewards for members of their loyalty program and sending emergency equipment from 42 distribution centers in the wake of Hurricane Sandy, parent company Sears Holdings said.

HOFFMAN ESTATES, Ill. — Sears and Kmart are offering more than a quarter-million dollars in rewards for members of their loyalty program and sending emergency equipment from 42 distribution centers in the wake of Hurricane Sandy, parent company Sears Holdings said.

October 16, 2012

Target should be feeling confident about its upcoming entry into Canada, as a recent survey from Kantar Retail and TNS Canada revealed that 75% of Canadians are aware of the retailer.

CAMBRIDGE, Mass. — Target should be feeling confident about its upcoming entry into Canada, as a recent survey from Kantar Retail and TNS Canada revealed that 75% of Canadians are aware of the retailer.

Furthermore, 43% of Canadian consumers said that they were likely to shop at Target Canada for grocery or health and beauty aids and 50% were likely to shop at Target Canada for general merchandise or apparel.

August 16, 2012

Sears Holdings, the parent company of Kmart, posted a 3.7% decline in same-store sales and a $132 million loss for second quarter 2012, according to financial results announced Thursday.

HOFFMAN ESTATES, Ill. — Sears Holdings, the parent company of Kmart, posted a 3.7% decline in same-store sales and a $132 million loss for second quarter 2012, according to financial results announced Thursday.

July 18, 2012

For nearly 30 years, Kmart has been helping to improve the health of babies in partnership with the March of Dimes and, in 2012, the retailer raised $8 million to benefit the organization, bringing Kmart’s total contribution throughout the partnership to $106 million.

WHITE PLAINS, N.Y. — For nearly 30 years, Kmart has been helping to improve the health of babies in partnership with the March of Dimes and, in 2012, the retailer raised $8 million to benefit the organization, bringing Kmart’s total contribution throughout the partnership to $106 million.

Kmart, which is a subsidiary of Sears Holdings, has made working on behalf of the health and wellness of children a company-wide effort involving management, associates and customers throughout all the company's in-store activities and events.

May 23, 2012

Kmart has introduced a walk-in bill payment service in its stores, the mass merchandise retail chain said Wednesday.

HOFFMAN ESTATES, Ill. — Kmart has introduced a walk-in bill payment service in its stores, the mass merchandise retail chain said Wednesday.

Kmart announced the introduction of the CheckFreePay walk-in bill payment service from Fiserv, which allows customers at all of the chain's stores to pay bills from more than 3,000 companies, including utility, credit card and auto loan bills, for $1.50 or less per transaction, with cash or a PIN-based debit card.

May 18, 2012

Sears Holdings reported profits of $189 million during first quarter 2012, compared with a $165 million loss in first quarter 2011, the company said.

HOFFMAN ESTATES, Ill. — Sears Holdings reported profits of $189 million during first quarter 2012, compared with a $165 million loss in first quarter 2011, the company said.

"We are pleased with the results for the first quarter and our progress toward restoring profit growth and transforming our company," president and CEO Lou D'Ambrosio said.

May 4, 2012

Kmart is introducing prescription pet medications at its stores, the mass merchandise retail chain said Friday.

HOFFMAN ESTATES, Ill. — Kmart is introducing prescription pet medications at its stores, the mass merchandise retail chain said Friday.

The company said the new program was designed to make it easier for customers to get branded and generic pet drugs and more convenient to shop for the whole family. More than 60% of American households own a pet, and families spent more than $50 billion on their pets in 2011, according to the American Pet Products Association.

May 1, 2012

Sears Holdings, the parent company of Kmart, expects to make a profit of between $155 million and $195 million in first quarter 2012, compared with a $165 million loss in first quarter 2011, the company said Tuesday.

HOFFMAN ESTATES, Ill. — Sears Holdings, the parent company of Kmart, expects to make a profit of between $155 million and $195 million in first quarter 2012, compared with a $165 million loss in first quarter 2011, the company said Tuesday.

In a statement released in advance of its annual shareholders meeting Wednesday, Sears Holdings said the profit includes $235 million from the sales of stores in the United States and Canada, which generated $440 million of cash proceeds.

March 30, 2012

The news that Target has revealed the locations of its first 12 stores in Quebec is just one more reminder that the competition in Canada is really going to heat up.

WHAT IT MEANS AND WHY IT'S IMPORTANT — The news that Target has revealed the locations of its first 12 stores in Quebec is just one more reminder that the competition in Canada is really going to heat up.

(THE NEWS: Target confirms locations of 12 Quebec debut stores. For the full story, click here)

January 27, 2012

Just a few weeks after unveiling the locations of its first 24 stores in Canada, Target released an expanded list of stores that will debut in 2013.

MINNEAPOLIS — Just a few weeks after unveiling the locations of its first 24 stores in Canada, Target released an expanded list of stores that will debut in 2013.

The stores listed included two in Alberta, two in British Columbia, 29 in Ontario and one in Saskatchewan. Additional details can be viewed here.

January 6, 2012

One of the most enduring rules of business is that when customers stop coming through the door, then the time has come for a reinvention.

WHAT IT MEANS AND WHY IT'S IMPORTANT — One of the most enduring rules of business is that when customers stop coming through the door, then the time has come for a reinvention.

Recent decisions by Sears Holdings indicate that despite its financial problems, it's not too late for a comeback. The hiring of Ron Boire to head merchandising could give it new direction, while the introduction of the Fitness Flagship store-within-a-store allows Sears to capitalize on an area in which it has long specialized while taking advantage of the growing interest in health and wellness.

January 6, 2012

Target revealed Thursday the locations of the first 24 Canadian stores.

MINNEAPOLIS — Target revealed Thursday the locations of the first 24 Canadian stores.

Target said the stores will open in March/early April 2013 and will be located in Brampton, Mississauga and Toronto, among others. Additional locations will be announced in the coming months.

January 3, 2012

Kmart parent company Sears Holdings hired Ron Boire as EVP, chief merchandising officer and president of Sears and Kmart formats.

HOFFMAN ESTATES, Ill. — Kmart parent company Sears Holdings hired Ron Boire as EVP, chief merchandising officer and president of Sears and Kmart formats.

Boire, who previously was president and CEO of Brookstone, will lead merchandising and retail stores for both the Sears and Kmart brands.

"He will work with our leadership team to better serve our customers and Shop Your Way Rewards Members by integrating their experiences across our stores, online, services, and mobile capabilities," the company said.

November 18, 2011

Target is selling off the pharmacy business of the Zellers stores it bought as part of an effort to expand into Canada and start over, according to published reports.

NEW YORK — Target is selling off the pharmacy business of the Zellers stores it bought as part of an effort to expand into Canada and start over, according to published reports.

Toronto-based newspaper The Globe & Mail reported that Target would sell Zellers' scripts to other retailers as it prepared to close the stores down for remodeling. The company plans to re-open them as Target stores, with pharmacies, in 2013. Industry observers value Zellers' pharmacy business at about C$500 million, according to the newspaper.

November 9, 2011

Sears and Kmart have entered the future of staying connected to consumers introducing mobile shopping walls in high-traffic areas.

HOFFMAN ESTATES, Ill. — Sears and Kmart have entered the future of staying connected to consumers introducing mobile shopping walls in high-traffic areas.

The shopping walls, which will feature top toys that customers can purchase from their smartphones by scanning the products' QR code, will be available in select malls across the United States, and, for Kmart only, in movie theater lobbies in major markets. Additionally, shoppers can find the Sears and Kmart mobile walls in airports in Chicago, Dallas, Denver and Puerto Rico, and at bus shelters nationwide.

October 31, 2011

With the holiday season just around the corner, Sears Holdings is aiming to make shopping more rewarding by offering five times the Shop Your Way Rewards points — equal to 5% back — on all qualifying purchases.

HOFFMAN ESTATES, Ill. — With the holiday season just around the corner, Sears Holdings is aiming to make shopping more rewarding by offering five times the Shop Your Way Rewards points — equal to 5% back — on all qualifying purchases.

The offer, which is available to all Sears credit cardholders who also are Shop Your Way Rewards members, begins immediately at both Sears and Kmart stores, and will continue year-round at Kmart. Sears is providing the offer until Jan. 28, 2012.

September 1, 2011

Sears and Kmart stores announced that they are supporting emergency relief efforts in a dozen states to help residents recover from Hurricane Irene’s damaging winds and floodwaters.

NEW YORK — Sears and Kmart stores announced that they are supporting emergency relief efforts in a dozen states to help residents recover from Hurricane Irene’s damaging winds and floodwaters.

Sears and Kmart stores will offer discounts on recovery items in stores throughout Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Rhode Island and Vermont.

Key discounts include:

Kmart:

August 18, 2011

Kmart comparable-store sales were flat, and Sears U.S. sales declined by 1.2% during second quarter 2011, according to an earnings report released Thursday.

HOFFMAN ESTATES, Ill. — Kmart comparable-store sales were flat, and Sears U.S. sales declined by 1.2% during second quarter 2011, according to an earnings report released Thursday.

August 15, 2011

Target is adding fresh, handmade food to its small-format store in Chicago, the mass merchandiser said.

MINNEAPOLIS — Target is adding fresh, handmade food to its small-format store in Chicago, the mass merchandiser said.

Target announced that Pret A Manger would open a location inside the State Street CityTarget when the store opens next July. The London-based café chain sells sandwiches, soups, salads, coffee and other items, and operates stores in several U.S. and U.K. cities and Hong Kong.

August 3, 2011

Sears Holdings is launching a Facebook page and a Twitter handle to address Latino consumers, the retailer said Wednesday.

SAN JUAN, Puerto Rico — Sears Holdings is launching a Facebook page and a Twitter handle to address Latino consumers, the retailer said Wednesday.

Hoffman Estates, Ill.-based Sears Holdings, which operates the Sears department store chain and the Kmart mass-merchandise chain, announced the creation of Facebook.com/SearsLatino and, on Twitter, @SearsLatino.

June 27, 2011

Walmart Canada has agreed to assume leasehold interests from Target Canada in up to 39 sites that currently are operated by Zellers.

MISSISSAUGA, Ontario — Walmart Canada has agreed to assume leasehold interests from Target Canada in up to 39 sites that currently are operated by Zellers.

Specific locations will be identified later this fall. Terms of this transaction were not disclosed.

The sites are among up to 220 possible sites whose leasehold interests Target is acquiring as part of a real-estate transaction announced in January. In May, Target selected its initial group of 105 sites, the vast majority of which will become Target stores.

June 20, 2011

Target is poised to become an even more significant player in the world of health, wellness and beauty in the coming years, assuming the company can execute a range of initiatives designed to grow sales to $100 billion and double earnings per share to at least $8.



MINNEAPOLIS — Target is poised to become an even more significant player in the world of health, wellness and beauty in the coming years, assuming the company can execute a range of initiatives designed to grow sales to $100 billion and double earnings per share to at least $8.