Content about Kmart

August 16, 2011
Sears appoints new CFO

Sears Holdings announced Tuesday that Robert Schriesheim will join the company as EVP and CFO.

HOFFMAN ESTATES, Ill. — Sears Holdings announced Tuesday that Robert Schriesheim will join the company as EVP and CFO. Schriesheim, who starts with the company immediately as EVP, will assume his responsibilities as CFO, effective Aug. 22.

Schriesheim, 51, most recently was CFO for Hewitt Associates, leading the company's global financial and administrative roles until its merger with Aon.

August 10, 2011
Kmart targets Hispanic moms with online 'telenovela' series

A new video series by Kmart seeks to reach out to Hispanic moms. "Madres y Comadres" is a series of eight Spanish-language videos on YouTube about two Hispanic mothers who work to remain true to their identity while living in the United States.

HOFFMAN ESTATES, Ill. — A new video series by Kmart seeks to reach out to Hispanic moms.

The mass merchandise chain announced Wednesday the launch of "Madres y Comadres," a series of eight Spanish-language videos on YouTube about two Hispanic mothers who work to remain true to their identity while living in the United States. The series is designed as a mock "telenovela" that uses humor and emotion to tap into the challenges that Hispanic women and their families face.

August 3, 2011
Sears' social networking initiatives target Latino market

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.

August 2, 2011
Find the AAAnswers campaign takes screening tour to Kmart pharmacy locations

A multifaceted campaign that advocates for increased awareness and preventive screening for abdominal aortic aneurysms once again is hitting the road with an annual screening tour.

ROANOKE, Va. — A multifaceted campaign that advocates for increased awareness and preventive screening for abdominal aortic aneurysms once again is hitting the road with an annual screening tour.

The Find the AAAnswers campaign will make its first stop on Saturday at a Kmart pharmacy location in Roanoke, Va., followed by nine additional Kmart locations across the country. The campaign will offer free screenings to those interested in learning more about the disease.

July 19, 2011
Reading, writing, value: Kmart heads back to school

Kmart is putting an emphasis on value in its latest back-to-school campaign.

HOFFMAN ESTATES, Ill. — Kmart is putting an emphasis on value in its latest back-to-school campaign.

The retailer's "Epic Year, Epic You!" campaign seeks to meet customers' evolving BTS needs. In addition to underscoring its convenient buying options — including the buy online, pick up in store option and in-store layaway program — Kmart is offering college students and their parents the ability to reserve purchases by making four payments throughout the summer and allowing students to pick up items at a Kmart store near their campus.

July 13, 2011
Ahold USA appoints SVP pharmacy, health and beauty care

The U.S. subsidiary of Dutch supermarket operator Royal Ahold has appointed Raymond McCall SVP pharmacy and health and beauty care, the company said Wednesday.

CARLISLE, Pa. — The U.S. subsidiary of Dutch supermarket operator Royal Ahold has appointed Raymond McCall SVP pharmacy and health and beauty care, the company said Wednesday.

McCall will be responsible for strategic leadership, direction and business plan design and execution for the pharmacy and health and beauty care teams for Ahold USA, which operates the Giant-Carlisle, Giant-Landover and Stop & Shop chains. He will be based out of the company’s Carlisle, Pa., support office.

June 27, 2011
Report: Some branded diabetes drug prices at Walmart, Kmart rise at fast rate

Prices for the top 10 most prescribed branded diabetes drugs have risen faster at Walmart and Kmart than at other retailers, according to a published report.

NEW YORK — Prices for the top 10 most prescribed branded diabetes drugs have risen faster at Walmart and Kmart than at other retailers, according to a published report.

Citing a recent study by researchers at the Mount Sinai Medical Center in New York, Reuters reported that Walmart raised prices for branded diabetes drugs by 32% between 2008 and 2010, compared with 21% for the industry as a whole — including independent and chain retail pharmacies and mail-order companies. Kmart raised prices by 35%.

May 23, 2011
Sears Holdings CFO exits

Kmart parent company Sears Holdings has named William Phelan as acting CFO, replacing Michael Collins, currently SVP and CFO, who resigned last week to pursue another opportunity, the company reported in a Securities and Exchange Commission filing.

HOFFMAN ESTATES, Ill. — Kmart parent company Sears Holdings has named William Phelan as acting CFO, replacing Michael Collins, currently SVP and CFO, who resigned last week to pursue another opportunity, the company reported in a Securities and Exchange Commission filing.

Collins will remain with the company until June 10 in order to ensure a smooth transition, Sears noted in the filing.

May 19, 2011
Sears Holdings meets low expectations in Q1

Kmart parent company Sears Holdings reported a first-quarter net loss of $170 million, or $1.58 per diluted share, in line with the company's expectations for a net loss in the range of $145 million to $195 million, or between $1.35 and $1.81 per diluted share.

HOFFMAN ESTATES, Ill. — Kmart parent company Sears Holdings reported a first-quarter net loss of $170 million, or $1.58 per diluted share, in line with the company's expectations for a net loss in the range of $145 million to $195 million, or between $1.35 and $1.81 per diluted share.

The company reported 2010 net income of $16 million, or 14 cents per diluted share.

May 10, 2011
Report: Kmart parent company considers HQ move

The parent company of Kmart is considering taking its headquarters out of Illinois, according to published reports.

HOFFMAN ESTATES, Ill. — The parent company of Kmart is considering taking its headquarters out of Illinois, according to published reports.

May 3, 2011
Sears gives gloomy outlook ahead of annual meeting

Sears Holdings will host its annual meeting on May 4, and attendees likely will want to know how the company plans to improve sales and return to profitability under the leadership of its new CEO, Lou D’Ambrosio.

HOFFMAN ESTATES, Ill. — Sears Holdings will host its annual meeting on May 4, and attendees likely will want to know how the company plans to improve sales and return to profitability under the leadership of its new CEO, Lou D’Ambrosio.

Ahead of the meeting, the company reported a same-store sales decline of 3.6% for its fiscal first quarter, which included a 1.6% decrease at its Kmart stores and a 5.2% decrease at its Sears Domestic stores.

April 25, 2011
Kmart perseveres with Rx, clinic deals

One has to admire a person who perseveres through hardship and difficulty, and the same goes for companies that keep going and keep trying, no matter what the market throws at them.


April 25, 2011
Payless ShoeSource gets SXY

Payless ShoeSource is expanding its beauty offering with the availability of a new beauty brand, SXY by Unforgettable Moments, arriving in stores this week. Featuring nearly 20 affordable beauty and body items, the new line represents yet more competition for chain drug beauty.

TOPEKA, Kan. — Payless ShoeSource is expanding its beauty offering with the availability of a new beauty brand, SXY by Unforgettable Moments, arriving in stores this week. Featuring nearly 20 affordable beauty and body items, the new line represents yet more competition for chain drug beauty.

The SXY items are available in 1,500 stores and start as low as $4, with nearly all products priced under $10. The new brand joins two other beauty collections in the Payless beauty portfolio: Unforgettable Moments and Zoe & Zac Naturals.

April 12, 2011
Walmart, Sears support troops with employment promises

Walmart and Sears Holdings have both announced their commitment to helping military members maintain employment when moving from one community to another.

BENTONVILLE, Ark. and HOFFMAN ESTATES, Ill. — Walmart and Sears Holdings have both announced their commitment to helping military members maintain employment when moving from one community to another.

The commitment is in line with the new Joining Forces initiative, launched by First Lady Michelle Obama and Jill Biden to raise awareness around the challenges that military personnel and their spouses endure when moving from one community to another.

April 11, 2011
Sears boosts in-store, online beauty presence

Following the success of its 13-store test in 2010, Sears has announced that it now is expanding its in-store cosmetic departments to more than 100 stores and online.

HOFFMAN ESTATES, Ill. — Following the success of its 13-store test in 2010, Sears has announced that it now is expanding its in-store cosmetic departments to more than 100 stores and online.

The staffed beauty departments include such mass brands as Revlon, L'Oréal, Maybelline and CoverGirl. The concept also includes nail care from Sally Hansen, Nicole by OPI and Essie, as well as skin care and fragrances.

April 4, 2011
Kmart reveals Hot 8 list for summer toys

Kmart has named the top eight toys for the summer.

HOFFMAN ESTATES, Ill. — Kmart has named the top eight toys for the summer.

The toys on the Hot 8 list all are designed for outdoor use and are made by such brands as Power Wheels, Little Tikes and Fisher Price.

This year's Hot 8 list includes:

  • Banzai Splash Blast Lagoon pool;

March 4, 2011
H20 spring water debuts 'Rango'-themed packaging

A spring water brand is rolling out new packages through a new marketing partnership with Paramount Pictures/Nickelodeon Movies.

WESTON, Fla. — For a limited time, a spring water brand is rolling out new packaging through a new marketing partnership with Paramount Pictures/Nickelodeon Movies.

H20 said its new "Rango"-themed bottles, which will be available through May, feature the namesake character from the animated film. H20 also launched a commercial starring Rango, the company said.

H20 products are available at Kmart, Whole Foods and other retailers.

March 2, 2011
Kmart kicks off annual March of Dimes campaign

Kmart is continuing its support of the March of Dimes by collaborating with the organization for the 28th time.

HOFFMAN ESTATES, Ill. — Kmart is continuing its support of the March of Dimes by collaborating with the organization for the 28th time.

The retailer said it would raise funds to benefit the organization, whose goal is to help improve the health of babies by preventing birth defects, premature birth and infant mortality. Last year, Kmart associates raised more than $10.5 million through donations from customers, family and friends to benefit the lives of millions of babies that are born in the United States each year.

February 24, 2011
Kmart's gains offset by Sears declines in Q4

Mass merchandiser Kmart had sales of $4.99 billion during fourth quarter 2010 and $15.6 billion for the year as a whole, according to an earnings statement released Thursday by parent company Sears Holdings.

HOFFMAN ESTATES, Ill. — Mass merchandiser Kmart had sales of $4.99 billion during fourth quarter 2010 and $15.6 billion for the year as a whole, according to an earnings statement released Thursday by parent company Sears Holdings.

The sales for the quarter, which ended Jan. 29, were a slight improvement over fourth quarter 2009 sales of $4.92 billion, while the annual sales represented a decline in dollar terms from 2009’s $15.74 billion. Comparable-store sales for the year increased in percentage terms, by 0.7%, while quarterly sales increased by 2.5%.

February 22, 2011
Kmart emphasizes flu shots at its pharmacies

Kmart on Monday implemented a discounted offer on flu shots to those who have not yet been vaccinated.

HOFFMAN ESTATES, Ill. — Kmart on Monday implemented a discounted offer on flu shots to those who have not yet been vaccinated.

Kmart said it is offering customers $15 flu shots, while supplies last, and also will offer 15,000 points (a $15 value) to members of its Shop Your Way Rewards loyalty program, when a vaccination is purchased.

The flu shots are available at more than 500 Kmart Pharmacy locations and are administered by trained practitioners.

February 1, 2011
NewsBytes on CVS’ Merlo, Walmart health efforts, Michel now at Sears and more

WOONSOCKET, R.I. — The next chapter for CVS Caremark officially is under way. The company last month officially named Larry Merlo CEO, effective March 1. Tom Ryan will remain nonexecutive chairman until his retirement in May. Prior to the news, Merlo had been president and COO.

January 31, 2011
Kmart, Steve Harvey help 'share the word' on Black History Month

Kmart announced that it is teaming up with comedian Steve Harvey for its Share the Word campaign celebrating Black History Month.

HOFFMAN ESTATES, Ill. — Kmart announced that it is teaming up with comedian Steve Harvey for its Share the Word campaign celebrating Black History Month.

According to the company, this year's installment of the Share the Word program was designed to spotlight the unique bonds found in black communities that historically have driven the progression of African-Americans.

January 18, 2011
Sears names supermarket veteran Michel chief of food, health and pharmacy efforts

Fast on the heels of her departure from Ahold USA’s Giant Foods of Landover supermarket unit, Robin Michel has been tapped for an increasingly critical role at retail giant Sears Holdings. Michel, who left as president of Giant-Landover in December 2010, will serve as SVP and president of food and consumables, health and beauty and pharmacy at Sears and its Kmart subsidiary.

HOFFMAN ESTATES, Ill. — Fast on the heels of her departure from Ahold USA’s Giant Foods of Landover supermarket unit, Robin Michel has been tapped for an increasingly critical role at retail giant Sears Holdings. Michel, who left as president of Giant-Landover in December 2010, will serve as SVP and president of food and consumables, health and beauty and pharmacy at Sears and its Kmart subsidiary.

January 17, 2011
Sears Holdings unveils year-end outlook

Sears Holdings released its year-end outlook for the fiscal year 2010 ending Jan. 29.

HOFFMAN ESTATES, Ill. — Sears Holdings released its year-end outlook for the fiscal year 2010 ending Jan. 29.

For the full year, the company expects a net income of $210 million, with a fourth-quarter income expectation of between $370 million and $450 million, offsetting the company’s past two quarterly losses.

The company also posted up-to-date comparable-store sales for both its Sears Domestic and Kmart stores.

For the quarter-to-date, comparable-store sales for its Sears stores were down 5.3%, with Kmart stores seeing an increase of 3.4%.

January 11, 2011
Kmart up, Sears down in December

A 2.3% same-store sales gain at Kmart was not enough to offset a 6% decline at Sears, resulting in an overall 1.7% decline for the combined companies' domestic operations during the five-week December reporting period ended Jan. 1.

HOFFMAN ESTATES, Ill. — A 2.3% same-store sales gain at Kmart was not enough to offset a 6% decline at Sears, resulting in an overall 1.7% decline for the combined companies' domestic operations during the five-week December reporting period ended Jan. 1.