Content about Sears Holdings Corporation

September 7, 2012

Kmart has removed its layaway service fee both in stores and online through Nov. 17.

HOFFMAN ESTATES, Ill. — Kmart has removed its layaway service fee both in stores and online through Nov. 17.

The mass retailer, which offers the program year round, said the decision to make the program free "emphasizes the company's commitment to delivering value and convenience to customers, acknowledging family budgets are strained during the holiday."

August 16, 2012

A new company formed by leading U.S. retailers is looking to offer consumers a mobile commerce experience that will combine the convenience of paying at the register with customizable offers.

DALLAS — A new company formed by leading U.S. retailers is looking to offer consumers a mobile commerce experience that will combine the convenience of paying at the register with customizable offers.

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.

August 8, 2012

Kmart said it has adjusted its approach to back to school by increasing the number of stores that sell uniforms and aligning its back-to-school sales periods by region to match that of the local school districts.

HOFFMAN ESTATES. Ill. — Kmart said it has adjusted its approach to back to school by increasing the number of stores that sell uniforms and aligning its back-to-school sales periods by region to match that of the local school districts.

August 3, 2012

Kmart announced it is providing its customers with back-to-school offers.

HOFFMAN ESTATES, Ill. — Kmart announced it is providing its customers with back-to-school offers.

Until Aug. 18, the retailer said its shoppers will receive 5% off new in-store layaway purchases and noted that online shoppers also can utilize online layaway or shop online and pick up items in stores. Kmart also said for the back-to-school season, its Shop Your Way loyalty program is offering the following deals:

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.

June 4, 2012

Kmart parent company Sears Holdings announced the appointment of Scott Huckins to the post of VP and corporate treasurer.

HOFFMAN ESTATES, Ill. — Kmart parent company Sears Holdings announced the appointment of Scott Huckins to the post of VP and corporate treasurer.

Huckins joins the company from RSC Holdings, where he served as VP and treasurer, responsible for global treasury, credit and investor relations activities.

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 7, 2012

Sears has launched SearsLocalAd.com, an online service that provides customers with access to additional local deals beyond the weekly Sears print circular or Sears.com.

HOFFMAN ESTATES, Ill. — Sears has launched SearsLocalAd.com, an online service that provides customers with access to additional local deals beyond the weekly Sears print circular or Sears.com.

The online shopping portal is dedicated to local customers, allowing them to shop smarter by previewing new local deals updated every week, and includes enhancements for Sears' Shop Your Way Rewars members.

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 3, 2012

The recent loss of business from a key specialty pharmacy customer and the continued deluge of generic introductions will represent significant challenges for Cardinal Health in fiscal year 2013 as it approaches the year-end of its fiscal 2012, company executives told analysts during a conference call Thursday morning.

DUBLIN, Ohio — The recent loss of business from a key specialty pharmacy customer and the continued deluge of generic introductions will represent significant challenges for Cardinal Health in fiscal year 2013 as it approaches the year-end of its fiscal 2012, company executives told analysts during a conference call Thursday morning.

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.

April 25, 2012

On the final evening of the National Association of Chain Drug Stores' annual meeting in Palm Beach, Fla., the organization honored two industry leaders with chain pharmacy's highest honors.

PALM BEACH, Fla. — On the final evening of the National Association of Chain Drug Stores' annual meeting in Palm Beach, Fla., the organization honored two industry leaders with chain pharmacy's highest honors.

NACDS recognized Andrew Giancamilli, former Rexall Pharma Plus CEO and past NACDS chairman, with the Sheldon W. Fantle Lifetime Achievement Award. M. Jerome Brown, former Unilever VP industry and customer development, received the Robert B. Begley Award.

February 23, 2012

"Integrated retail" was the dominant theme as executives discussed Kmart operator Sears Holdings' plans to restore confidence in the company after a fourth quarter 2011 that even the company's chief executive called "unacceptable" during an earnings call Thursday.

HOFFMAN ESTATES, Ill. — "Integrated retail" was the dominant theme as executives discussed Kmart operator Sears Holdings' plans to restore confidence in the company after a fourth quarter 2011 that even the company's chief executive called "unacceptable" during an earnings call Thursday.

February 17, 2012

The owner of Sears and Kmart stores reportedly is cutting 100 jobs at its headquarters in Hoffman Estates, Ill.

HOFFMAN ESTATES, Ill. — The owner of Sears and Kmart stores reportedly is cutting 100 jobs at its headquarters in Hoffman Estates, Ill.

According to published reports, Sears Holdings spokesman Chris Brathwaite said the cuts cover a range of positions and that the terminated employees were notified Thursday.

The retailer has not said whether additional cuts are planned.

February 17, 2012

Sears is striving to help customers get healthy with a series of innovations that integrate in-store and online fitness retailing. A key component of the initiative is its “Fitness Flagship” store-within-a-store concept.

HOFFMAN ESTATES, Ill. — Sears is striving to help customers get healthy with a series of innovations that integrate in-store and online fitness retailing. A key component of the initiative is its “Fitness Flagship” store-within-a-store concept.


February 17, 2012

Kmart operator Sears Holdings is emphasizing a program that it said is designed to empower African-American entrepreneurs.

HOFFMAN ESTATES, Ill. — Kmart operator Sears Holdings is emphasizing a program that it said is designed to empower African-American entrepreneurs.

The company said it would continue its "Share the Word?" program through 2012, its fifth year, and focus on African-American entrepreneurs with the Own a Sears Store program.

January 30, 2012

Walgreens on Monday announced its acquisition of the prescription files and inventory from 33 Kmart pharmacies in 16 states.

DEERFIELD, Ill. — Walgreens on Monday announced its acquisition of the prescription files and inventory from 33 Kmart pharmacies in 16 states.

Walgreens will purchase the pharmacy patient files and transfer them to nearby Walgreens pharmacies, the company stated.

Walgreens completed the acquisition of the first pharmacy's prescription files and inventory Jan. 27 in Rice Lake, Wis. Acquisition of the other Kmart prescription files and inventory is subject to certain customary terms and conditions, and is anticipated to happen throughout February.

January 27, 2012

Meijer announced Friday some structural changes to its business, including the appointment of a chief operating officer, a newly created position.

GRAND RAPIDS, Mich. — Meijer announced Friday some structural changes to its business, including the appointment of a chief operating officer, a newly created position.

Meijer said its EVP merchandising and marketing J.K. Symancyk will serve in the new role. Symancyk will report Meijer president Mark Murray.

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 5, 2012

Sears Holdings recently finished its latest "Fitness Flagship" store-within-a-store, which it now has at more than 30 Sears stores, the retailer said.

HOFFMAN ESTATES, Ill. — Sears Holdings recently finished its latest "Fitness Flagship" store-within-a-store, which it now has at more than 30 Sears stores, the retailer said.

Sears Holdings, which operates the Sears and Kmart store chains, said the 6,000-sq.-ft. stores feature polished hardwood stores, tall mirrors and expanded fitness equipment layouts designed to resemble a gym.

January 3, 2012

Kmart's parent company delivered some not-so-happy holiday news last week.

HOFFMAN ESTATES, Ill. — Kmart's parent company delivered some not-so-happy holiday news last week.

Sears Holdings said last Tuesday that it will close between 100 and 120 underperforming Kmart and Sears stores, following dismal holiday sales results for the brands.

The company said it has not yet identified which stores will be shuttered, but said that the closures are part of an overall plan to shift its focus from shoring up underperformers to concentrating its efforts on stronger stores.

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.

December 9, 2011

Kmart.com customers have the opportunity to save up to 70% across popular categories on Dec. 12.

HOFFMAN ESTATES, Ill. — Kmart.com customers have the opportunity to save up to 70% across popular categories on Dec. 12.

The day, dubbed Green Monday by parent company Sears Holdings, provides more than 500 deals that are as good as Cyber Monday prices, the company reported.

The promotion also is being held on Sears.com.