Content about Sears

September 16, 2013

Sears Holdings is hoping to obtain a new loan in order to reduce borrowings from an older loan agreement, the company said Monday.

HOFFMAN ESTATES, Ill. — Sears Holdings is hoping to obtain a new loan in order to reduce borrowings from an older loan agreement, the company said Monday.

Sears Holdings, the parent company of mass merchandiser Kmart, said it had issued a notice that it intended to obtain an incremental term loan of up to $1 billion.

August 27, 2013

More than 150 programmers competed over three days to develop mobile apps that interface with Sears Holdings' Shop Your Way loyalty program as part of the retailer's Startup + Developer Challenge code-a-thon.

HOFFMAN ESTATES, Ill. — More than 150 programmers competed over three days to develop mobile apps that interface with Sears Holdings' Shop Your Way loyalty program as part of the retailer's Startup + Developer Challenge code-a-thon.

August 26, 2013

Members of Sears Holdings Corp.'s loyalty program can increase their reward points by linking certain credit and debit cards to their accounts, the retailer said Monday.

HOFFMAN ESTATES, Ill. — Members of Sears Holdings Corp.'s loyalty program can increase their reward points by linking certain credit and debit cards to their accounts, the retailer said Monday.

The company said members of the Sears and Kmart Shop Your Way program could link up to three eligible Visa cards to their account and use it at any number of Reward Partner merchants, such as Burger King, Popeyes, Louisiana Kitchen, Picture People, Public Storage and 1-800-Flowers.com.

August 22, 2013

Sears Holdings Corp.'s losses grew in second quarter 2013, while EBITDA fell despite growth in the company's online business and loyalty program, the parent company of Kmart said.

HOFFMAN ESTATES, Ill. — Sears Holdings Corp.'s losses grew in second quarter 2013, while EBITDA fell despite growth in the company's online business and loyalty program, the parent company of Kmart said Thursday.

August 6, 2013

A new system allows members of Sears Holdings' Shop Your Way loyalty program to donate the same way they would give to a wedding registry.

HOFFMAN ESTATES, Ill. — A new system allows members of Sears Holdings' Shop Your Way loyalty program to donate the same way they would give to a wedding registry.

The Charity Gift Registry allows customers to purchase an item and donate it to a child in need in the store, through mobile or online. Items include sports equipment, yard games, puzzles, toys, art supplies and board games. Share Our Strength's No Kind Hungry campaign is the first cause to be supported by the registry. The group aims to end childhood hunger by providing children with healthy food.

July 25, 2013

Kmart is letting customers reserve items online and then pay for it and pick it up at the store, the mass merchandise retailer said.

HOFFMAN ESTATES, Ill. — Kmart is letting customers reserve items online and then pay for it and pick it up at the store, the mass merchandise retailer said.

The chain, a subsidiary of Sears Holdings, said the nationwide launch of Pay in Store for members of the Shop Your Way loyalty program marked a first in the company's "integrated retailing" program, calling it an example of how it is evolving to provide a seamless and integrated shopping experience for members, whether they shop online, through mobile or at the store.

July 22, 2013

Kmart has raised more than $7.6 million this year for the March of Dimes, the mass merchandise retailer said in marking the 30th year of its funding commitment to the organization.

WHITE PLAINS, N.Y. — Kmart has raised more than $7.6 million this year for the March of Dimes, the mass merchandise retailer said in marking the 30th year of its funding commitment to the organization.

The retailer, owned by Sears Holdings, said it has raised almost $114 million in total for the infant health-focused group and is its largest corporate sponsor.

July 22, 2013

Sears is offering electronic coupons for back-to-school shopping that it's calling the first of their kind.

HOFFMAN ESTATES, Ill. — Sears is offering electronic coupons for back-to-school shopping that it's calling the first of their kind.

The retailer announced Monday that it was the first retailer to offer "eCoupons" that can be redeemed in the store, online and from a mobile device, personalized for members of the Shop Your Way loyalty program based on their interests, style preferences and shopping habits. Members can download the coupons at ShopYourWay.com or through the mobile app and receive rewards like 2% back in points when using their Sears MasterCard.

June 19, 2013

A top executive of Sears and Kmart is among the retail executives appointed to the board of directors of a retail industry lobbying group.

ARLINGTON, Va. — A top executive of Sears and Kmart is among the retail executives appointed to the board of directors of a retail industry lobbying group.

The Retail Industry Leaders Association announced Wednesday the appointment of Sears Holdings Corp. president for Sears and Kmart, EVP and chief merchandising officer Ron Boire. Other executives include CEOs of The Home Depot, 7-Eleven, Petco Animal Supplies and J.C. Penney Co.

May 30, 2013

Sears Holdings Corp. has given an award to a healthcare inventory logistics company for results from its pharmacy inventory management and compliance software.

WESTLAKE, Texas — Sears Holdings Corp. has given an award to a healthcare inventory logistics company for results from its pharmacy inventory management and compliance software.

May 28, 2013

Black turned to red for Kmart parent company Sears Holdings as the company reported losses of $279 million for first-quarter 2013, compared with a $189 million profit in first-quarter 2012.

HOFFMAN ESTATES, Ill. — Black turned to red for Kmart parent company Sears Holdings as the company reported losses of $279 million for first-quarter 2013, compared with a $189 million profit in first-quarter 2012.

At the same time, despite a 3.6% decline in comps during the quarter for the company's U.S. business, online business for its Sears.com and Kmart.com website grew by 20%, and members of its Shop Your Way loyalty program generated more than 60% of sales.

May 9, 2013

Sears Holdings has appointed Jeff Balagna as EVP and chief information officer, the Kmart parent company said Thursday.

HOFFMAN ESTATES, Ill. — Sears Holdings has appointed Jeff Balagna as EVP and chief information officer, the Kmart parent company said Thursday.

Balagna was previously chief information officer for drug maker Eli Lilly and will be responsible for Sears Holdings' technology and infrastructure initiatives in its support centers and in-store.

May 2, 2013

Among the highlights of the first Sears Holdings shareholder meeting since Edward Lampert became chairman and CEO were details on the company's progress in combining its brick-and-mortar and online businesses.

HOFFMAN ESTATES, Ill. — Among the highlights of the first Sears Holdings shareholder meeting since Edward Lampert became chairman and CEO were details on the company's progress in combining its brick-and-mortar and online businesses.

April 23, 2013

An armed robber allegedly stole sensitive electronic information on pharmacy customers from a Kmart store in Little Rock, Ark., last month, the mass merchandise retailer said.

HOFFMAN ESTATES, Ill. — An armed robber allegedly stole sensitive electronic information on pharmacy customers from a Kmart store in Little Rock, Ark., last month, the mass merchandise retailer said.

April 17, 2013

Sears Holdings has launched a service that it said would offer a simple, cost-effective way for businesses to manage storage, picking, packing and shipping of customer orders from Sears Marketplace and other places a merchant sells products.

HOFFMAN ESTATES, Ill. — Sears Holdings has launched a service that it said would offer a simple, cost-effective way for businesses to manage storage, picking, packing and shipping of customer orders from Sears Marketplace and other places a merchant sells products.

Fulfilled By Sears allows merchants to market and sell to members of the company's Shop Your Way Rewards program. Sears said members of the program buy and spend more and recently exceeded 60% of Sears transactions and sales.

April 15, 2013

The mass merchandise retailer has garnered significant attention with its "Ship My Pants" ad, which has received close to 7.4 million views on YouTube and coverage in news outlets nationwide.

NEW YORK — If Kmart has proven anything, it's the transcendental power of potty humor. But at any rate, the mass merchandise retailer has garnered significant attention with its "Ship My Pants" ad, which has received close to 7.4 million views on YouTube and coverage in news outlets nationwide.

The ad is for a service the chain offers whereby customers who can't find what they're looking for in the store can order it online and have it shipped to them.

March 25, 2013

Kmart is collecting donations for the March of Dimes Foundation for the 30th year in a row, the mass merchandise retailer said.

HOFFMAN ESTATES, Ill. — Kmart is collecting donations for the March of Dimes Foundation for the 30th year in a row, the mass merchandise retailer said Monday.

Kmart said that since 1983, it had raised more than $106 million for the non-profit group, which is focused on the needs of mothers and infants, including $8 million last year.

March 18, 2013

The Environmental Protection Agency has given Sears Holdings a 2013 Energy Star Partner of the Year - Sustained Excellence Award, the company said Monday.

HOFFMAN ESTATES, Ill. — The Environmental Protection Agency has given Sears Holdings a 2013 Energy Star Partner of the Year - Sustained Excellence Award, the company said Monday.

Sears Holdings, which operates Kmart, said its efforts to promote sustainability and energy efficiency would be recognized at a ceremony in Washington on March 26.

The company has been an Energy Star partner since 1998.

March 1, 2013

Kmart is distributing extra points to members of its loyalty program to mitigate the effects of high living costs, the retailer said Friday.

HOFFMAN ESTATES, Ill. — Kmart is distributing extra points to members of its loyalty program to mitigate the effects of high living costs, the retailer said Friday.

The mass merchandise retail chain said it would distribute more than $150 million worth of points to Shop Your Way Rewards members across the country, allowing them to redeem the extra points through March 7 on such items as groceries, clothing, electronics and home goods.

March 1, 2013

Sears Holdings is adding some of its own fare to its mygofer.com offering, an online grocery service that "turbo-charges brick-and-mortar retailer assortments by allowing customers to get items from those stores where and when they want them in new, convenient ways."

"At mygofer, your list is our command," Sears tells shoppers on its website. "Shop with us for your prescriptions, groceries, beauty products, clothes, shoes, electronics and a whole lot more you might not expect. So whatever's on your list, we can help you get it — with incredible speed and no hassles. That's convenience."

Sears Holdings is adding some of its own fare to its mygofer.com offering, an online grocery service that "turbo-charges brick-and-mortar retailer assortments by allowing customers to get items from those stores where and when they want them in new, convenient ways." 

February 28, 2013

Kmart's comps declined 3.7% for the fourth quarter and fiscal year 2012, while parent company Sears Holdings' integrated online business grew by 25% for the quarter and 17% for the year, Sears Holdings said Thursday.

HOFFMAN ESTATES, Ill. — Kmart's comps declined 3.7% for the fourth quarter and fiscal year 2012, while parent company Sears Holdings' integrated online business grew by 25% for the quarter and 17% for the year, Sears Holdings said Thursday.

Sears' U.S. stores, on the other hand, posted a 0.8% increase in comps for the fourth quarter and a 1.4% decrease for the year, while the company's Canadian stores saw comps decline by 3.8% for the quarter and 5.6% for the year.

February 26, 2013

Sears Holdings will add some of its own products and allow customers to pick up products ordered from its flagship store in Chicago on the same day, according to published reports.

NEW YORK — Sears Holdings will add some of its own products and allow customers to pick up products ordered from its flagship store in Chicago on the same day, according to published reports.

February 15, 2013

Sears Holdings, the parent company of mass merchandiser Kmart, is throwing its support behind a bill that would grant states authority to enforce existing sales tax laws and require out-of-state online retailers to collect and remit sales taxes on sales made to their residents.

HOFFMAN ESTATES, Ill. — Sears Holdings, the parent company of mass merchandiser Kmart, is throwing its support behind a bill that would grant states authority to enforce existing sales tax laws and require out-of-state online retailers to collect and remit sales taxes on sales made to their residents.

The Marketplace Fairness Act was sponsored by Sens. Dick Durbin, D-Ill.; Mike Enzi, R-Wyo.; Lamar Alexander, R-Tenn.; and Heidi Heitkamp, D-N.D.; as well as Reps. Steve Womack, R-Ark.; Kristi Noem, R-S.D.; Peter Welch, D-Vt.; and John Conyers, D-Mich.

February 4, 2013

The company that operates Canada's Rexall and Rexall Pharma Plus retail pharmacy chains has hired on a former Sears Canada executive.

MISSISSAUGA, Ontario — The company that operates Canada's Rexall and Rexall Pharma Plus retail pharmacy chains has hired on a former Sears Canada executive.

Katz Group Canada announced Monday the appointment of Sharon Driscoll as EVP and CFO.

January 8, 2013

The CEO of Sears Holdings is stepping down due to unspecified family health reasons, the company said.

HOFFMAN ESTATES, Ill. — The CEO of Sears Holdings is stepping down due to unspecified family health reasons, the company said.

Sears, the parent company of Kmart, said Lou D'Ambrosio would step down on Feb. 2, the end of the company's fiscal year. Edward Lampert will assume the role of CEO and chairman, while D'Ambrosio will remain on the board until the company's next annual meeting, in May 2013.