Content about Sears

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.

November 19, 2012

Sears Holdings, the parent company of Kmart and Sears, is looking to shift its business model to one that focuses on members of its Shop Your Way program and their shopping experience, the company said in its third quarter 2012 earnings report.

HOFFMAN ESTATES, Ill. — Sears Holdings, the parent company of Kmart and Sears, is looking to shift its business model to one that focuses on members of its Shop Your Way program and their shopping experience, the company said in its third-quarter 2012 earnings report.

November 6, 2012

Kmart and Sears are offering free shipping for certain online orders as the holiday shopping season approaches.

HOFFMAN ESTATES, Ill. — Kmart and Sears are offering free shipping for certain online orders as the holiday shopping season approaches.

Sears Holdings, the company that operates the two chains, said customers with orders of $49 or more from Kmart.com, Sears.com and MyGofer.com can receive free shipping. The company cited a recent "Sears Online Holiday Shopping Survey" that found most online shoppers listed shipping costs as their primary frustration with buying gifts online.

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.

November 2, 2012

Sears Holdings has announced that Ryan Vero will join the company as SVP and president of grocery, drug and pharmacy.

HOFFMAN ESTATES, Ill. — Sears Holdings has announced that Ryan Vero will join the company as SVP and president of grocery, drug and pharmacy.

Vero most recently served as the EVP and chief merchandising/marketing officer for OfficeMax. In his new role with Sears Holdings, Vero will be responsible for the oversight, leadership and growth, both in-store and online, for the company's grocery, drug and pharmacy businesses.

October 29, 2012

Sears Holdings said it was “rushing” emergency supplies to stores on the East Coast ahead of Hurricane Sandy.

HOFFMAN ESTATES, Ill. – Sears Holdings said it was “rushing” emergency supplies to stores on the East Coast ahead of Hurricane Sandy.

The company, which operates the Sears and Kmart chains, said it would stock up on portable generators, chainsaws, gasoline cans, flashlights and other equipment at stores from North Carolina to Maine.

October 17, 2012

Kmart is looking for five interns for a new program designed to provide opportunities to Hispanic women.

HOFFMAN ESTATES, Ill. — Kmart is looking for five interns for a new program designed to provide opportunities to Hispanic women.

October 8, 2012

Kmart and Sears are eliminating layaway service fees, starting a layaway home-delivery service and new in-store mobile features for what the company expects to be the busiest shopping season since 2007.

HOFFMAN ESTATES, Ill. — Kmart and Sears are eliminating layaway service fees, starting a layaway home-delivery service and new in-store mobile features for what the company expects to be the busiest shopping season since 2007.

October 3, 2012

Sears Holdings now is offering its Kmart and Sears customers the option of ship-to-home delivery for items purchased through online layaway.

HOFFMAN ESTATES, Ill. — Sears Holdings now is offering its Kmart and Sears customers the option of ship-to-home delivery for items purchased through online layaway.

The new service, also available on store kiosks, now enables shoppers to select, purchase and have the items delivered directly to their homes, bypassing the layaway line altogether. Both retailers will begin the exclusive layaway ship-to-home service starting Nov. 7.

Sears has also joined Kmart in removing all layaway service fees both online and in-store leading up to the holiday season.

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.

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 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 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.

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 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.