Latest Sears Holdings Corp News

Sears' biggest holder bids $4.6B for rest of bankrupt chain

Dec. 6, 2018 4:07 PM EST

NEW YORK (AP) — Eddie Lampert and his ESL Holdings hedge fund are offering to buy the rest of Sears for up to $4.6 billion in cash and stock in a move to stave off liquidation. The Sears chairman and ESL founder own just under half of the Hoffman Estates, Illinois, company, according to FactSet. Sears...

Hedge fund run by Sears CEO Eddie Lampert want to spend $4.6 billion to take control of the storied department store

Dec. 6, 2018 9:02 AM EST
NEW YORK (AP) — Hedge fund run by Sears CEO Eddie Lampert want to spend $4.6 billion to take control of the storied department store .

Retailers aim to pick up business from defunct, dying rivals

Nov. 21, 2018 12:41 PM EST

NEW YORK (AP) — Toys R Us and Bon-Ton may be gone but they haven't been forgotten. Companies like Target and online mattress company Casper are creating playbooks to pick up market share that those and other defunct or dying retailers left behind. Casper, for instance, is teaming up with department stores...

Walmart flexes its muscle against Amazon

Nov. 15, 2018 3:04 PM EST

NEW YORK (AP) — Walmart may be bruised by Amazon, but it's learning how to fight back. The world's largest retailer delivered strong third-quarter results Thursday, extending a streak of sales growth into its 11th straight quarter that was helped by services such as online grocery pickup. It also raised...

JC Penney withdraws profit guidance, cuts sales outlook

Nov. 15, 2018 1:14 PM EST

NEW YORK (AP) — J.C. Penney withdrew its profit guidance and lowered its sales expectations for the year, leading to a big drop in its stock in early trading before shares recovered. Sales at stores open at least a year, a key gauge of a retailer's health, declined 5.4 percent during the third quarter....

Sears suppliers haunted by ghost of Toys R Us

Oct. 25, 2018 2:10 PM EDT

NEW YORK (AP) — Since filing for Chapter 11 bankruptcy, Sears Holdings Corp. has been trying to convince suppliers to keep shipping it merchandise by touting the $300 million in financing it has secured so that its business can continue operating through the holidays. But a growing number of manufacturers...

Sears' bankruptcy will have ripple effect, not all of it bad

Oct. 16, 2018 6:18 PM EDT

NEW YORK (AP) — Sears' Chapter 11 bankruptcy filing will have ripple effects on everything from landlords to suppliers to workers. Many vendors, which had already enforced stricter payment terms on Sears, are refusing to ship merchandise to stores. The company will further shrink its workforce, which has...

Q&A: What shoppers need to know about Sears' bankruptcy

Oct. 16, 2018 12:53 AM EDT

NEW YORK (AP) — Sears, once the nation's largest retailer, filed for Chapter 11 bankruptcy protection Monday, hurt by falling sales and its massive debt. The owner of Sears and Kmart stores says it will continue to operate through the bankruptcy. Here's what shoppers need to know: ___ WILL STORES BE OPEN?...

The Amazon of its day, Sears' woes were years in the making

Oct. 16, 2018 12:06 AM EDT

Before there was Amazon — or, for that matter, Home Depot or Walmart or Kmart — there was Sears. From its beginnings as a mail-order watch business in Minneapolis 132 years ago, the company grew to become America's everything-under-one-roof store and the biggest retailer in the world. For...

Girdles and socket wrenches: Sears was the Amazon of its day

Oct. 15, 2018 5:16 PM EDT

Before there was Amazon — or, for that matter, Home Depot or Walmart or Kmart — there was Sears. From its beginnings as a mail-order watch business in Minneapolis 132 years ago, the company grew to become America's everything-under-one-roof store and the biggest retailer in the world. For...