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Canada's Hudson's Bay is fishing for young fashionistas

Canada's Hudson's Bay is fishing for young fashionistas

11/09/2019 - 10:39
When Sears Canada announced it was closing all of its stores in 2017, Hudson’s Bay Co (HBC) saw an opportunity: HBC’s Canadian department store chain would swoop in and snatch Sears’s customers. Managers gradually added mid-price apparel to stores from Nova Scotia to British Columbia and waited for sales to take off.  read more
'People aren't spending': stores close doors in 'oversaturated' US retail market

'People aren't spending': stores close doors in 'oversaturated' US retail market

03/04/2017 - 15:47
Boarded-up shops are a common sight in cities across the country as Macy’s, Sears and JCPenney struggle and Credit Suisse downgrades the retail sector read more
Sears details survival strategy

Sears details survival strategy

15/02/2017 - 10:28
It’s not over yet for the embattled Sears Holdings, which is streamlining its operations on the heels of what appears to be a brutal fourth quarter.  read more
Sears Holdings adds to Trump defections

Sears Holdings adds to Trump defections

14/02/2017 - 10:04
The Trump brand at retail has taken another hit.  read more
Sears swaps discounts for donations

Sears swaps discounts for donations

15/12/2016 - 09:56
Sears is taking the saying, “it is better to give than to receive” to heart. read more
Conn’s names former Sears exec as new chief - USA

Conn’s names former Sears exec as new chief - USA

10/09/2015 - 08:43
Texas – Conn’s Inc. named a new CEO as part of a planned succession, and announced it beat Wall Street expectations for profit in the second quarter. read more
Sears Canada swings to loss in Q4 - Canada

Sears Canada swings to loss in Q4 - Canada

26/02/2015 - 11:19
Toronto – Sears Canada Inc. swung from profit to loss in a dismal fourth quarter of fiscal 2014. The retailer reported a net loss of $123.6 million in the fourth quarter of fiscal 2014, compared to net income of $373.7 million in the same period a year earlier. read more
Sears loss widens but beats estimates - USA

Sears loss widens but beats estimates - USA

08/12/2014 - 09:38
Illinois – Sears Holdings Corp. reported a third quarter fiscal 2014 net loss of $548 million, up from the $534 million loss it reported in the year-ago period but smaller than its previously estimated. Cost-cutting measures helped Sears reduce its net loss growth. read more
Sears Canada, J.P. Morgan to end credit card agreement in Nov. 2015 - Canada

Sears Canada, J.P. Morgan to end credit card agreement in Nov. 2015 - Canada

18/11/2014 - 09:44
Toronto - J.P. Morgan Chase & Co. will reportedly end its agreement to issue credit cards for Sears Canada when the term expires Nov. 15, 2015.  read more
Kmart is latest victim of US retail data breach - USA

Kmart is latest victim of US retail data breach - USA

13/10/2014 - 11:53
Washington - Discount retailer Kmart said Friday that a data breach of its systems had compromised some customers' debit and credit card numbers, in the latest cyber security attack against a major US store. read more
Kmart to close at least eight stores - USA

Kmart to close at least eight stores - USA

13/10/2014 - 11:17
Illinois – Kmart Corp. will close at least eight stores by the end of 2014 as part of broader cost-cutting moves by parent company Sears Holding Corp. read more
Sears narrows Q4 loss as it cuts costs and inventory; sales drop 14%

Sears narrows Q4 loss as it cuts costs and inventory; sales drop 14%

28/02/2014 - 08:29
Hoffman Estates, Ill. - Sears Holdings Corp. narrowed its loss for the fourth quarter as it lowered expenses and reduced inventory.  read more
Sears Q2 loss widens amid weakening sales and loyalty programme discounts

Sears Q2 loss widens amid weakening sales and loyalty programme discounts

23/08/2013 - 08:23
Hoffman Estates, Ill. -- Sears Holdings’ second-quarter loss widened as the company was challenged with store closings, weak sales and deep discounts. Its performance was also impacted by the lingering effects from its spinoff of its Hometown and Outlet Stores banner.  read more
Sears Holdings to improve omni-channel distribution operations

Sears Holdings to improve omni-channel distribution operations

07/08/2013 - 09:45
Hoffman Estates, Ill. -- Sears Holdings has selected HighJump Software, a global provider of supply chain management software, to help the company manage its distribution network. read more
Sears Hometown Q1 profit falls 27%

Sears Hometown Q1 profit falls 27%

10/06/2013 - 09:38
Hoffman Estates, Ill. -- Sears Hometown and Outlet Stores Inc. reported a 27% drop in first-quarter earnings amid a cool spring throughout much of the country and rising costs. But the company, a spinoff from Sears Holdings Corp., pointed to improving signs in late spring. read more
Sears Canada lays off 700 employees

Sears Canada lays off 700 employees

04/02/2013 - 08:32
New York -- Sears Canada is letting go of 700 workers as part of a plan to "right-size" the operation. read more
US: Sears CEO's exit raises concerns about turnaround

US: Sears CEO's exit raises concerns about turnaround

09/01/2013 - 10:22
(Reuters) - Shares of Sears Holdings Corp (SHLD.O) fell more than 5 percent on Tuesday after the retailer said Chief Executive Louis D'Ambrosio was leaving the company, raising concerns that the drive to improve its namesake stores could stall. read more