Content about Kmart Australia

May 17, 2012

Hoffman Estates, Ill.-based Sears Holdings posted net income of $189 million in the quarter, compared with a loss of $165 million in the prior-year period.

After several rounds of closings of Kmart and Sears full-line stores in the past months, revenues decreased $270 million to $9.3 billion for the quarter ended April 28. Domestic comp-store sales declined 1.3% -- 1.0% at Sears Domestic and 1.6% at Kmart. Sears also saw declines in its home appliances and consumer electronics categories.

December 30, 2011

Hoffman Estates, Ill.-based Sears Holdings has identified 80 of the 100 to 120 stores it plans to close as part of a strategy it announced earlier this week.

The list of 80 stores-to-be-closed includes 39 Kmart stores, 25 Sears full-line stores, and 14 Grand/Essentials and two Sears Hardlines Only stores. The list can be seen here.

December 27, 2011

Hoffman Estates, Ill.-based Sears Holdings plans to close 100 to 120 Kmart and Sears full-line stores after reporting a disappointing recent performance. The Tuesday morning announcement -- contained in a press release titled "Sears Holdings Provides Update" --  reported a 5.2% comp-store sales decline for the quarter-to-date period, and a 2.6% decline in the year-to-date period, ended Dec. 25. 

September 14, 2011

Sears Holdings Corp. was one of the winners of the 2nd Annual Colloquy Loyalty Awards – an event presented by LoyaltyOne and Visa – that recognizes "transformative, customer-focused Enterprise Loyalty initiatives" around the world.

The international Master of Enterprise Loyalty award went to Sears Holdings.

August 18, 2011

Losses at Hoffman Estates, Ill.-based Sears Holdings Corp. widened in the second quarter ended July 30. The company's net loss was $146 million, compared with a loss of $39 million in the same quarter last year.

Total revenues decreased to $10.3 billion for the quarter, down slightly from $10.5 billion for the quarter ended July 31, 2010. Kmart's comparable-store sales were flat, and Sears Domestic comparable store sales declined 1.2%.

June 20, 2011

The market on Friday cheered a move by Kmart parent company Sears Holdings to cut 700 positions from the appliance departments at 225 stores. Shares of Sears Holding advanced $2.67 on Friday to close at $74.03 after news of the layoffs was reported Friday morning by the Wall Street Journal.

August 27, 2008

Domestic same-store sales dropped 6.2 percent overall, including a 5.6 percent drop at Kmart stores...

March 2, 2008

Net income for the year was $826 million, down 44.6 percent from $1.5 billion in...

January 22, 2008

“We are introducing an organizational structure that provides operating businesses with greater control, authority and...

November 28, 2007

The retailer reported third-quarter income of $2 million, down from $196 million in the same...

June 30, 2007

If business conditions continue, the company expects earnings of between $160 million and $200 million,...