Content about Sears Holdings

May 24, 2013
Sears swings to loss in Q1

Sears Holdings posted a net loss of $279 million in the first quarter, compared to earnings of $189 million in the same quarter last year. 

Revenue from merchandise sales and services declined 8.8% to $8.45 billion. 

May 6, 2013
Harley-Davidson rides into home improvement

Craftsman and Harley-Davidson have teamed to produce co-branded, special-edition tool storage products available now in Sears stores and online.

As part of the partnership, Craftsman

April 16, 2013
Craftsman expands to 2,000-plus Ace stores

The Oak Brook, Ill.-based co-op says it intends to spread the word about the growth of Craftsman products in Ace stores.

Oak Brook, Ill.-based Ace Hardware says the rollout of the Craftsman brand across its network of stores has crossed the 2,000 location milestone. 

Since Ace signed a deal in 2010 with Sears to bring Craftsman products to Ace stores, more than 2,000 neighborhood Ace stores now offer a full line assortment of more than 650 Craftsman products, the co-op announced today.

April 4, 2013
Kmart launches new lines for backyard

Sears Holdings VP of seasonal and outdoor living points to outdoor furniture improvements.

Kmart says it is launching several new lines of "on-trend and affordable" patio collections for the spring selling season. 

The retailer points to collections from La-Z-Boy, Garden Oasis, Country Living and longtime legacy brand Jaclyn Smith, as well as home items from lifestyle TV star Sandra Lee.

March 18, 2013
Energy Star honors Sears Holdings

The U.S. Environmental Protection Agency has recognized Sears Holdings with a 2013 Energy Star Partner of the Year - Sustained Excellence Award for its continued leadership in protecting the environment through superior energy efficiency.

The U.S. Environmental Protection Agency has recognized Sears Holdings with a 2013 Energy Star Partner of the Year - Sustained Excellence Award for its continued leadership in protecting the environment through superior energy efficiency. This year, Sears Holdings is being awarded for both its role as a retailer of Energy Star-certified products and for energy management in its stores. Sears Holdings' accomplishments will be recognized at an awards ceremony in Washington, D.C., on March 26.

February 28, 2013
Sears narrows its losses in Q4

Sears Holdings posted sales declines for both its fourth quarter and full year, but the Hoffman Estates, Ill.-based retail icon narrowed its losses significantly.

Hoffman Estates, Ill.-based Sears Holdings posted sales declines for both its fourth quarter and full year, but the retail icon narrowed its losses significantly.

The company's net loss for the fourth quarter was $489 million, compared with a loss of $2.4 billion in the year-ago quarter. For the full year, the company narrowed its loss to $930 million from $3.1 billion.

October 23, 2012
Sears Holdings approves spinoff of Canada business

Sears Holdings' board of directors has approved the previously announced spinoff of a portion of its interest in Sears Canada Inc.

October 19, 2012
Sears Holdings expands relationship with Teradata

Sears Holdings has added the Teradata Active Enterprise Data Warehouse Platform 6690 to its existing Teradata analytic environment.

Sears has also added the new Teradata ADW Private Cloud with Elastic Performance on Demand for on-demand business analytics. By having flexible data-crunching capacity on the Teradata Private Cloud, users can efficiently and economically address surges in business activity, driven by such events as the holiday shopping seasons, launch of marketing campaigns, unexpected high demand or seasonal demand swings, the ompany said.

October 12, 2012
Sears Holdings completes divestment of Hometown, Outlet businesses

Sears Holdings has successfully separated out its Sears Hometown and Outlet Stores businesses.

August 30, 2012
Sears falls off the S&P 500

Sears Holdings will lose its spot in the S&P 500 after the close of trading on Sept. 4. It will be replaced by chemical maker LyondellBasell (LYB).

August 16, 2012
Sears Q2 net loss narrows

Hoffman Estates, Ill.-based Sears Holdings reported a second-quarter net loss of $132 million, compared with a loss of $146 million in the year-ago period.

August 13, 2012
Sears to compete in Energy Star building competition

Sears Holdings said Friday it has again been selected to participate in the U.S. Environmental Protection Agency's Energy Star National Building Competition: Battle of the Buildings.

For the third consecutive year, Sears will participate in the competition, this year entering 56 facilities that will compete against thousands of other teams representing buildings across the country. All efforts will be focused on eliminating waste through improvements in energy efficiency with help from EPA's Energy Star program.

May 22, 2012
Change of directors at Sears Canada

Just days after Sears Holdings announced plans to partially spin off its Canadian division, Sears Canada appointed a new board member and said goodbye to another. 

May 17, 2012
Sears swings to profit in first quarter

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.

May 4, 2012
Ahead of annual meeting, Sears predicts Q1 income growth

Ahead of its annual shareholders' meeting, Sears Holdings has provided first-quarter guidance calling for net income of $155 million to $195 million (between $1.46 and $1.84 per diluted share from continuing operations) versus a net loss from continuing operations of $165 million ($1.53 loss per diluted share from continuing operations) for the first quarter in 2011. The above range includes approximately $235 million, after tax and minority interest, of gains from the sale of certain U.S. and Canadian stores. These transactions generated $440 million of cash proceeds.

March 23, 2012
New appliance leader named at Sears

Former Sony Electronics executive, Steve Haber, is joining Sears Holdings as SVP and president, home appliances. 

In his new role with Sears Holdings, Haber will lead the company's effort to continue driving profitable growth in its industry-leading appliance business.

March 15, 2012
Sears closure count increases, including 10 hardware stores

According to an article in the Chicago Tribune, the closing of 43 Sears hometown dealer stores and 10 Sears Hardware stores are planned for the first half of 2012.

The latest revelation on Sears' plans to cut its expenses and transform its business came from its annual report, which was released late Wednesday. 

March 6, 2012
Sears Canada stores closing in three major cities

Sears Canada is closing three downtown stores in Vancouver, Calgary and Ottawa. The move follows an announcement last month by Sears Holdings, the majority owner of Sears Canada, that it will raise about $770 million by spinning off parts of its business and selling prime real estate.

January 3, 2012
Sears brings in a new merchandising leader

Sears Holdings hired Ron Boire as executive VP and chief merchandising officer. 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 the company's leadership team to better serve its customers and Shop Your Way Rewards Members by integrating their experiences across stores, online, services and mobile capabilities, the company said.

December 30, 2011
Sears lists 80 stores to close

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
Sears Holdings to close 100-plus stores

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. 

November 18, 2011
Sears Holdings still positive despite negative Q3

Sears Holdings remains positive about its future despite reporting a wider loss for the third quarter and comps declines across its retail segments. The company reported a net loss of $421 million, or $3.95 per diluted share, for the third quarter of 2011, compared with a net loss of $218 million, or $1.98 loss per diluted share, in 2010. 

October 17, 2011
Sears equips store associates with iPads, iPod Touch devices

Sears Holdings has begun the staged rollout of Apple iPads and Apple iPod Touch devices, starting with nearly 450 stores nationwide. The move is designed to enhance the relationship between customers and associates, while improving the overall in-store shopping experience, Sears said. 

September 29, 2011
DieHard auto batteries enter Meijer stores

Sears Holdings has entered into a licensing agreement to distribute DieHard Gold auto batteries at Meijer Corp.'s 194 locations. Earlier this year, Meijer began selling DieHard brand portable power chargers and jump chargers.

The key to the expansion of the Sears brand is a license agreement with East Penn Manufacturing to distribute the products.

September 28, 2011
Orchard’s “super hardware” strategy 


Orchard Supply Hardware has gone through a lot of changes in its 80-year history, but the California chain — now numbering 89 units with $660.7 million in annual sales — has weathered them all. Changes in ownership, leadership, store design, color scheme and signage have come and gone. But the stores’ customers — known for their exceptional loyalty — have generally stuck with the chain.