Sears Holdings Corp. filed documents with the Securities and Exchange Commission (SEC) on April 30 indicating its plans to spin off its Hometown and Outlet stores into a separate company, according to an article in the Chicago Tribune.
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.
Dev Mukherjee, president of the home appliances business at Sears for the past 16 months, has departed the company, according to an article in the Chicago Tribune. A replacement will be named “in a few weeks,” according to a Sears spokesman.
According to an article in the Chicago Tribune, former Home Depot executive Matthew Pitts has joined SMS Assist as chief operating officer.
At Atlanta-based Home Depot, Pitts was VP building services and had worked at the retailer for about 20 years. SMS is a facilities maintenance company based in Chicago. It serves about 24,000 locations.
Craftsman Tools will soon be sold through Costco, adding another retailer to the list of outlets that includes brand-owner Sears, Kmart and, more recently, Ace Hardware stores.
The Chicago Tribune reported Sears Holdings Corp. CEO Louis D'Ambrosio supplied a strong dose of optimism at the Hoffman Estates, Ill.-based retailer's annual meeting, the day after the company warned of falling sales.
The Chicago Tribune reported Sears Holdings Corp. CEO Louis D'Ambrosio supplied a strong dose of optimism at the Hoffman Estates, Ill.-based retailer's annual meeting, the day after the company warned of falling sales.
James Gee Sr., an early pioneer of the home center concept in the Chicago area, died at his home on March 9, according to an obituary in the Chicago Tribune. He was 93 years old.
Former Ace Hardware buyer Michael Ross, 51, died unexpectedly on Feb. 13 after a long period of rehabilitation following a motorcycle accident nearly 20 years ago, according to a notice in the Chicago Tribune.
Ross grew up in Skokie, Ill. He is survived by his brother, Harry Ross.
