Content about Cook County, Illinois

April 15, 2014

Sears Holdings has named Arun Arora pany as senior VP and president, Home Services.

Hoffman Estates, Ill. -- Sears Holdings has named Arun Arora pany as senior VP and president, Home Services. In his new role with the company, Arora will be accountable for all aspects of the company's Home Services business, including in-home repair services, service contracts, carry-in repair, Sears home improvement services, parts direct, commercial sales (all Sears Holdings product categories) and Sears franchise businesses.

April 15, 2014

Several Sears Outlet stores across the country have new owners. Locations in Oceanside, Ontario, and Corona, Calif., are now owned by Tony Lutfi.

Hoffman Estates, Ill. – Several Sears Outlet stores across the country have new owners. Locations in Oceanside, Ontario, and Corona, Calif., are now owned by Tony Lutfi. Lutfi and his team now own and operate 11 Sears Outlet stores, 17 Sears Home Appliance Showrooms and three Sears Appliance & Hardware Stores.

In addition, Sears Outlet stores Tempe and Gilbert, Ariz. have a new owner, Keith Edquist. Edquist also owns another Sears Outlet store and seven Sears Home Appliance Showrooms.

 

April 7, 2014

Sears Holdings Corporation completed its spin-off of Lands' End Inc. on April 4.

Hoffman Estates, Ill. -- Sears Holdings Corporation completed its spin-off of Lands' End Inc. on April 4. The specialty apparel company has now been separated from Sears Holdings and its common stock is expected to begin regular-way trading on the Nasdaq Capital Market under the symbol "LE" on April 7.

April 7, 2014

Sears Holdings announced that William Hutchinson will join the company as senior VP and president, supply chain.

Hoffman Estates, Ill. -- Sears Holdings announced that William Hutchinson will join the company as senior VP and president, supply chain. Hutchinson, who most recently served as VP of global fulfillment and logistics for Dell, succeeds Raj Penkar who has led the company's supply chain business unit since 2011. Penkar will retire from Sears Holdings on May 31.

In his new role with the company, Hutchinson will be accountable for all aspects of the company's supply chain, including distribution, transportation, customs compliance and global sourcing.

April 3, 2014

The U.S. Environmental Protection Agency (EPA) has recognized Sears Holdings with a 2014 Energy Star Partner of the Year – Sustained Excellence Award.

Hoffman Estates, Ill. -- The U.S. Environmental Protection Agency (EPA) has recognized Sears Holdings with a 2014 Energy Star Partner of the Year – Sustained Excellence Award. Sears Holdings, an Energy Star partner since 1998, will be honored for its long-term commitment to energy efficiency.

The company's related accomplishments in 2013 included:

March 28, 2014

Sears Hometown and Outlet Stores Inc. opens a new store in Webster, Texas, on March 28. Each Sears Outlet Store, on average, offers shoppers more than 18,000-sq.-ft. of retail space.

Hoffman Estates, Ill. – Sears Hometown and Outlet Stores Inc. opens a new store in Webster, Texas, on March 28. Each Sears Outlet Store, on average, offers shoppers more than 18,000-sq.-ft. of retail space.

March 17, 2014

Sears Holdings Corp. said its board has approved the spin on of its Lands’ End business, effective April 4, according to a filing with the U.S. Securities and Exchange Commission.

New York -- Sears Holdings Corp. said its board has approved the spin on of its Lands’ End business, effective April 4, according to a filing with the U.S. Securities and Exchange Commission.
 
The agreement, which was announced in December, will make Lands' End an independent company that will trade on the Nasdaq under the symbol “LE.”

Sears stockholders on record as of March 24 will receive about 0.3 shares of Lands' End common stock for each share of Sears they own.

March 13, 2014

Tractor Supply Co., the largest rural lifestyle retail store chain in the United States, announced that Robert D. Mills has joined the company as senior VP and CIO, succeeding James Callison, who is retiring.

BRENTWOOD, Tenn. -- Tractor Supply Co., the largest rural lifestyle retail store chain in the United States, announced that Robert D. Mills has joined the company as senior VP and CIO, succeeding James Callison, who is retiring. As part of the succession plan, Callison will stay with Tractor Supply until a smooth transition is completed.

February 27, 2014

Sears Holdings’ CEO Eddie Lampert strongly defended his company in his annual letter to shareholders, saying not only does he believe Sears is headed in the right direction, but that “the entire retail industry is headed to where we already are.”

New York -- Sears Holdings’ CEO Eddie Lampert strongly defended his company in his annual letter to shareholders, saying not only does he believe Sears is headed in the right direction, but that “the entire retail industry is headed to where we already are.”

February 21, 2014

Sears Hometown and Outlet Stores, Inc. has opened a new Sears Appliance & Hardware Store located in Huntsville, Texas.

Hoffman Estates, Ill. - Sears Hometown and Outlet Stores, Inc. has opened a new Sears Appliance & Hardware Store located in Huntsville, Texas. The store was the fourth Sears Appliance & Hardware Store to open in 2013 and will celebrate its official grand opening Feb. 28-March 1.

The new 18,000-sq.-ft. store offers in-store services such as blade sharpening, key cutting and screen repair, as well as products typically found in local hardware stores, such as fasteners and electrical and plumbing supplies.

February 21, 2014

Sears Hometown and Outlet Stores, Inc. has opened a new Sears Home Appliance Showroom store in Vallejo, Calif.

Hoffman Estates, Calif. - Sears Hometown and Outlet Stores, Inc. has opened a new Sears Home Appliance Showroom store in Vallejo, Calif. The new store is hosting its grand opening celebration Feb. 28-March 1, and was the 20th Sears Home Appliance Showroom Store to open in 2013.

February 21, 2014

Sears Hometown and Outlet Stores Inc. has opened two new Sears Hometown Stores.

Hoffman Estates, Ill. – Sears Hometown and Outlet Stores Inc. has opened two new Sears Hometown Stores. The stores are located in Longmont, Colo. and Wenatchee, Wash., and will celebrate their official grand openings Feb. 28-March 1.

The stores were the 15th and 16th Sears Hometown Stores to open in 2013. If a product is not available in-stores, Sears Hometown Store associates can order customers any product from the entire merchandise selection offered by Sears.

 

February 10, 2014

Sears has debuted In-Vehicle Pickup, a new service powered by the chain’s Shop Your Way mobile app that enables customers to pick up their online purchases at any Sears store within five minutes of arrival, without ever leaving the car.

Hoffman Estates, Ill. -- Sears has debuted In-Vehicle Pickup, a new service powered by the chain’s Shop Your Way mobile app that enables customers to pick up their online purchases at any Sears store within five minutes of arrival, without ever leaving the car.

February 5, 2014

Mark Panzer, president and CEO Pharmaca Integrative Pharmacy, will be leaving Pharmaca in pursuit of an opportunity at Sears Holding Company, according to Drug Store News.

BOULDER, Colo. — Mark Panzer, president and CEO Pharmaca Integrative Pharmacy, will be leaving Pharmaca in pursuit of an opportunity at Sears Holding Company, DSN has learned.

Panzer will be in charge of pharmacy operations at Sears Holding and will direct the health and wellness initiatives across K-Mart pharmacy as SVP and president pharmacy.

February 4, 2014

Sears Holdings announced that Norman Miller will join the company as senior VP and president, Automotive.

Hoffman Estates, Ill. -- Sears Holdings announced that Norman Miller will join the company as senior VP and president, Automotive. Miller, who most recently served as president and COO of Dollar Financial Corp., will be responsible for the oversight and leadership of the company's automotive business, including Sears Auto Centers.

January 23, 2014

Kmart will shutter two locations in the Philadelphia area this spring, Philadelphia Business Journal said.

New York -- Kmart will shutter two locations in the Philadelphia area this spring, Philadelphia Business Journal said. The locations, at The Gallery and at 900 Orthodox St., will close in late April.

January 22, 2014

Sears plans to close a store in the Loop section of downtown Chicago in April 2014.

Hoffman Estates, Ill. – Sears plans to close a store in the Loop section of downtown Chicago in April 2014. Sears spokesperson Howard Riefs announced the closing in an email which said the store’s 160 employees, most of whom are part-time, will be eligible to apply for jobs at other Sears stores in the area and also to receive severance.

January 22, 2014

Sears Holdings Corporation anticipates hiring 6,500 veterans and military spouses in 2014.

Hoffman Estates, Ill. - Sears Holdings Corporation anticipates hiring 6,500 veterans and military spouses in 2014. The hiring goal builds on the more than 6,000 veterans and spouses hired in 2013, and nearly doubles the 3,500 hired in 2012.

The company currently employs more than 30,000 veteran associates, many of whom are still serving in the National Guard and the Reserve forces.

January 21, 2014

Perhaps no single brand had a holiday season quite as rocky as Sears. When the retailer announced a string of bad news on Jan. 9, shares of Sears Holding Corp. (which includes both Sears and Kmart) went through the floor.

Perhaps no single brand had a holiday season quite as rocky as Sears. When the retailer announced a string of bad news on Jan. 9, shares of Sears Holding Corp. (which includes both Sears and Kmart) went through the floor. Holiday sales at Sears stores were down 9.2% in the nine weeks prior to Jan. 6, a brutal figure when you consider that overall retail sales were up slightly over the holidays (which I’ll discuss more in my next column).

January 16, 2014

Sears Holdings has signed a sublease with Dick's Sporting Goods to occupy a portion of its second floor at the King of Prussia Mall in King of Prussia, Pa.

Hoffman Estates, Ill. – Sears Holdings has signed a sublease with Dick's Sporting Goods to occupy a portion of its second floor at the King of Prussia Mall in King of Prussia, Pa. The two-story anchor building will be renovated with Sears maintaining exterior entrances on both levels and the mall entrance on level one.  

January 10, 2014

Sears Holdings Corp. forecast a fourth-quarter loss and reported declining sales during the crucial holiday period.

Hoffman Estates, Ill. – Sears Holdings Corp. forecast a fourth-quarter loss and reported declining sales during the crucial holiday period.

December 26, 2013

Amazon.com and Macy’s reportedly look financially strong even in the wake of expected post-holiday discounting, while Sears, Kmart and J.C. Penney are not expected to be so fortunate.

New York – Amazon.com and Macy’s reportedly look financially strong even in the wake of expected post-holiday discounting, while Sears, Kmart and J.C. Penney are not expected to be so fortunate. According to new analysis from 24/7 Wall St., Amazon.com should hold onto substantial holiday profits as long as free shipping does not impact its margins.

December 19, 2013

Cesar L. Alvarez, co-chairman of the international law firm of Greenberg Traurig, LLP, has been elected to membership on the Sears Holdings board of directors.

Hoffman Estates, Ill. -- Cesar L. Alvarez, co-chairman of the international law firm of Greenberg Traurig, LLP, has been elected to membership on the Sears Holdings board of directors.

Alvarez joined Greenberg Traurig in 1973. Prior to his appointment as co-chairman, Alvarez served the firm as its executive chairman for more than three years, and as its CEO 13 years. Prior to becoming CEO in 1997, he practiced securities, corporate and international law for more than 25 years.

December 6, 2013

In a not-so-unexpected move, Sears Holdings Corp. on Friday said it had filed to spin off its Lands' End unit.

Hoffman Estates, Ill. — In a not-so-unexpected move, Sears Holdings Corp. on Friday said it had filed to spin off its Lands' End unit.

Sears has been selling or spinning off assets during the past few years as it struggles to turn around its business. The company sold its Orchard Supply Hardware Stores and its Sears Hometown and Outlet Stores businesses last year. In October, Sears said it would consider strategic alternatives for its line of auto centers. Sears also is selling some store leases in Canada.

December 4, 2013

Eddie Lambert’s ESL Partners has reduced the size of its stake in Sears Holdings Corp. disclosing in a regulatory filing on that it now owns 48.4% of its shares, down from 55.4%.

New York -- Eddie Lambert’s ESL Partners has reduced the size of its stake in Sears Holdings Corp. disclosing in a regulatory filing on that it now owns 48.4% of its shares, down from 55.4%.

In a statement, Lampert said that his fund had distributed 7.4 million shares in Sears to investors who wanted to withdraw money from his firm.  He said that he had not sold any of his personal holdings.