Content about Sears Holdings

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 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:

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 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 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 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.  

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.

November 25, 2013

Sears Holdings chairman Eddie Lampert is reportedly considering selling the company’s Sears Canada stores.

Hoffman Estates, Ill. - Sears Holdings chairman Eddie Lampert is reportedly considering selling the company’s Sears Canada stores. According to the New York Post, Lampert has been quietly consulting banks including Goldman Sachs and reaching out to prospective buyers.

November 21, 2013

Sears Holdings widened its loss in the third quarter as sales decreased at both its Sears and Kmart units.

Hoffman Estates, Ill. -- Sears Holdings widened its loss in the third quarter as sales decreased at both its Sears and Kmart units.

For the three months ended Nov. 2, Sears lost $534 million, down from a loss of $498 million a year earlier.

Revenue fell 7% to $8.27 billion from $8.86 billion mostly because it had fewer Sears and Kmart stores operating.

Same-store sales dropped 3.1%, and were down 4% at Sears' stores and declined 2.1% at Kmart stores.

October 9, 2013

Sears and its Shop Your Way loyalty program will play a major role in the city’s Food Network New York City Wine & Food Festival presented by Food & Wine.

New York -- Sears and its Shop Your Way loyalty program will play a major role in the city’s Food Network New York City Wine & Food Festival presented by Food & Wine.

New York’s premier culinary event will be held Oct. 18 to Oct. 20 and Sears and Shop Your Way are expanding their presence this year and plan to showcase stylish and affordable lines of patio furniture, Kenmore grills and indoor and outdoor entertainment with Sears designer and TV personality Ty Pennington.

October 1, 2013

Sears Holdings will integrate the Netpulse One digital platform into its FitStudio by Sears online fitness offering.

Hoffman Estates, Ill. – Sears Holdings will integrate the Netpulse One digital platform into its FitStudio by Sears online fitness offering.

FitStudio by Sears is an online community providing resources such as exercise programs, video workouts, and expert advice. NetpulseOne will enable FitStudio to deliver an enhanced customer experience by providing the ability to connect to fitness equipment, mobile apps and personal fitness devices as well allowing FitStudio members to set goals and participate in challenges and events.

August 22, 2013

Sears Holdings’ second-quarter loss widened as the company was challenged with store closings, weak sales and deep discounts.

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.

For the period ended Aug. 3, Sears lost $194 million, compared with a loss of $132 million in the year-ago period.

Revenue dropped 6% to $8.87 billion, from $9.47 billion. Same-store sales fell 1.5%, with a 2.1% drop at Kmart and a 0.8% drop at Sears.

August 6, 2013

Sears Holdings has selected HighJump Software, a global provider of supply chain management software, to help the company manage its distribution network.

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.

June 28, 2013

Sears Holdings on Friday joined the growing list of retailers and other companies severing ties with Southern celebrity chef Paula Deen in the wake of the controversy regarding her use of a racial slur. Both Sears and Kmart sold Paula Deen products.

Hoffman Estates, Ill. - Sears Holdings on Friday joined the growing list of retailers and other companies severing ties with Southern celebrity chef Paula Deen in the wake of the controversy regarding her use of a racial slur. Both Sears and Kmart sold Paula Deen products.

“After careful consideration of all available information, we have made the decision to phase out all products tied to the brand,” Sears said in a statement. “We will continue to evaluate the situation. Our members’ needs will be given first priority.’

June 27, 2013

The numbers tell the story: According to the U.S. Census Bureau, there are more than 52 million Hispanics living in the United States, making people of Hispanic origin the nation's largest ethnic or race minority. The Bureau forecasts that by 2050, this demographic will number 132.8 million — or about 30% of the population. By 2015, one in three newborns will be of Latino descent. And while the overall U.S. population is getting older, the Latino community remains young: More than 60% of the U.S. Hispanic population is under 35, and 75% is under 45. 

May 9, 2013

Sears Holdings announced that Jeff Balagna will join the company as executive VP and CIO.

Hoffman Estates, Ill. -- Sears Holdings announced that Jeff Balagna will join the company as executive VP and CIO. In his new role, Balagna who most recently served as CIO at Eli Lilly, will be responsible for all technology and infrastructure initiatives for the company in its support centers and in-store.
   

February 28, 2013

Sears Holding Corp. said its net loss for the quarter ended on Feb. 2 narrowed to $489 million from $2.4 billion a year earlier.

Hoffman Estates, Ill. -- Sears Holding Corp. said its net loss for the quarter ended on Feb. 2 narrowed to $489 million from $2.4 billion a year earlier. Total costs dropped 2.2% to $12.88 billion in the fourth quarter.

Revenue declined 1.8% to $12.26 billion, but beat analysts' average estimate of $11.77 billion.

Sears results came weeks after the company’s chairman and largest shareholder, Edward Lampert, took the reins as CEO in the wake of the departure of Louis D'Ambrosio, who resigned for a family-related health problem.

December 27, 2012

When it comes to mobile commerce and digital solutions, Sears Holdings has evolved into a best-in-class company, one that has truly embraced the cross-channel shopping experience. Seeking ways to make shopping more convenient for its customers, the chain was among the first to offer visibility to in-store inventory, as well as the ability to buy online and pick up in-store.

November 1, 2012

Sears Holdings announced that both Sears and Kmart stores will be open on Thanksgiving Day.

Hoffman Estates, Ill. -- Sears Holdings announced that both Sears and Kmart stores will be open on Thanksgiving Day. The company said its made the decision based in part on feedback from members of its Shop Your Way loyalty program, who sought more flexible Black Friday in-store shopping times and eagerness to shop doorbuster deals.

October 19, 2012

Teradata, the analytic data solutions company, announced that Sears Holdings has upgrades its existing Teradata analytic environment with the Teradata Active Enterprise Data Warehouse Platform 6690, which leverages both SSD and HDD storage.

Hoffman Estates, Ill. -- Teradata, the analytic data solutions company, announced that Sears Holdings has upgrades its existing Teradata analytic environment with the Teradata Active Enterprise Data Warehouse Platform 6690, which leverages both SSD and HDD storage.

Sears has also added the new Teradata ADW Private Cloud with Elastic Performance on Demand for on-demand business analytics.

October 11, 2012

Sears Holdings received a SmartWay Excellence Award from the U.S. Environmental Protection Agency for being an industryleader in freight supply chain environmental performance and energy efficiency.

Hoffman Estates, Ill. -- Sears Holdings received a SmartWay  Excellence Award from the U.S. Environmental Protection Agency for being an industryleader in freight supply chain environmental performance and energy efficiency.

In addition, 100% of Sears Holdings more than 20+ freight carriers are SmartWay program partners as well.

September 14, 2012

Sears Holdings disclosed in a regulatory filing that "because we believe that the company has substantial liquidity and financial flexibility," the company has elected to contribute an additional $203 million to its domestic pension plan on Sept. 14, after which the plan will be 80% funded under applicable law.

Hoffman Estates, Ill. -- Sears Holdings disclosed in a regulatory filing that "because we believe that the company has substantial liquidity and financial flexibility," the company has elected to contribute an additional $203 million to its domestic pension plan on Sept. 14, after which the plan will be 80% funded under applicable law.

August 30, 2012

Shares of Sears Holdings were under heavy selling pressure Thursday morning, sliding 7% to $53.38 on Standard & Poor's.

New York -- Shares of Sears Holdings were under heavy selling pressure Thursday morning, sliding 7% to $53.38 on Standard & Poor's. S&P plans to remove the chain from its S&P 500 Index because the chain’s public float has has been below the index's 50% threshold for an extended period of time.

The Sears' name, in one form or another, has been in the S&P 500 since it was created some 55 years ago. Sears will be removed from the index at the close of trading on Sept. 4. The retailer will be replaced by chemical maker LyondellBasell.

August 10, 2012

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

Hoffman Estates, Ill. -- 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.