Content about Sears Holdings

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.

June 4, 2012

Sears Holdings said that Scott Huckins will join the company as VP and corporate treasurer.

Hoffman Estates, Ill. -- Sears Holdings said that Scott Huckins will join the company as VP and corporate treasurer.

Huckins comes to Sears Holdings from RSC Holdings where he served as VP and treasurer, responsible for global treasury, credit and investor relations activities. 
 

June 1, 2012

Hoffman Estates, Ill. -- Sears Holdings announced that Sears Canada has filed a Registration Statement on Form 20-F with the U.S. SEC in connection with the company’s previously announced plan to spin-off a portion of its interest in Sears Canada.

May 2, 2012

Edward Lampert, chairman of Sears Holdings, presented an ambitious plan to improve the company’s performance that includes updating store layouts and signage and investing in its rewards program, Reuters reported.

New York -- Edward Lampert, chairman of Sears Holdings, presented an ambitious plan on Wednesday to improve the company’s performance that includes updating store layouts and signage and investing in its rewards program, Reuters reported.

“We are not here to just survive. We are here to transform,” Lampert told shareholders at the company's annual meeting, according to the report.

Sears is focusing on better inventory management, having the right fashions and being more customer friendly, the report said.

April 27, 2012

Sears Holdings announced the launch of a wholly owned subsidiary called MetaScale, that will provide data-management services.

Hoffman Estates, Ill. -- Sears Holdings announced the launch of a wholly owned subsidiary called MetaScale, that will provide data-management services.

Sears sees the venture as a natural expansion of the resources it has spent to build the infrastructure it needs to manage data for its more than 4,000 Sears and Kmart stores nationwide.

April 25, 2012

Sears Holdings has expanded the availability of its in-store professional apparel shop to 91 Sears and Kmart stores nationwide.

Hoffman Estates, Ill. -- Sears Holdings has expanded the availability of its in-store professional apparel shop to 91 Sears and Kmart stores nationwide. The concept, called, "Scrubology," is already open in 39 stores and offers work apparel and uniforms for professionals in industrial, service and healthcare fields.

The concept is a partnership with Work 'N Gear.

March 2, 2012

Sears Canada Inc. said it is shutting down three downtown stores in Vancouver, Calgary and Ottawa.

Toronto -- Sears Canada Inc. said on Friday it is shutting down 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.

November 3, 2011

Sears and Kmart stores are debuting “mobile shopping walls” in high-traffic areas to reach customers who are traveling or on-the-go during the holiday season.

Hoffman Estates, Ill. -- Sears and Kmart stores are debuting “mobile shopping walls” in high-traffic areas to reach customers who are traveling or on-the-go during the holiday season. The walls, which feature top toys from Sears and Kmart, provide Quick Response codes for each item so that customers can make purchases directly from their smartphones, giving customers an innovative and efficient way to accomplish their holiday shopping.

October 26, 2011

Sears Holdings announced it is now offering digital local ads available on its sites searslocalad.com and kmartlocalad.com.

Hoffman Estates, Ill. -- Sears Holdings announced it is now offering digital local ads available on its sites searslocalad.com and kmartlocalad.com. The new ads provide customers with prices and offers from their very own local Sears or Kmart stores, real-time stock checks and access to ads 24 hours a day.

October 24, 2011

Sears Holdings announced it will offer free shipping on Sears.com for orders qualified orders totaling more than $99, and on Kmart.com for orders more than $49.

Hoffman Estates, Ill. -- Sears Holdings announced it will offer free shipping on Sears.com for orders qualified orders totaling more than $99, and on Kmart.com for orders more than $49. The chain is also offering free same-day store pick-up services.

The free shipping offer will begin on Oct. 30 and run through Dec. 19.

 

October 13, 2011

Sears Holdings has begun the staged roll out of Apple iPads and Apple iPod Touch devices, starting with nearly 450 stores nationwide.

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

September 8, 2011

Sears Holdings announced that Raj Penkar will be joining Sears Holdings on Sept. 15 as senior VP and president, supply chain.

Hoffman Estates, Ill. -- Sears Holdings announced that Raj Penkar will be joining Sears Holdings on Sept. 15 as senior VP and president, supply chain. He will be accountable for all aspects of the company's supply chain, including logistics, warehousing, inventory management and distribution. 

Penkar joins Sears Holdings following a successful 24-year career at UPS, where he most recently served as president of UPS' customer solutions division.
 

August 3, 2011

Sears Holdings has announced the launch of two Latino social media channels: Facebook.com/SearsLatino and a Twitter handle @SearsLatino.

Hoffman Estates, Ill. -- Sears Holdings has announced the launch of two Latino social media channels: Facebook.com/SearsLatino and a Twitter handle @SearsLatino.

June 20, 2011

Storms and other weather events can wreak havoc with a retailer’s outdoor signage. Just ask Therese Grossman, construction manager for Edwin Watts Golf Shops, Fort Walton, Fla., which operates 83 golf specialty shops. This past spring, a bad storm with extreme wind velocities came through Baton Rouge, La., blowing the faces off the signs outside Edwin Watts’ store there. 


“In the retail world, having your exterior signs down is a crisis,” Grossman said. “I have to be able to respond and get them back up very quickly.”


May 23, 2011

Sears Holdings has named William Phelan as acting CFO, replacing Michael Collins, currently SVP and CFO, who resigned last week to pursue another opportunity, the company reported in an SEC filing.

Hoffman Estates, Ill. — Sears Holdings has named William Phelan as acting CFO, replacing Michael Collins, currently SVP and CFO, who resigned last week to pursue another opportunity, the company reported in an SEC filing.

Collins will remain with the company until June 10 in order to ensure a smooth transition, Sears noted in the filing.

May 23, 2011

Sears Holdings announced that Sam Solomon has joined the company as SVP and president of its tools business.

Hoffman Estates, Ill. — Sears Holdings announced that Sam Solomon has joined the company as SVP and president of its tools business.  Solomon is responsible for developing and driving growth and profit opportunities for one of the company's cornerstone businesses, the company reported.  He was recently CEO and president of The Coleman Company Inc.  

May 9, 2011

Sears Holdings said its that Sears Grand in Cape Girardeau, Mo., has been selected to participate in the U.S. Environmental Protection Agency's Energy Star National Building Competition: Battle of the Buildings to help improve the energy efficiency of commercial buildings and protect the environment.

Hoffman Estates, Ill. -- Sears Holdings said its that Sears Grand in Cape Girardeau, Mo., has been selected to participate in the U.S. Environmental Protection Agency's Energy Star National Building Competition: Battle of the Buildings to help improve the energy efficiency of commercial buildings and protect the environment.

Sears will battle it out against hundreds of other teams representing buildings across the country to work off the waste through improvements in energy efficiency with help from EPA's Energy Star program.