Content about Sears Holdings

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.

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.

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.

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.

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. 
 

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.

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.

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.

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.

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.
 

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.”


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.