Tag Archives: Sears

Sears Finally Declares Bankruptcy, 142 Stores To Close

The New York Times reports: Sears, which more than a century ago pioneered the strategy of selling everything to everyone, filed for bankruptcy protection early on Monday. The company had long ago given up its mantle as a retail innovator. It was overtaken first by big box retailers like Walmart and Home Depot and then, by Amazon as the go-to …

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REPORT: Sears Readies Chapter 11 Bankruptcy Filing

Retail Dive reports: After years of speculation and financial losses, Sears is contacting banks to arrange the financing for a possible Chapter 11 filing, which might come as soon as this week, according to reports in The Wall Street Journal, which broke the story, and CNBC, that both cited unnamed sources. The report comes as Sears faces a $134 million …

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The End Looms For Sears, Now A Penny Stock

CNN Money reports: In the latest indignity for a once-grand retailer, the share price fell below $1 on Friday for the first time in the company’s history, dropping as much as 15% to 85 cents in midday trading. Falling into loose-change territory is more than embarrassing. Nasdaq, the exchange where Sears stock trades, could delist the company. Shares of Sears …

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Sears To Shutter Dozens More Stores In November

Bloomberg reports: Sears Holdings Corp. continues to clean house, announcing plans to shutter an additional 46 unprofitable stores in November. The struggling chain informed workers at the impacted stores this week, and liquidation sales will begin as early as Aug. 30. The move is “part of our ongoing efforts to streamline Sears Holdings’ operations, strengthen our capital position and focus …

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Kmart And Sears Drop Trump Home Products Line

Business Insider reports: Sears’ and Kmart’s websites no longer sell products from the Trump Home line, which is owned by the Trump Organization. As of Friday, a search for Trump Home items on both retailers’ sites yielded no results, except items sold by third-party sellers. “As part of the company’s initiative to optimize its online product assortment, we constantly refine …

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Porno Pete Has The Sears Sadz

Brian Tashman writes at Right Wing Watch: Americans For Truth About Homosexuality’s Peter LaBarbera stopped by “Crosstalk” on Monday to warn of divine retribution for the United States, and specifically the Sears company, for supporting gay rights. The anti-gay activist and host Jim Schneider of Voice of Christian Youth America criticized Sears for participating in the Chicago Pride Parade and …

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Sears Promotes Marriage Equality

Via Dan Avery at NewNowNext: Four same-sex couples got married aboard a float sponsored by Sears at the recent Chicago Pride Parade. In the video below, the newlyweds discuss the unique experience and Sears reminds customers that its gift registry can help anyone get started on a new life together. (Nothing wrong with a little self-promotion.) The 121-year-old retailer, which …

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