Content about Chicago metropolitan area

May 9, 2013
Sears Holdings names new CIO

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

April 1, 2013
Sears former CEO D’Ambrosio saw pay shrink almost 90% in 2012

An SEC filing revealed that Sears Holdings Corp. former CEO Louis D’Ambrosio, who stepped down in February citing family health issues, saw his total compensation package shrink nearly 90% from the prior year.

March 27, 2013
Englewood Construction launches four restaurant projects

Lemont, Ill.-based Englewood Construction said that its restaurant group has begun work on four new projects, including a food court in New Jersey’s largest outlet mall, a steakhouse in a downtown Chicago luxury hotel and two suburban Chicago mall restaurants.

March 21, 2013
Eddie Lampert to remain CEO of Sears for annual salary of $1

Eddie Lampert, chairman of Sears Holding Corp., has signed a contract to remain as CEO of the retail company at a salary of $1 per year, the Associated Press reported.

March 21, 2013
Supervalu completes sale of five chains to Cerberus-led investor group

Supervalu announced the completion of the sale of its Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market stores and related Osco and Sav-on in-store pharmacies to AB Acquisition LLC, an affiliate of a Cerberus Capital Management-led investor consortium.

March 15, 2013
Retail Shuffle

Is it just me, or does it seem like the past two months or so have seen an unusually high level of turnover at the top? It's gotten so that you need a scorecard to keep up with all the comings and goings, as chief executives are forced out, jump ship, retire or move on.

This year's changing of the guard is bittersweet because it includes the retirement of two veteran retailers, Steve Burd of Safeway and Maxine Clark of Build-A-Bear Workshop.

February 28, 2013
Sears narrows Q4 loss

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.

February 27, 2013
Sears Canada profit dips 3% in Q4

Sears Canada Inc. reported that profit for the fourth quarter dipped 3% to $38.8 million on weakened hardware and electronics sales.

February 21, 2013
Multimedia: Simons, Edmonton, Canada

Check out the video of the latest jewel in Simons' department store portfolio.

January 29, 2013
ECOtality and Sears expand relationship with EVCs in two added states

ECOtality said that it has expanded its current relationship with Sears Holdings Corp. by unveiling the Blink Direct Current Fast Charger stations at Sears stores in Tennessee and Arizona.

January 29, 2013
Report: Supervalu sets rate on $2.4B loan for Cerberus sale

Bloomberg reported Tuesday that Supervalu Inc. has set the rate it will pay on $2.4 billion of loans to fund the sale of five supermarket chains to a Cerberus Capital Management LP-led investor group.

January 10, 2013
Kimco Realty part of Supervalu deal

In the much-watched deal between Supervalu and a consortium of investors led by Cerberus Capital Management, Kimco Realty Group – along with several other real estate companies — has emerged as a player.

January 10, 2013
Supervalu in deal with private-investor group led by Cerberus

Supervalu Inc. announced that it has reached a deal to sell its Albertsons, Acme, Jewel-Osco, Shaw's and Star Market stores and related Osco and Sav-on in-store pharmacies to a private equity group in a transaction valued at $3.3 billion.

January 8, 2013
Sears CEO stepping down; Lampert taking reins

In a surprise move, Sears Holdings Corp. announced that CEO Louis J. D'Ambrosio will step down as CEO, effective Feb. 2, for family health reasons.

January 4, 2013
Simon and CalPERS Affiliate IMI form JV to acquire two assets

Simon Property Group and Institutional Mall Investors (the co-investment venture owned by an affiliate of Miller Capital Advisory and The California Public Employees' Retirement System [CalPERS]), announced that they have formed a joint venture to own and operate The Shops at Mission Viejo in the Los Angeles suburb of Mission Viejo, Calif., and Woodfield Mall in the Chicago suburb of Schaumburg, Ill.

December 27, 2012
Sears ‘ Digital Strategy Keeps Evolving

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 27, 2012
Focus on: Mobile Retailing

By many accounts, Walgreens is already a mobile retailing veteran. But eager to keep its service exciting and valuable, the drug store chain recently added a new product-mapping service within its mobile strategy.

Walgreens began its mobile journey in September 2009, when it launched an app designed to “improve the way our customers interact with us,” explained Tim McCauley, senior director, mobile commerce for Deerfield, Ill.-based Walgreens.

November 2, 2012
Sears Holdings taps OfficeMax exec to lead grocery, drug unit

Sears Holdings Corp. said it has named Ryan Vero senior VP and president, Grocery, Drug and Pharmacy.

November 1, 2012
Sears and Kmart to open on Thanksgiving

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

October 12, 2012
Sears Hometown and Outlet Stores spin-off to trade on Nasdaq

Sears Hometown and Outlet Stores Inc. is set to begin trading on the Nasdaq Capital Market after Sears Holdings Corp. completed a spin-off transaction of the home appliances, hardware, tools and garden equipment retailer.

October 11, 2012
Sears Holdings received EPA SmartWay Excellence Award

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.

October 9, 2012
Sears expects $446.5 million from offering tied to Hometown, Outlet spinoff

Sears Holdings Corp., which in February announced it would spin off its Hometown and Outlet businesses as a separate publicly traded entity, said it expects to receive about $446.5 million in gross proceeds from an offering tied to the spinoffs.

October 8, 2012
Sears’ holiday plans include enhanced layaway services, mobile POS

Kmart and Sears are gearing up for the holiday shopping season with the elimination of layaway service fees, a new layaway home delivery service and an enhanced in-store mobile experience.

October 3, 2012
Kmart, Sears offer ship-to-home for online layaway purchases

Sears Holdings Corp. said Wednesday that its namesake and Kmart stores will offer ship-to-home delivery for items purchased through online layaway.

September 28, 2012
Sears improves efficiency on home-services fleet

Sears Holdings Corp. strengthened its environmental commitment with the rollout of 27 new Roush CleanTech Ford E-250 cargo vans fueled by propane autogas, to be deployed in the Sears Home Services fleet in Seattle for in-home service and repair visits.

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