Content about Cook County, Illinois

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 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 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.

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 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.

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.

September 14, 2012
Sears to contribute $203 million to domestic pension plan

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.

September 7, 2012
Sears, Kmart jump on layaway bandwagon by waiving fees

Sears Holdings Corp. said that both its Sears and Kmart banners would waive layaway fees for the holidays, allowing shoppers to open interest-free pay-over-time programs at both stores and online with no customary initial fees.

August 30, 2012
Sears down on removal from S&P 500 New York

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

May 16, 2012
Streets of Woodfield names property manager

Cypress Equities said it has hired Steven Hrbek as property manager for The Streets of Woodfield, located in Schaumburg, Ill.

December 19, 2011
Illinois Governor signs tax breaks for Sears, cementing home in Chicago

Illinois Gov. Pat Quinn signed legislation that grants hundreds of millions of dollars in tax breaks and incentives aimed at keeping Sears Holdings Corp., along with CME Group Inc., which operates the Chicago Mercantile Exchange, headquartered in Illinois.

December 9, 2011
Illinois lawmakers reach deal to keep Sears HQ in state

Illinois House leaders have agreed to pass tax breaks in order to keep Sears Holdings Corp. from abandoning its Hoffman Estates, Ill., headquarters in search of a new out-of-state home, according to Reuters.

October 11, 2011
Report: Hoffman Estates working to keep Sears headquarters

An Associated Press report on Tuesday said that Hoffman Estates, Ill., trustees have passed a resolution asking the state of Illinois to try and keep the Sears Holdings Corp. headquarters located in Hoffman Estates.

October 4, 2011
Ross Dress for Less expanding in Chicago area

Ross Dress for Less will celebrate its initial entry into the greater Chicago area with the grand opening of 12 stores on Saturday, Oct. 8.

September 12, 2011
Saks Off 5th to open at Village Square of Northbrook

Oakbrook, Ill.-based Mid-America Asset Management said that Saks has signed a lease for 25,900 sq. ft. at Village Square of Northbrook in Northbrook, Ill., to open its third Saks Fifth Avenue Off 5th store in Chicagoland.

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