Content about Sears Holdings Corporation

June 14, 2013
Sears Canada executes landlord transactions on two stores

Sears Canada Inc. will enter into a series of transactions related to two stores within shopping centers co-owned by Oxford Properties Group and Alberta Investment Management Corporation that give the co-owners the right to require Sears Canada to vacate the properties by March 2014.

June 7, 2013
Sears Hometown Q1 profit falls 27%

Sears Hometown and Outlet Stores Inc. reported a 27% drop in first-quarter earnings amid a cool spring throughout much of the country and rising costs.

May 28, 2013
Sears posts $279 million loss for Q1

Sears Holding Corp. reported a bigger-than-expected net loss of $279 million for the first quarter of fiscal 2013, compared to net income of $189 million in the first quarter of fiscal 2012.

May 22, 2013
Sears Canada posts loss; names CFO

Sears Canada reported a net loss in its first quarter of C$31.2 million ($30.3 million) compared with a net profit of C$93.1 million, a year earlier amid weakened demand for major appliances and home products.

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 29, 2013
Sears Hometown names former RadioShack chief to board

Sears Hometown and Outlet Stores said it has elected James F. Gooch to its board of directors and as chair of the audit committee.

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.

February 1, 2013
Sears Canada lays off 700 employees

Sears Canada is letting go of 700 workers as part of a plan to "right-size" the operation.

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.

January 7, 2013
Wet Seal names Sears exec as CEO

The Wet Seal has named John D. Goodman to serve as its new CEO, with his appointment effective Jan. 7.

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 16, 2012
Sears Canada names COO

Sears Canada Inc. announced that Douglas C. Campbell has been promoted to executive VP and COO, effective immediately.

November 13, 2012
Sears Canada narrows loss in Q3

Sears Canada Inc. reported a loss of $21.85 million, compared with a loss of $44 million in the same period last year.

November 2, 2012
Sears Canada unveils renovation of four stores

Sears Canada said it has unveiled four refreshed store concepts in Ontario, and Quebec, each featuring additional brands and product displays.

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 30, 2012
Sears Canada launches shoppable iPad app for Wish Book

Sears Canada said Tuesday it has debuted a permanent shoppable iPad application for its Wish Book catalog after a temporary launch for the 2011 holiday shopping season.

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.

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