Skip to main content

Sears, Roebuck & Co.

  • Former Hhgregg exec to head up operations for sporting goods retailer

    Academy Sports + Outdoors is bolstering its executive team.   The sporting good chain appointed Sam Johnson as its executive VP of retail operations, effective April 24. In his new role, Johnson will oversee the day-to-day operations of Academy's more than 225 stores, as well as lead the store support team.  

  • Kmart exec to head up Pier I

    A former executive at Sears Holdings Corp. has has been named president and CEO of Pier I Imports.     Alasdair James, 46, will take the reins of the home décor chain on May 1, 2017. He replaces Alex Smith, who was ousted from the company at the end of last year amid slumping sales.   

  • Report says vendors starting to pull back from Sears

    In the wake of mounting losses and increasing doubts about its viability, Sears Holding Corp. is facing pull back from some of its vendors.   That is according to a report by Reuters, which said that suppliers to Sears are becoming more defensive to protect themselves from the risk of nonpayment by doing such things as reducing shipments and asking for better payment terms.  

  • Real estate experts: Still business as usual at Sears

    Despite dire statements made on a recent SEC filing, Sears and Kmart stores will remain as fixtures on the retail landscape for some time to come, according to retail real estate experts contacted by Chain Store Age.   “The news was not news,” said REIT analyst Alexander Goldfarb of Sandler O’Neill + Partners about a Sears filing that questioned its own future as a “going concern.”  

  • ‘Hold on a minute,’ says Sears

    Sears Holding Corp. tried to walk back the uproar it caused early Tuesday morning when the struggling retailer included cautionary language about whether it would be able to continue as a "going concern” in its annual 10-K filing.   

  • Sears issues dire warning about its ability to survive

    The fat lady is singing at Sears Holdings Corp.   The long-struggling retailer said on Tuesday that there was “substantial doubt” that it could stay in business.   

  • Discounter on hunt for new chief merchandiser

    The chief merchandising officer of Dollar General Corp. is retiring.   The retailer announced that James “Jim” W. Thorpe, executive VP and chief merchandising officer, will retire from Dollar General effective April 15, 2017. Dollar General said it has started a search for a successor and will consider both internal and external candidates for the job.  

  • Sears’ loss narrows but other problems widen

    Sears Holding Corp. narrowed its adjusted loss in its fourth quarter, but its revenue continued to erode and its debt obligations continued to mount.   Sales plunged 17% to $6.05 billion in the quarter ended Jan. 28, down from $7.3 billion a year earlier. Although the chain’s reduced store portfolio contributed to the decline, same-store sales fell 10.3%, driven by an 8% drop at Kmart and a 12.3% at Sears.  
X
This ad will auto-close in 10 seconds