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Shoppers increased their spending at Kmart stores for the first time in at least seven years this fall, picking up cheap toys, shoes and items for their homes.
Sears Holdings Corp. reports its results for the third quarter on Thursday. The following is a summary of key developments and analyst opinion related to the period.
Sears Holdings is becoming the latest retailer to throw itself in the heated price war on books expected to be top sellers. But the merchant's promotion has a twist.
THE NUMBERS: Sears Holdings Corp. lost $94 million, or 79 cents per share, for the three month period ended Aug. 1. That's compares with a profit of $65 million, or 50 cents per share, a year ago. Revenue slid 10 percent to $10.55 billion.
Once a mainstay in American shopping culture, the parent of Sears and Kmart stores took another step backward Thursday, announcing a surprising second-quarter loss that dimmed hopes about the ailing merchant's future.
Sears Holdings Corp. reports results for the second quarter on Thursday. The following is a summary of key developments and analyst opinion related to the period.
Sears Holdings Corp., the retail chain lead by chairman and hedge fund financier Eddie Lampert, said Wednesday it will begin to offer toys in 20 of its Sears stores starting Saturday.
The Federal Trade Commission announced a preliminary settlement Thursday with retailer Sears Holdings Corp. over allegations the merchant failed to disclose how much personal information it was collecting from a group of consumers.
Shares of Sears Holdings Corp. soared Friday, a day after the retailer surprised investors by posting a first-quarter profit.
Sears Holdings Corp. reversed a year-ago loss and posted a profit of $26 million for its first quarter on Thursday, as it worked to manage inventory in its stores.
The chairman of Sears Holdings Corp. said Monday that the retailer is working to change how customers interact with it in stores and online.
A new line of housewares and furniture bearing the name of Country Living magazine will debut at Sears and Kmart stores this fall, executives said Monday.
Struggling retailer Sears Holdings Corp. said Thursday its fourth-quarter profit was cut in half as charges weighed down results and shoppers continued to avoid buying pricey appliances — keeping sales mired in their prolonged slump.
Sears Holdings Corp. announced a new online venture Friday that weds Internet bidding with home construction and repair.
Sears Holdings Corp. said Friday its Super Kmart stores were voluntarily recalling some Super Kmart bakery goods due to the risk of salmonella.
Sears Holdings Corp. posted its biggest quarterly loss since financier Edward Lampert combined Sears and Kmart into one retail company, due mainly to hefty charges related to store closures and disappointing U.S. sales.
A look at how retailer Sears Holdings Corp. performed during the second quarter.
Beleaguered retailer Sears Holdings Corp. reported a hefty drop in second-quarter profit as sales slumped, despite a restructuring aimed at drawing back shoppers who've taken their checkbooks elsewhere.
Battered retailer Sears Holdings Corp. posted its largest quarterly loss Thursday since Sears and Kmart combined, providing surprising results far below Wall Street forecasts and issuing a dour sales forecast for the remainder of the year.
The financier who leads struggling retailer Sears Holdings Corp. hinted Thursday at a plan that would allow some of the chain's most popular and exclusive brands be sold at other stores.
Sears Holdings Corp. stumbled to its worst performance yet under Edward Lampert, earning just $2 million in a dismal third quarter that heightened questions about his strategy and Sears' future as a retailer, prompting a huge selloff in its stock Thursday.
Saving Sears Doesn't Look Easy AnymoreThe problem, analysts say, boils down to this: Customers are avoiding Sears stores in droves.
Sears Profit Plunges 99 Percent: CEO Says: "We Have Much on Which to Improve..."....Sears did say, though, that increased competition, weakness in the housing and consumer credit markets, and unseasonably warm weather dragged down sales of apparel and other seasonal merchandise in the quarter.
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