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Tag: sears

Wayfair expands appliance offerings with GE brands

The online furniture retailer is joining J.C. Penney in turning to appliance sales, as once-formidable Sears shrinks.

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Sears may never be profitable again, Wall Street analyst says

One analyst is beginning to doubt whether Sears Holdings will ever be profitable again.






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Sears pulls more financial levers as sales plunge

The maneuver gives Sears a break from paying into pension plans as the struggling company reports that same-store sales plummeted 15.3%.






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Sears Holdings same-store sales to drop 15% as company looks for more cash

Sears struck an agreement with insurers of its underfunded pension fund — Pension Benefit Guaranty Corp. — to allow for the sale of 140 Sears properties.






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Sears issues searing response to WSJ story

The retailer described the article about its financial troubles as “yet another rehash of inaccurate assertions and negative speculation about Sears Holdings and its future.”






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Sears is putting ‘the whole store on sale’ to avoid the Black Friday crunch

Sears is promising discounts ranging from 10 to 50 percent at Sears stores, and 10 to 40 percent at Kmarts.






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Sears revives the Wish Book holiday catalog

Given its struggles, who could blame Sears for taking a trip back in time with the revival — in print and online — of the holiday-themed book. 






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Lowe’s to sell Craftsman tools

The move by the home improvement retailer represents further erosion of a historic Sears strength, as well as an advantage over rival Home Depot.






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Sears to stop selling Whirlpool appliances

The manufacturer “has sought to use its dominant position in the marketplace to make demands” that put Sears at a pricing disadvantage, the retailer said in a note to employees.






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‘The entire Sears business declined over time,’ Whirlpool CEO lashes back

“The entire Sears business declined over time,” Whirlpool CEO Marc Bitzer said on a call with analysts and investors.






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