As the department store retailer tries to restructure $1 billion in debt — which could keep Sears out of bankruptcy — analysts with S&P Global expect creditors to get hurt.
The brand has 180 stores in Sears locations and just 11 Lands' End stores — but that ratio is destined to change, as the Sears partnership “goes away,” according to CEO Jerome Griffith.
CEO Marvin Ellison keeps saying that Sears is “donating” market share in the space, but Penney's real saving grace is the Sephora concessions inside its stores.
Macy's, Sears, Kohl's, J.C. Penney, Nordstrom and Hudson's Bay have set different goals to achieve in the coming months.
An investor in Sears Holdings is urging the embattled department store chain to consider going private.
Earlier this year, Sears opened opened its first branded appliance and mattress store in Texas.
Dire, dismal, terrible, horrendous, grim, appalling – over the past few years we’ve used up our stock of adjectives to describe Sears results.
Ongoing efforts to cut the department store retailer's costs reduced Sears' profit losses in Q3, but sales fell by $1.3 billion and its comparable store sales were down by an abysmal 15%.
Last month, Sears said it struck a deal that allow for the sale of 140 Sears properties.
The online furniture retailer is joining J.C. Penney in turning to appliance sales, as once-formidable Sears shrinks.