| Mar 19, 2015
| 4:49 PM
Sears took to its blog Thursday to say paying its vendors early doesn't indicate trouble in its supply chain. But one corporate restructuring expert says that's often exactly what it means.
In a Thursday report, The Wall Street Journal said Sears has...
| Feb 26, 2015
| 8:36 AM
Hoffman Estates-based Sears Holdings reported full year 2014 earnings Thursday as well as fourth-quarter results, important because they include its holiday performance.
The company continued to lose money, now for the 11th consecutive quarter, as...
| Feb 17, 2015
| 2:36 PM
The Kmart store at the Schuylkill Mall in Frackville is scheduled to close later this year, part of the corporation's ongoing reduction and restructuring.
A company representative and store manager said employees were notified Tuesday of the closing,...
| Feb 9, 2015
| 4:43 PM
Bill Maher, the irreverent host of late-night talk show "Politically Incorrect," apologized on Wednesday for saying some U.S. military actions were "cowardly," a remark many said was not only politically incorrect but offensive.
| Feb 5, 2015
| 6:30 AM
It wasn't so long ago that American corporate CEOs were professing their devotion to Ayn Rand's potboiler "Atlas Shrugged" as though it were a badge of unsentimental industrial muscularity.
They handed out the book to their junior executives, told...
| Feb 4, 2015
| 12:50 PM
Goodbye, Kmart. Hello, Lowe's.
Kmart at 1360 N. Ashland Ave., in the Wicker Park Commons shopping center, will close in mid-April, parent company Sears Holdings said, joining several hundred Kmart and Sears stores that have closed over the past...
| Feb 2, 2015
| 9:13 AM
Lands' End CEO Edgar Huber is resigning from the company and will be replaced by Federica Marchionni, who is president of Dolce & Gabbana, the company said Monday.
Huber, who joined Dodgeville, Wis.-based Lands' End in 2011, saw the apparel retailer...
| Jan 28, 2015
| 7:34 AM
Sears Holdings cut 115 jobs at its headquarters and various corporate support locations as it seeks to reduce expenses in the face of years of losses.
Employees were notified Tuesday that 100 positions at the company's Hoffman Estates headquarters and...
| Jan 22, 2015
| 11:31 AM
Lands' End warned of a disappointing fourth quarter on Thursday, sending its stock down 20 percent during the day.
The preppy-apparel retailer, which was spun off from Sears Holdings in April, released preliminary financial results that showed...
| Dec 31, 2014
| 11:43 AM
Children's clothing company SCI Apparel, formerly known as Sprockets, is suing Hoffman Estates-based Sears Holdings for failing to pay the company for its shipments.
California-based SCI said in a lawsuit filed Monday in Cook County Circuit Court that...
| Dec 23, 2014
| 5:27 PM
Sears Holdings e-commerce chief Imran Jooma has resigned, creating a vacancy in a key position as the struggling retailer banks on technology to turn around its flagging fortunes.
Jooma, who joined the Hoffman Estates-based Sears Holdings in 2007,...