Sears to close 62 more stores
Tuesday 29th of May 2012 03:02:27 PM
Posted by admin / Under Sears
| Sears Holdings (SHLD +4.34%) already said it would close as many as 120 Sears and Kmart stores this year in an effort to turn the business around. But that wasn't enough. The struggling retailer said Thursday it will have to tighten its belt even more. Sears is now planning to close 43 Hometown stores, 10 Sears Hardware stores and all nine stores in the Great Indoors chain. Hometown stores are independently operated, and sell hardware in mostly rural areas. Sears is also getting rid of clothing in 10 Sears stores -- perhaps in a test run for a chain-wide initiative... |
AllState, Sears Join List Of Advertisers Announcing No More Ads On Limbaugh
Tuesday 29th of May 2012 03:02:27 PM
Posted by admin / Under Sears
| The furor over Rush Limbaugh‘s controversial comments directed at Georgetown University law student Sandra Fluke has lead to advertisers dropping his eponymous radio program. 12 advertisers, including Sleep Number, The Sleep Train, Quicken Loans, Legal Zoom, Citrix, Carbonite, ProFlowers, AOL, Bonobos, Sears, and Allstate Insurance have pulled ads from the program, and/or distanced themselves from the show, either permanently or temporarily, ThinkProgress’s Adam Peck reports. “Allstate’s advertising purchase strategy has not included the Rush Limbaugh Show,” the company wrote in a statement on their Facebook page. “Earlier today, we responded to inquiries about our advertising relationship with the show by... |
In Retreat, Sears Set to Unload Stores [Obama's America: End of An American Retail Giant]
Tuesday 29th of May 2012 03:02:27 PM
Posted by admin / Under Sears
| FEBRUARY 24, 2012 In Retreat, Sears Set to Unload Stores [Subscriber Content Preview] BY MIGUEL BUSTILLO AND DANA MATTIOLI After seven years of trying to rebuild the iconic retailer Sears, hedge-fund manager Edward S. Lampert reversed course on Thursday, announcing that Sears Holdings Corp. will unload more than 1,200 stores in an effort to raise up to $770 million of much-needed cash. Many on Wall Street interpreted the move as the beginning of the breakup of the company. Sears on Thursday reported a loss of more than $3 billion for 2011, and same-store sales have fallen for six straight years.... |
Sears announces 16 more stores closures, including five in Illinois
Tuesday 29th of May 2012 03:02:27 PM
Posted by admin / Under Sears
| Sears Holdings Corp. listed 16 more stores it will close, including five Sears and Kmart sites in Illinois. The closures include a full-line Sears store in downstate Alton; a Sears Grand store in northwest suburban McHenry; and three Kmart stores in west suburban Oak Lawn, north suburban Zion and Peru, in north central Illinois. The full list is available on Sears' website. The additional closings came hours after the money-losing retailer announced dismal fourth-quarter and full-year earnings, and about two months after the Hoffman Estates-based company first announced it would shutter 120 stores. So far, the Hoffman Estates-based company has... |
Closings Announced in 12/27 Sears Holdings Update
Tuesday 29th of May 2012 03:02:27 PM
Posted by admin / Under Sears
| Closings Announced in Dec. 27, 2011 Sears Holdings Update This list represents 79 of the 100 to 120 store closings that were announced in the December 27, 2011 Sears Holdings press release.Additional updates will be posted to www.searsmedia.com as they become available.Employment varies by store and format and at this time we cannot provide the total number of impacted associates. However, a typical store that is being closed employs between 40 and 80 associates. FORMAT STREET ADDRESS CITY STATE ZIP Sears Hardlines Only 1916 19th Ave Lewiston ID 83501 Sears Hardlines Only Us Hwy 25e - Ste B2 Middlesboro KY... |
Sears to close 100 to 120 Kmart, Sears stores
Tuesday 29th of May 2012 03:02:27 PM
Posted by admin / Under Sears
| Sears Holdings Corp. said Tuesday it will close 100 to 120 of its full-line Sears and Kmart stores as it struggles to attract shoppers. Sales for the fourth quarter are off a disappointing 5.2 percent compared with last year. “Given our performance and the difficult economic environment, especially for big-ticket items, we intend to implement a series of actions to reduce on-going expenses, adjust our asset base, and accelerate the transformation of our business model. These actions will better enable us to focus our investments on serving our customers and members through integrated retail – at the store, online and... |
Sears to Close Up to 120 Kmart and Sears Stores
Tuesday 29th of May 2012 03:02:27 PM
Posted by admin / Under Sears
| Between 100 and 120 Sears and Kmart stores will be closed, Sears Holdings said Tuesday, after terrible holiday sales during what is the most crucial time of the year for retailers. Sears has yet to determine which stores will be closed, but there has been a clear shift in where the retailer will devote its resources. The company is moving away from its practice of propping up "marginally performing" stores in hopes of improving their performance. Sears said it will now concentrate on cash-generating stores. "Given our performance and the difficult economic environment, especially for big-ticket items, we intend to... |
Sears and CME Group threaten to leave Illinois
Tuesday 29th of May 2012 03:02:27 PM
Posted by admin / Under Sears
| Without a fresh round of tax incentives, two iconic Illinois companies might soon be on the move. The companies -- Sears Holdings and CME Group -- are the latest in a series of Illinois firms to threaten departure after the state temporarily raised corporate taxes earlier this year. Sears Holdings, which has 6,100 employees at its corporate headquarters and operates both K-Mart and Sears stores, is looking for its current package of tax incentives to be extended. ... The stakes are high. Earlier this year, Caterpillar threatened to leave Illinois, an announcement that sparked something of a relocation competition among... |
Obsessed with liberty
Tuesday 29th of May 2012 03:02:27 PM
Posted by admin / Under Sears
| Alan Sears is the president, CEO, and general counsel of the Alliance Defense Fund (ADF), often called the conservative counterweight to the liberal American Civil Liberties Union. Since ADF's founding in 1994, he has been involved with thousands of cases dealing with freedom of religion, abortion, marriage, and family composition, and has led the training of more than 1,500 lawyers. |
Outing The Wildflower Inn
Tuesday 29th of May 2012 03:02:27 PM
Posted by admin / Under Sears
| I haven’t been to the Wildflower Inn in Lyndonville, VT, but it sounds like a beautiful place. A glimpse at their website shows a near-definitive New England setting of clapboard buildings with panoramic views of rolling, tree-covered hills and blossoming meadows. And families. Wildflower Inn was voted Best Family Resort by Yankee magazine last year, and the word “family” pops up repeatedly on the website and in the Inn’s brochures. Clearly, that’s the favored clientele, although the Inn’s owners allow that their place is also ideal for romantic weekends. The Inn used to offer its facilities for weddings, too. Not... |
Ten Brands That Will Disappear in 2012 [No more Kellogg's Corn Pops? NOOOOOOOO!!!!!!!!!!]
Tuesday 29th of May 2012 03:02:27 PM
Posted by admin / Under Sears
| Kellogg's Corn Pops The cereal business is not what is used to be, at least for products that are not considered "healthy." Among those is Kellogg's Corn Pops ready-to-eat cereal. Sales of the brand dropped 18% over the year that ended in April, down to $74 million. That puts it well behind brands like Cheerios and Frosted Flakes, each which have sales of over $200 million a year. Private label sales have also hurt sales of branded cereals. Revenues in this category were $637 million over the same April-end period. There is also profit margin pressure on Corn Pops because... |
Sears thinking about moving from Illinois
Tuesday 29th of May 2012 03:02:27 PM
Posted by admin / Under Sears
| Sears may leave Chicago |
Sears Researching Possible Move From Illinois
Tuesday 29th of May 2012 03:02:27 PM
Posted by admin / Under Sears
| Sears Holdings Corp. is researching a possible move of its headquarters and 6,200 jobs out of Illinois, a company spokesman said Monday. The retailer has had preliminary discussions with the Chicago suburb of Hoffman Estates, where it is located, and has commissioned an economic impact study, said spokesman Chris Brathwaite. "We do owe it to our associates and shareholders to consider options and alternatives and intend to be very thoughtful and thorough in our deliberations," Brathwaite said. State and local incentives that Sears receives will expire in 2012, Hoffman Estates Mayor Bill McLeod said. The town and company have been... |
You won't believe what Sears is selling now"Hot & Exotic" PORNOGRAPHY!
Tuesday 29th of May 2012 03:02:27 PM
Posted by admin / Under Sears
| You won't believe what Sears is selling now "Hot & Exotic" is just one small sample of Sears' explicit DVD offerings May 6, 2011 Dear Freeper, Under the new leadership of Chairman Edward Lampert, Sears is now offering hard-core pornographic DVDs and music. Not just a few x-rated products, but scores of them! AFA ordered one of the DVDs to see if it really came from Sears. It did! It was mailed to us in a Sears envelope, with a Sears shipping label, from a Sears distribution center. Not only does Sears' website allow children to view its pornographic offerings... |
1982
Tuesday 29th of May 2012 03:02:27 PM
Posted by admin / Under Sears
| From the 1982 Sears catalog. A lot of this stuff is still around and still going strong, they really don't make them like they used to. I gave my 1983 Minolte XG-M a check last tonight, still in great shape, but I've worn out 3 digital cameras in the last 10 years. The XG-M was close to 300 bucks in 83 though, it would be expensive to make today |
Sears Yanks Shirts Showing Picture of Twin Towers With Word 'Gotcha'
Tuesday 29th of May 2012 03:02:27 PM
Posted by admin / Under Sears
| Sears Yanks Shirts Showing Picture of Twin Towers With Word 'Gotcha' Sears department store is reportedly under fire for selling T-shirts depicting images of the Twin Towers with the word "Gotcha" emblazoned on the front of the clothing. The company Gotcha reportedly made the clothing and printed its brand name on the front of the shirts. But Sears executives claim the word "Gotcha" was never meant to be attached to images of the World Trade Center towers, the station reports. |
Sears to Sell Samsung 3-D HDTVs In March
Tuesday 29th of May 2012 03:02:27 PM
Posted by admin / Under Sears
| Sears says it will begin selling Samsung 3-D HDTVs next month, which will make it one of the first retailers to sell the new 3-D sets. Sears says two Samsung sets will begin shipping next month: a 46-inch, 3-D LED HDTV priced at $2,599 and a 55-inch LED HDTV priced at $3,299. They will be available at Sears stores in March. "The anticipation for the 3-D experience at home has been mounting, and we're giving our shoppers a competitive edge by being one of the first retailers to offer these products," stated Karen Austin, president, Home Electronics, Sears Holdings. Sears... |
Baby-roasting BBQ pulled from Sears site: Red-faced retailer apologizes
Tuesday 29th of May 2012 03:02:27 PM
Posted by admin / Under Sears
| In a blunder that might top the Baby Shaker app on Apple's App Store, retailing giant Sears.com has been caught offering a Bar-B-Que grill specially designed to roast infants and other human morsels. |
Judge boots problem juror in Fla. terrorism case
Tuesday 29th of May 2012 03:02:27 PM
Posted by admin / Under Sears
| MIAMI (AP) -- An uncooperative juror has been replaced on the panel in Miami deliberating the case of six men accused of plotting to destroy Chicago's Sears Tower and attack FBI offices. . . . U.S. District Judge Joan Lenard said Tuesday the juror had violated her duty by refusing to deliberate and casting doubt on the law. |
Deadline Nears to Help Retailer Make Wishes Come True
Tuesday 29th of May 2012 03:02:27 PM
Posted by admin / Under Sears
| HOFFMAN ESTATES, Ill., Oct. 30, 2008 – The deadline is tomorrow for servicemembers to apply for the Sears “Heroes at Home Wish Registry.” In consultation with the Defense Department, Sears has expanded the popular program, enabling America to fulfill holiday wishes for up to 20,000 servicemembers and their families. Military personnel can log on to www.sears.com/wish through tomorrow to apply for the Wish Registry. Between Nov. 2 and Dec. 25, Sears will invite America to help fulfill their wishes with a Sears gift card. “Since 1916, Sears has been committed to America’s servicemen and women with programs to employ... |
Outrage:"The Big Red One" as a FASHION STATEMENT???
Tuesday 29th of May 2012 03:02:27 PM
Posted by admin / Under Sears
| Amazing...Check this out on breitbart TV. My apologies in advance if this is already in circulation here. Sears apparently has a deal in the works to launch a line of clothing with the "Big Red One" patch on it. Amazingly stupid,not to mention a slap in the face to all who served with that patch on their uniform. Here's the link..... http://www.breitbart.tv/?p=171143 |
BofA declines to renew Sears letter of credit
Tuesday 29th of May 2012 03:02:27 PM
Posted by admin / Under Sears
| Sears Holdings Corp., the retailer being reorganized by hedge fund investor Edward Lampert, said Bank of America Corp. refused to renew a $1-billion letter of credit under existing terms, sending the shares down 3.2% in after-hours trading Friday. Losing the credit probably won't affect Sears' access to cash, the Hoffman Estates, Ill., company said in a regulatory filing. The retailer had $1.62 billion in cash as of Feb. 2, a 58% decline from a year earlier. Retailers use letters of credit to assure vendors that they have money to pay for goods, and losing a bank's backing may mean having... |
Jury finishes first day of deliberations in terror trial (nothing big, Sears Tower, please move on)
Tuesday 29th of May 2012 03:02:27 PM
Posted by admin / Under Sears
| Jury finishes first day of deliberations in terror trialAssociated Press - March 28, 2008 5:33 PM ET MIAMI (AP) - A Florida jury has wrapped up its first day of deliberations in the trial of 6 men accused of plotting terrorist attacks against Chicago's Sears Tower and FBI offices. Before the deliberations started, prosecutors appealed to the jury not to buy defense claims that the plot was really just a con aimed at getting some money. The alleged ringleader testified that he faked interest in terrorism in an effort to scam $50,000 out of a man he thought had been... |
Democrats for Boeing-The truth about the tanker deal
Tuesday 29th of May 2012 03:02:27 PM
Posted by admin / Under Sears
| Democrats for Boeing The truth about the tanker deal. by Christian Lowe 03/24/2008, Volume 013, Issue 27 It was one of those insider deals that give the defense industry a bad name, conjuring up images of smoke-filled negotiations between the brass and corporate fat cats in plush leather chairs. By the time it was over, two fat cats were in jail, a top Pentagon official had been forced to resign, a corporate CEO had lost his job, and the reputation of an iconic company that had served American troops for decades had suffered irreparable damage. Then it turned out it... |
The Large US Companies That May Disappear In 2008
Tuesday 29th of May 2012 03:02:27 PM
Posted by admin / Under Sears
| Firestone. American Motors. Texaco. Pan Am. Worldcom. At one point or another these large American companies were at the top of their industries. Pan Am was the leading global airline for decades. All are gone. Some were sold off. Others went bankrupt. Who could have predicted it? There are several iconic US companies that may well not exist at the end of 2008. Some may not even make it halfway through the year. Not all will go out of business. Some may simply be auctioned off in pieces. Others may be bought. These companies will not exist in their current... |
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