March 21, 2012 in The Daily Republic
Richard Warren Sears moved to the nation’s railroad hub, Chicago, where in 1887 he met Alvah Curtis Roebuck, a watchmaker and printer. Rural life and retailing were about to change. Continue Reading
January 9, 2012 in Grand Forks Herald
The news last week that Bloomingdale’s is leaving Bloomington, Minn.’s Mall of America comes just after Sears’ recent announcement that it was closing 25 of its “full-line” stores nationwide — most of which are in anchor malls. Continue Reading
December 29, 2011 in West Central Tribune
WILLMAR Willmar’s Kmart store in the Kandi Mall is on a list of stores slated to be closed by Sears Holdings Corp., the parent company of Sears and Kmart.
December 29, 2011 in Grand Forks Herald
Sears Holdings Corp. announced Tuesday that it would close 100 to 120 Kmart and Sears, a move that is expected to generate $140 to $170 million of cash after selling the stores’ inventory. As of Dec. 25, Kmart sales were down 1.8 percent and Sears sales had dropped 3.3 percent for the year. A Thursday announcement included 79 locations that would be closed in 2012, including Kmarts in Willmar, New Hope and White Bear Lake in southern Minnesota. Continue Reading
December 28, 2011 in The Daily Republic
WASHINGTON When Kmart acquired Sears in 2005, Chairman Edward Lampert said the new company would have the geographic reach and scale to compete with Wal-Mart. Continue Reading
December 27, 2011 in WDAZ
NEW YORK (AP) After a disastrous holiday shopping season, the parent company of Sears and Kmart will close at least 100 stores to raise cash a move that sparked speculation about whether the 125-year-old retailer can avoid a death spiral fed by declining sales and deteriorating stores.
December 27, 2011 in Grand Forks Herald
Sears Holdings Corp. plans to close between 100 and 120 Sears and Kmart stores after poor sales during the holidays, the most crucial time of year for retailers. The closings are the latest and most visible in a long series of moves to try to fix a retailer that has struggled with falling sales and shabby stores. Continue Reading