Sears Holdings

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Sears sues to keep DieHard name off sex spray

Sears Roebuck and Co. and one of its companies have filed suit in U.S. District Court in Chicago against a Georgia online company for selling a sexual enhancement product marketed under the “DieHard” brand name.

Sears and KCD IP LLC, an affiliate of Sears which owns trademark rights to “DieHard,” charge that RockHard Laboratories LLC and RockHard Laboratories Holdings LLC infringed on its trademark and caused its reputation to suffer from the online marketing of RockHard’s topical desensitizing spray. Get the full story »

Sears interim CEO pay more than triples in 2010

W. Bruce Johnson was appointed in 2008. (Sears handout)

Sears Holdings Corp. interim Chief Executive W. Bruce Johnson saw his compensation package rise 250 percent to $5.3 million last year, according to a proxy the Hoffman Estates-based company filed with the Securities and Exchange Commission.

Johnson, who held the spot until February, received a base salary of $980,000, up 15 percent from the prior year. His stock awards were $4.3 million, up from $663,000. Get the full story »

Sears adds drugstore brand cosmetics

Sears, Roebuck and Co. announced plans Monday to sell cosmetic brands normally found at the corner drugstore in 100 of its stores and on its web site. Get the full story »

Sears raises credit facility capacity to $3.275B

Sears Holdings Corp. said Friday that it increased the borrowing amount on its domestic revolving credit facility to $3.275 billion from $2.441 billion. Get the full story »

Sears, J. C. Penney among firms cutting Ill. jobs

From Crain’s Chicago Business | Hoffman Estates-based Sears Holdings Corp. is closing a St. Charles store and laying off workers, making the retailer one of six Illinois companies planning a total of 505 job cuts in coming months. Meanwhile, J.C. Penney Co. said it will close its store at Springhill Mall in West Dundee in June, leaving 139 employees without jobs.

Ill. to connect online retailers with new partners

Amazon dropped its Illinois business affiliates last week. (AP Photo/Paul Sakuma)

The Illinois commerce department will try to find new partners for businesses that previously sold products through Internet retailers like and Amazon and Overstock plan to drop Illinois-based affiliates this spring to allow them to avoid collecting sales taxes under a new law that applies to Internet businesses that team up with Illinois partners. Get the full story »

Sears latest store chain to woo Amazon affiliates

Sears Holdings Corp. on Thursday invited sales affiliates worried about losing Amazon business to direct their online traffic to The Hoffman Estates-based company joins a growing chorus of other retailers looking to cash in on Amazon’s battle with state governments over collecting sales tax.

In an open letter written Thursday, Sears eCommerce President Imran Jooma said he wanted affiliates “around the country to know that you have a place with us.”, the world’s largest online retailer, relies on a fleet of deal sites and other online portals to direct customers to The affiliate websites typically send potential customers to Amazon’s website in exchange for a cut of sales. Get the full story »

Colorlab to open cosmetics boutiques in Sears

Colorlab Custom Cosmetics, a Rockford-based makeup manufacturer, is moving into Sears as the department store chain expands its beauty business and looks for tenants. Get the full story »

Sears CEO to get $7.2M, plus commuting costs

From Chain Store Age | Sears Holdings Corp. in a regulatory filing reported that its newly named CEO Louis J. D’Ambrosio will be compensated $7.2 million and a charter airplane for his commute from Pennsylvania to Illinois. Get the full story>>

Sears continues to struggle as 4Q profit sinks

Sears' same-store sales fell 1.2 percent at U.S. stores open at least one year. (AP Photo/Paul Sakuma)

Sears Holdings Corp.’s fourth-quarter profit fell 13 percent as the retailer continues to struggle with declining sales of appliances and apparel and its namesake Sears department stores.

In his annual letter to shareholders Thursday, Sears Chairman Edward Lampert called the financial results “unacceptable” and outlined a vision for the Hoffman Estates-based retailer operating smaller stores and expanding online. Get the full story »

Sears names IBM veteran its CEO

Sears Holdings Corp. named IBM veteran Lou D’Ambrosio CEO and president, effective Thursday.

D’Ambrosio succeeds W. Bruce Johnson, who has served as interim CEO and president since January 2008. Get the full story »

Sears Canada’s fourth-quarter profit falls

Retailer Sears Canada posted a 28 percent drop in its quarterly profit, hurt in part by lower demand for appliances.

“The 2010 results were disappointing due to several external factors including increasing household debt, at an all time high, which affects sales in major expense items such as appliances,” Chief Executive Dene Rogers said in a statement. Get the full story »

Sears chooses new head of major business unit

Sears Holdings Corp. has named company executive Scott Freidheim executive vice president and president for Kenmore, Craftsman and DieHard — key brands for the retailer. The move comes after several other key personnel announcements at Hoffman Estates-based Sears, including a new chief of home fashions and another for grocery and pharmacy. Get the full story »

Sears snaps up Kohl’s exec to head home fashions

Sears Holdings Corp. has hired Kohl’s executive Chris Capuano as senior vice president and president of home fashions.

She is taking over the top home goods post from Douglas Wurl, vice president and general merchandise manager of home fashions, who is leaving the company. Get the full story »

Sears gets boost from Dillard’s move to form REIT

Shares of department-store operators climbed Thursday as investors made bets on which retailers may follow Dillard’s Inc.  in its plan to form a real-estate investment trust.

Dillard’s said in a regulatory filing late Wednesday it believes the formation of a REIT may enhance its ability to access debt or preferred stock and improve its liquidity. The retailer said it plans to transfer interests in certain properties to the REIT and will then lease back the properties. Get the full story »