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U.S. retailer Sears Holdings Corp. plans to launch 85 toy shops in select U.S. markets next month as it looks for a bigger bite of the holiday sales pie, a senior executive said.
The move from the operator of Sears department stores and the Kmart discount chain comes as competition heats up in the toy retail arena ahead of the biggest selling season of the year. Get the full story »
Retailer Sears.com has partnered with British fashion retailer NEXT to be the exclusive seller of the company’s shoes, clothing and accessories in the U.S.
From CBS2 Chicago | Mousepads with controversial messages like “My kid had sex with your honor student” do not fall outside the guidelines of Sears’ online marketplace, but the company is pulling them anyway after complaints from at least one shopper.
Discover Financial Services, a distant fourth in the credit-card industry, is raising its profile as the new title sponsor of one of college football’s most prestigious bowl games – the Orange Bowl, of course.
The Riverwoods-based company, which has orange in its corporate logo, replaces longtime sponsor FedEx, which ended its 21-year run.
Discover joins Allstate Corp. as a Chicago-area sponsor of a major college football bowl game. Get the full story »
Sears Holdings Corp. hired Razorfish executive David Friedman to take the retailer’s top marketing post, replacing Richard Gerstein, who resigned in May.
Friedman, 46, begins his job as senior vice president and president of Sears’ marketing business unit on Sept. 13.
He was most recently president of the Americas at Razorfish in Chicago, a digital marketing company, where he was head of the firm’s retail and consumer goods practice. Before that, Friedman spent 10 years with Accenture, formerly Andersen Consulting, as an associate partner working with retail and consumer products companies. Get the full story »
Most retail stocks were lower Thursday, with Sears Holdings Corp. shares down 7.6 percent to $62 after the department-store operator posted disappointing second-quarter results.
Sears reported a larger-than-expected second quarter loss early Thursday and that sales dropped by $93 million to $10.5 billion. Get the full story »
Retailer Sears Canada said on Tuesday its quarterly profit dropped as weaker consumer confidence weighed on sales.
For the second quarter ended July 31, net income fell to C$31.9 million, 29 Canadian cents a share. That compares with C$49.1 million, or 45 Canadian cents, for the same quarter a year earlier. Get the full story »
Sears Holdings Corp. is opening a Craftsman “experience” store in a River North loft building at 233 W. Huron Street, a block away from it’s Kenmore Live Studio. The move is part of the company’s strategy to sell the key brand through more channels. Earlier, it struck deal to sell Craftsman tools in about 100 Ace Hardware stores. Get the full story >>
A former Deloitte and Touche LLP partner and his son were charged with insider trading in securities of Best Buy Co. Inc. , Sears Holdings Corp. and other companies, the Securities and Exchange Commission said Wednesday.
Thomas Flanagan, a former Deloitte vice chairman, used inside information obtained through his duties at the accounting firm to reap more than $430,000 in illegal profits, the SEC said. Get the full story »
Discounter Kmart Corp. is touting more exclusive brands and stepping up its mobile marketing efforts to win over cautious U.S. shoppers in what’s shaping up to be a highly competitive back-to-school season.
The unit of Sears Holdings Corp., sporting everything from embellished jeans to candy-colored staplers this season, will offer several new exclusive brands, including apparel lines “Dream Out Loud with Selena Gomez,” “Bongo” and “Rebecca Bonbon” as it takes on rivals like Wal-Mart Stores Inc and Target Corp. Get the full story »
Sears Holdings Corp. said it signed a long-term lease with fast-fashion apparel chain Forever 21 to occupy about 43,000 square feet of a Sears department store in an upscale mall, located in Costa Mesa, Calif.
The deal, the first of its kind, for Hoffman Estates-based Sears, gives the struggling retailer a template to make more productive use of its mall stores, many of which anchor premium shopping centers but lag the retail industry in sales per square foot. Get the full story »
Kmart is launching a new program where online reviews of video games will be displayed on store shelves, an initiative aimed at building ties between the chain’s online and in-store gaming fans.
Kmart, owned by Sears Holding Corp., announced the feature on its KmartGamer blog and in a live chat with gaming enthusiasts via Twitter. Get the full story »
Sears Holdings Corp. Tuesday became the latest retailer to partner with digital media company Sonic Solutions to sell movies and television shows through an online Web site. Under Sonic’s latest multiyear deal, the operator of Sears and Kmart stores has licensed Sonic’s RoxioNow platform to sell digital entertainment under the Sears and Kmart brand names. Get the full story »
