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Skechers sues Sears over toning-shoe patents

Skechers USA Inc. Tuesday said it filed a lawsuit against Sears Holdings Corp., alleging the retailer sells footwear that infringes some of the shoe company’s products.

The footwear design and marketing firm alleged Sears sells products at its namesake and Kmart retail stores that infringe Sketcher’s Shape-ups, Twinkle Toes and Z-Strap product lines. Skechers is the market leader in theĀ  toning segment — shoes that promise to burn calories and firm muscles. 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 »

Lampert, hedge fund take 5.8% Gap stake

Wall Street Journal | ESL Partners, the hedge fund run by Sears Holdings Chairman Edward Lampert, has taken a 5.8 percent stake in Gap Inc., according to a Securities and Exchange Commission filing.

Craftsman compressors among 460K recalled

Around 460,000 air compressors sold by Sears and other stores are being recalled voluntarily because of a fire hazard, the U.S. Consumer Product Safety Commission said Thursday.

Tennessee-based DeVilbiss Air Power Co., which makes the devices, has received nine reports of motors overheating. Three of thoseĀ  included fire damage to surrounding property. No injuries have been reported, the agency said in a statement. Get the full story »

Sears rolls out its answer to Netflix

Sears Holdings Corp. has launched its online movie download service, Alphaline Entertainment, allowing Sears and K-Mart customers to download movies the day they are released on DVD.

The service runs on Sonic Solutions’ RoxioNow platform, and the companies are working to make the services available on portable media players, mobile phones and high-definition televisions under a multi-year agreement. Plans for the service were first announced in June. Get the full story »