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Black Friday Hours: Here's a List of When Retailers Will Be Open
Although some retailers have already started marking down items and cueing the holiday music, the season will kick off in earnest this week. Retailers are preparing for crowds of shoppers as the holidays approach, with retail sales expected to grow between 3.8% and 4.2% this year to between $727.9 billion and $730.7 billion, according to the National Retail Federation. For...
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Stores Pull Child Bride Costume From Shelves Amid Debate
Here comes the… controversy. Australian Kmart — which has no relation to U.S. Kmart — yanked a child bride Halloween costume after more than 500 people signed an online petition claiming that it normalizes sex trafficking. “A child bride costume currently exists on Kmart shelves in children’s sizes. Tell Kmart this is beyond inappropriate and offensive and that they have...
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Sears Sues Former Chairman Eddie Lampert
Sears Holdings Corp. is suing its former chairman and largest shareholder Eddie Lampert, alleging the billionaire stripped the once iconic company of more than $2 billion in assets.
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Man Buys $8 Million Island Off Key West Then Steals From Kmart: Cops
Police in Florida say a man who bought an $8 million island off Key West is accused in a scheme to steal $300 in household items from Kmart.
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3 Teens Charged in Caught on Cam Attack of Delaware County High School Student
Three teens are accused of attacking a Delaware County high school student after video of the incident surfaced on social media.
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3 Charged in Caught on Cam Attack of Teen Boy in Ridley Township
Three teens were charged in a caught on camera attack of a Delaware County high school student which went viral. Police are searching for more possible suspects.
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Sears Reaches Deal With Chairman Eddie Lampert to Save Company and Roughly 400 Stores: Source
Midday Tuesday, billionaire Eddie Lampert’s efforts to keep Sears alive were dead. Lawyers and bankers who had been holed up in the offices of Weil, Gotshal & Manges on Fifth Avenue to work out a deal between Lampert and Sears Holdings were resigned to the reality that the company would liquidate and the Sears chairman’s efforts to save up to...
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Chairman Offers Lifeline for Sears, Kmart
Employees of a K-Mart store near Pittsburgh, Pa., bid emotional goodbyes over the weekend just before the store shut its doors for good. Sears, which also owns Kmart, has a few more days to consider its options in hopes to keeping the business alive. Chairman Eddie Lampert is making a $5 billion bid to save thousands of jobs.
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Eddie Lampert Submits Revised Bid of Roughly $5 Billion in Last-Ditch Effort to Save Sears
Sears Chairman Eddie Lampert has submitted a revised bid of roughly $5 billion in a last-ditch attempt to save the retailer from liquidation, according to a person familiar with the matter....
This latest attempt comes one day after Lampert’s initial $4.4 billion bid to save Sears was rejected by the company. It faced a number of challenges, including being short of... -
Court Gives Sears New Life, Allows Chairman Eddie Lampert Another Chance to Save Retailer
Sears is giving Chairman Eddie Lampert another chance to buy the company out of bankruptcy and save roughly 55,000 jobs. Sears on Tuesday had planned to tell the bankruptcy court it had rejected Lampert’s offer to buy the retailer, after it fell short of covering its bankruptcy expenses. Lampert, though, protested the decision, highlighting the extensive costs of Sears’ bankruptcy...
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Sears Likely to Liquidate If No Bid Comes Friday for the Iconic Retailer
Sears, the 125-year-old icon, has 24 hours to survive. The employer of more than 68,000 filed for bankruptcy in October. Its last shot at survival is a $4.6 billion proposal put forward by its chairman, Eddie Lampert, to buy the company out of bankruptcy through his hedge fund, ESL Investments. ESL is the only party offering to buy Sears as...
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Pennsylvania Kmart, Sears Stores Now Slated to Close
Sears has released another list of stores it will close, including the Kmart in Philadelphia’s Mayfair neighborhood and the Sears at the Berkshire Mall in Berks County.
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Kmart Manager Delivers Emotional Final Intercom Page as Store Shuttered
“I am the man I am today because of the people I have met here at Kmart,” he added.
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Kmart Manager Delivers Emotional Final Page at Pa. Store
Joshua Englert spent 18 years working at a Pittsburgh-area Kmart. But with the bankruptcy filing of the discount retailer’s parent company, Englert and his colleagues had to say goodbye to their store. So he delivered one final emotional message to faithful shoppers.
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Sears, Kmart Stores Set to Shutter in Pennsylvania, New Jersey
Sears has filed for Chapter 11 bankruptcy protection, buckling under its massive debt load and staggering losses. Here is a list of store closings.
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Sears Bankruptcy Means Local Store Closures
Nine Sears and Kmart stores in the Philadelphia area will be shuttering as the nationwide retailer files for bankruptcy protection.
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From Largest US Retailer to Possible Bankruptcy, Sears Lines Up Emergency Financing for Potential Filing
Sears Holdings has contacted banks in recent days to arrange the financing necessary to file for bankruptcy after 125 years in business, people familiar with the situation told CNBC. The stock plummeted 32 percent, to 40 cents a share, in Wednesday’s premarket trading after the report. The so-called “debtor-in-possession” loan, which companies need to have enough liquidity to keep running...
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Sears to Close 72 More Stores Amid Financial Struggles
Sears Holdings announced Thursday that it will close 72 more stores in 2018, CNBC reported. The announcement comes as its same-store sales continue to decline at a double-digit percentage rate. Sears said it has identified 100 non-profitable stores, and will begin to close sales at 72 of them in the near future. Sears will provide a list of the stores...
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After 101 Years, Sears Will Stop Selling Whirlpool Appliance
Sears will no longer sell Whirlpool appliances, ending a business relationship that dates back more than 100 years. In a note sent to its stores last week, Sears said that Whirlpool was making demands that would’ve made it difficult to sell its appliances at a competitive price. Sears has been ravaged by new competition for years, from stores like Home...
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‘Tis the Season: Here Are the Places You Could Score a Seasonal Job
Snowflakes, hot chocolate, good cheer and lots of spending are just around the corner. ‘Tis the Season for seasonal hiring.