KMART

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...

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...

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.

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.

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.

Three teens are accused of attacking a Delaware County high school student after video of the incident surfaced on social media.

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...

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.

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...

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...

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...

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.

“I am the man I am today because of the people I have met here at Kmart,” he added.

Sears has filed for Chapter 11 bankruptcy protection, buckling under its massive debt load and staggering losses. Here is a list of store closings.

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...

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...

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...

Snowflakes, hot chocolate, good cheer and lots of spending are just around the corner. ‘Tis the Season for seasonal hiring.

Sears continued to struggle in its second quarter with declining sales amid heightened competition from the likes of Walmart to Amazon. It now says it will close even more stores. The Hoffman Estates, Illinois retailer, which operates Sears and Kmart stores, has been trying to cut costs by closing stores, including 180 this year and already had plans to cut...

Katz Properties has sold the Brookhaven Shopping Center for an estimated $35 million to Invesco Real Estate.