Search Results for: Sears

By Jewish Business News On Monday, August 10th, 2020

Will Amazon open distribution centers at Simon malls? Sears, JCPenney stores?

The Wall Street Journal report on talks between Amazon and the nation’s largest mall operator Simon Property Group to convert empty department stores including J.C. Penney and Sears into distribution centers. WSJ More...

By Shai Genish On Monday, October 15th, 2018

Sears, The Retail Giant That Changed America, Declares Bankruptcy

Sears, the chain that changed the retail industry in America, has filed for Chapter 11 bankruptcy protection just after midnight early hours of Monday, ahead of the crucial holiday shopping season, The 132-year-old More...

By News On Saturday, February 27th, 2016

As losses grow, SEARS names outside investor Bruce Berkowitz to board

  Feb 25 Sears Holdings Corp appointed its largest outside investor Bruce Berkowitz to the board on Thursday after he signaled he wanted to play a more active role in trying to turn the loss-making retailer More...

By Jewish Business News Correspondent On Thursday, December 3rd, 2015

Sears Posts $454 Million Third-Quarter Loss as Sales Slump

  Sears Holdings Corporation,   the retailer chain store, run by hedge-fund manager Edward Lampert, posted a $454 million third-quarter loss as its shrinking store base hurt sales. Illinois-based company More...

By News Brief On Tuesday, August 18th, 2015

Insider Selling: Bruce Berkowitz Sells 61, 450 Shares of Sears Holdings Corp Stock (SHLD)

Sears Holdings Corp (NASDAQ:SHLD) major shareholder Bruce R. Berkowitz sold 61, 450 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $24.91, More...

By News Brief On Tuesday, June 23rd, 2015

Sears, Walmart to stop selling Confederate flag merchandise

  Eddie Lampert‘s Sears Holdings Corporation, which operates Sears and Kmart said it would remove confederate flag merchandise sold by third-party vendors online. It does not currently sell confederate More...

By Reuters On Wednesday, December 24th, 2014

Sears says online chief resigns, key member of management team

– The head of Sears Holdings Corp‘s online operations and a key member of Chief Executive Eddie Lampert‘s management team has resigned and will leave the company in February to pursue a new opportunity, More...

By Vered Weiss On Monday, December 8th, 2014

Sears, 3 Other Retailers, Suffering From Holiday Depression

Retail has always been a tough industry, but with ecommerce, price slashing promotions and competition, the waters are rough for many once successful companies, according to News Sears was More...

By Reuters On Thursday, December 4th, 2014

Sears reports smaller-than-estimated quarterly loss

–   Sears Holdings Corp reported a quarterly net loss of $548 million, less than it had estimated last month, as the struggling retailer cuts costs after years of sluggish sales. Sears had said that More...

By Vered Weiss On Monday, November 10th, 2014

Sears Is Getting Seared As Lampert Sells His Company to Himself

  Sears Holdings (SHLD) shares rose 31% on Friday, and at first glance, one might think that is an indication that the stock  is in recovery mode. However, the stock flew up on news that CEO Eddie More...

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