Lampert's ESL Investments is finally approved to buy the iconic retail giant amid protests from creditors...
The retail chain would need to close some of its stores immediately as part of the deal...
The iconic company appears to be teetering on the verge of going out of business...
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Company still struggling to return to profitability as it shutters more stores...
Eddie Lampert has proposed signing a tentative deal and then allowing Sears to shop for a competing offer before closing the deal within 60 to 90 days...
Sears is expanding its partnership with Amazon to provide full-service tire installation to online customers...
The beleaguered retailer is targeting 100 of its loss-making stores and will start the process of closing 72 of them imminently...
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The Kenmore brand, as well as home improvement products and parts-direct division may be up for sale...
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The retailer recently announced a tire deal with Amazon, sending it shares soaring...
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Amazon's customers will select tires online and choose a Sears location, which will install them...
Under Armour vaults higher on a Deutsche Bank upgrade while Alcoa craters on Russia decision...
Sears Holdings chairman and CEO Edward Lampert said the group "must substantially improve our sales and gross margin performance" to "ensure our long-term viability" ...
"We are actively pursuing transactions to adjust our capital structure"...
The department store chain said it would continue to look to diversify revenue streams through third-party partnerships, and build on momentum around appliances and mattresses...
The owner of Sears and Kmart stores warned that it would post a third quarter loss of between US$525.0mln and US$595.0mln...
On top of that, after more than a hundred years, Sears is to stop stocking Whirlpool products...
The Wisconsin-based retailer has unveiled plans to roll out a “smart home experience” in ten of its stores next month, just before the start of the busy holiday season...
The NYSE-listed retailer posted quarterly revenue of US$302.2mln, up from US$292.0mln a year earlier, ahead of the US $293.0mln consensus estimate...
Sears reported a quarterly loss, of US$1.16 per share, but, that was much better than Wall Street expected...
Sears has so far achieved US$1bn in annualised cost savings in its overhaul of the business...