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Sears Holdings (SHLD +4.34%) already said it would close as many as 120 Sears and Kmart stores this year in an effort to turn the business around. But that wasn't enough. The struggling retailer said Thursday it will have to tighten its belt even more. Sears is now planning to close 43 Hometown stores, 10 Sears Hardware stores and all nine stores in the Great Indoors chain. Hometown stores are independently operated, and sell hardware in mostly rural areas. Sears is also getting rid of clothing in 10 Sears stores -- perhaps in a test run for a chain-wide initiative...
Published on Tuesday 15th of May 2012 04:14:09 PM
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Posted by admin! / Under Kmart Australia
Closings Announced in Dec. 27, 2011 Sears Holdings Update This list represents 79 of the 100 to 120 store closings that were announced in the December 27, 2011 Sears Holdings press release.Additional updates will be posted to www.searsmedia.com as they become available.Employment varies by store and format and at this time we cannot provide the total number of impacted associates. However, a typical store that is being closed employs between 40 and 80 associates. FORMAT STREET ADDRESS CITY STATE ZIP Sears Hardlines Only 1916 19th Ave Lewiston ID 83501 Sears Hardlines Only Us Hwy 25e - Ste B2 Middlesboro KY...
Published on Tuesday 15th of May 2012 04:14:09 PM
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Posted by admin! / Under Kmart Australia
Sears Holdings Corp. said Tuesday it will close 100 to 120 of its full-line Sears and Kmart stores as it struggles to attract shoppers. Sales for the fourth quarter are off a disappointing 5.2 percent compared with last year. “Given our performance and the difficult economic environment, especially for big-ticket items, we intend to implement a series of actions to reduce on-going expenses, adjust our asset base, and accelerate the transformation of our business model. These actions will better enable us to focus our investments on serving our customers and members through integrated retail – at the store, online and...
Published on Tuesday 15th of May 2012 04:14:09 PM
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Posted by admin! / Under Kmart Australia
Between 100 and 120 Sears and Kmart stores will be closed, Sears Holdings said Tuesday, after terrible holiday sales during what is the most crucial time of the year for retailers. Sears has yet to determine which stores will be closed, but there has been a clear shift in where the retailer will devote its resources. The company is moving away from its practice of propping up "marginally performing" stores in hopes of improving their performance. Sears said it will now concentrate on cash-generating stores. "Given our performance and the difficult economic environment, especially for big-ticket items, we intend to...
Published on Tuesday 15th of May 2012 04:14:09 PM
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Posted by admin! / Under Kmart Australia
Springfield Secret Santas Pay Off Layaway Bills for Needy FamiliesDecember 17, 2011 | Mary Moloney, KSPR News Reporter SPRINGFIELD, Mo. — Good Samaritans have found a way to help needy Springfield families this holiday season. About a dozen people walked into the South Campbell Kmart and paid for the presents of strangers whose gifts sat on layaway. "One young man came in who had gotten a $500 bonus from work. He just thought it was a great thing. He's even posted it online challenging his friends to do the same thing and he's come in and paid off several people's...
Published on Tuesday 15th of May 2012 04:14:09 PM
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Posted by admin! / Under Kmart Australia
Without a fresh round of tax incentives, two iconic Illinois companies might soon be on the move. The companies -- Sears Holdings and CME Group -- are the latest in a series of Illinois firms to threaten departure after the state temporarily raised corporate taxes earlier this year. Sears Holdings, which has 6,100 employees at its corporate headquarters and operates both K-Mart and Sears stores, is looking for its current package of tax incentives to be extended. ... The stakes are high. Earlier this year, Caterpillar threatened to leave Illinois, an announcement that sparked something of a relocation competition among...
Published on Tuesday 15th of May 2012 04:14:09 PM
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Posted by admin! / Under Kmart Australia
I saw this at a local KMart. I first heard of it some time ago when Mark Belling subbed for Rush. I thought he was joking!LOL!
Published on Tuesday 15th of May 2012 04:14:09 PM
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Posted by admin! / Under Kmart Australia
NEW YORK — The parent of Kmart stores is laying off 700 employees working in Kmart's appliance departments as it changes how the stores sell refrigerators, ovens and other appliances. Kmart spokesman Chris Brathwaite says the move will allow customers to check out appliances at any register rather than going to a dedicated register for appliances. But there also won't be any specialized appliance-only staff people on hand near appliances. Instead, all Kmart staffers are being trained to answer questions about appliances. There will also be a 1-800 number customers can call for help. The moves affect appliance specialists in...
Published on Tuesday 15th of May 2012 04:14:09 PM
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Posted by admin! / Under Kmart Australia
Cisco Systems (CSCO) fell 12% just after Thursday's open, a day after reporting lower Q2 earnings and issuing a weak Q3 profit outlook. Smaller, more nimble rivals like Riverbed Technology (RVBD) and EZchip Semiconductor (EZCH) are thriving as cloud computing fuels the need for more and faster network gear. Meanwhile the tech darling of the 1990s is beginning to resemble discounter Kmart (SHLD) in the 1980s, which lost its industry leadership to Wal-Mart (WMT) long before Sam Walton had more sales.
Published on Tuesday 15th of May 2012 04:14:09 PM
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Posted by admin! / Under Kmart Australia
Oakland, CA (AHN) - Attorney General Jerry Brown charged discount retailer Target on Monday with illegally dumping of hazardous wastes, while announcing a settlement with rival Kmart over similar charges. Brown was joined in filing the charges by 20 district attorneys around the state and the city attorney of Los Angeles. In a statement, the attorney general said the charges resulted from an investigation that began in March 2006 into how Target disposed of various waste products and toxic chemicals. The statement cited numerous instances in which Target showed "willful disregard" of California's waste disposal regulations, one as recent as...
Published on Tuesday 15th of May 2012 04:14:09 PM
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