Tag Archives: Kmart

Sears Slims Q4 Loss; Fiscal-Year Loss Increases

Sears

HOFFMAN ESTATES, Ill.-Sears Holdings said its fourth-quarter net loss fell from $489 million last year to $358 million in this year’s quarter. Meanwhile, the company’s net loss for the fiscal year ending on Feb. 1 rose from $930 million to $1.4 billion. Edward Lampert, Sears Holdings’ chairman and CEO, said the company’s results continue toMore »

Sears Same-Store Sales Dive in Q4

Sears

HOFFMAN ESTATES, Ill.-Same-store sales for Sears Holdings were down 7.4 percent for the fourth quarter through Jan. 6, according to a preliminary statement about the quarter from the parent of Sears and Kmart. The falloff included a 9.2 percent drop in same-store sales from Sears domestic stores and a decrease of 5.7 percent from KmartMore »

Sears Loss Grows in Q3

Sears

HOFFMAN ESTATES, Ill.-Declines in sales and a jump in promotional activity made the ink in Sears Holdings’ bottom line redder in its fiscal third quarter, ending on Nov. 2. The company posted a net loss of $534 million in the quarter, compared to a net loss of $498 million in last year’s third quarter. NetMore »

Sears, Kmart Slate Early Black Fridays

Sears Kmart

HOFFMAN ESTATES, Ill.-Sears and Kmart will move Black Friday to Nov. 22, one week earlier than when the traditional Black Friday will fall. The event will be a presale exclusively for the two retailers’ Shop Your Way members. The program’s members will be able to shop more than 1,000 Black Friday doorbusters at sears.com beginningMore »

Rick Zugel of DKB Dies

Rick Zugel

SHEBOYGAN, Wis.—Rick Zugel, director of sales at DKB Household, passed away on Nov. 10. He was 63. Zugel spent his career in housewares sales, most recently with DKB Household and previously with Wilton Products, the Sunbeam Corporation, Mirro Company (a division of Newell Rubbermaid), Regent Sheffield LTD and Regal Ware, Inc. A graduate of theMore »

Sears Holdings’ Loss Grows in Q2

Sears Holdings

HOFFMAN ESTATES, Ill.-In a second quarter in which the company’s revenues and gross margin continued to slide, Sears Holdings reported a net loss of $194 million, compared to its net loss of $132 million in last year’s second quarter. Total sales and merchandise services in the quarter, which ended on Aug. 3, were $8.9 billion,More »

JCP, Sears, QVC Drop Paula Deen Products

Paula Deen from Today Show interview

NEW YORK-J.C. Penney, Sears Holdings (parent of Sears and Kmart) and QVC have all discontinued Paula Deen-branded merchandise, in the wake of the controversy over racial slurs Deen admitted to using some time ago. Brief statements from J.C. Penney and Sears Holdings representatives to HFN confirmed that the two retail companies have ended their relationshipsMore »