Content about Hoffman Estates, Illinois

April 8, 2014

After a successful launch of a menswear line at Sears, singer Adam Levine is launching an exclusive women’s wear line at 500 Kmart stores and supporting the initiative with a strong digital component.

After a successful launch of a menswear line at Sears, singer Adam Levine is launching an exclusive women’s wear line at 500 Kmart stores and supporting the initiative with a strong digital component.

Sears Holdings announced that Levine’s line would be available on Thursday, April 10 at Kmart and the retailer’s shopyourway.com online site.

April 7, 2014

Former Dell and Best Buy executive William Hutchinson is joining Sears Holdings at SVP and president of supply chain.

Former Dell and Best Buy executive William Hutchinson is joining Sears Holdings at SVP and president of supply chain.

Hutchinson spent seven years with Dell and most recently served as vp of global fulfillment and logistics for the Round Rock, Texas-based company. In his new role Hutchinson will be accountable for all aspects of the company's supply chain, including distribution, transportation, customs compliance and global sourcing. He is filling a role previously held by Raj Penkar, who will retire from the company on May 31.

March 27, 2014

A week after it divested Lands’ End, Sears announced plans to launch Now + Here, a fast fashion shop available in Sears stores across the country, on Sears.com and Shopyourway.com, the second week of April. The Now + Here shops offer a new shop environment with monthly deliveries.

A week after it divested Lands’ End, Sears announced plans to launch Now + Here, a fast fashion shop available in Sears stores across the country, on Sears.com and Shopyourway.com, the second week of April. The Now + Here shops offer a new shop environment with monthly deliveries.

The move comes as the company continues to transform into a member-centric retailer leveraging Shop Your Way and integrated retail.

March 17, 2014

Lands' End will be back on its own as a publicly traded company following a formal announcement by parent company Sears Holdings to spin off the well-known apparel brand.

Lands' End will be back on its own as a publicly traded company following a formal announcement by parent company Sears Holdings to spin off the well-known apparel brand.

The move follows years of speculation that Sears would divest the brand, which it acquired in May 2002 for $62 a share. At the time, Lands' End was a publicly traded company with revenues of nearly $1.6 billion, profits of $67 million and earnings per share of $2.23. The $62 a share Sears paid 12 years ago represented a 21.5% premium over the closing pricing of $51.02 prior to the announcement of the deal.

March 14, 2014

Sears Hometown and Outlet Stores said fourth-quarter same-store sales declined 3.4% as two of the company’s best known brand had disappointing results.

Sears Hometown and Outlet Stores said fourth-quarter same-store sales declined 3.4% as two of the company’s best known brand had disappointing results. Sales in the fourth quarter declined 4.5% to $602.4 million due to the combination of a 3.4% same-store sales decline and an extra week in the fourth quarter the prior year, which added sales of $36.5 million. The same-store sales decline was made up of a 4% decline at the Hometown division and 1.5% decline at the outlet division.

March 10, 2014

Kmart and Sears are among a group of companies identified as “the least engaging brands of 2014,” in a recently released index of customer loyalty.

Kmart and Sears are among a group of companies identified as “the least engaging brands of 2014,” in a recently released index of customer loyalty.

"A brand can't do well in today's marketplace if it can't engage consumers, no matter how many ads are run, and no matter how much social networking one does," said Robert Passikoff, founder and president of Brand Keys, a New York-based brand loyalty and emotional engagement research consultancy.

February 27, 2014

As far as sales go, Sears Holdings didn’t have a very happy holiday. But the company was still able to narrow its loss for the fourth quarter, as it lowered expenses and reduced inventory.

As far as sales go, Sears Holdings didn’t have a very happy holiday. But the company was still able to narrow its loss for the fourth quarter, as it lowered expenses and reduced inventory.

The company said the costs of transforming into a member-centric retailer using an integrated online platform and the omnichannel Shop Your Way membership program fueled its net losses. It attributed declining revenues to lower same-store sales and having fewer stores in operation.

February 10, 2014

Sears has launched a new service powered by the chain’s Shop Your Way mobile app that enables customers to pick up their online purchases at any Sears store within five minutes of arrival.

Sears has launched a new service powered by the chain’s Shop Your Way mobile app that enables customers to pick up their online purchases at any Sears store within five minutes of arrival.

February 5, 2014

Mark Panzer, president and CEO Pharmaca Integrative Pharmacy, will be leaving the company to pursue an opportunity at Sears Holding.

Mark Panzer, president and CEO Pharmaca Integrative Pharmacy, will be leaving the company to pursue an opportunity at Sears Holding.

Panzer will be in charge of pharmacy operations at Sears Holding and will direct the health and wellness initiatives across K-Mart pharmacy as SVP and president pharmacy.

Dave Maher, a longtime Pharmaca board member and fellow chain drug veteran, will be serving as interim CEO as Pharmaca searches for a new candidate. Maher's experience includes time as president of American Stores Company and CEO Osco Drug.  

February 4, 2014

Sears Holdings has named Norman Miller as SVP and president, automotive. Miller most recently served as president and COO of Dollar Financial Corp. In his new role with Sears Holdings, he will be responsible for the company's automotive business, including Sears Auto Centers.

Sears Holdings has named Norman Miller as SVP and president, automotive. Miller most recently served as president and COO of Dollar Financial Corp. In his new role with Sears Holdings, he will be responsible for the company's automotive business, including Sears Auto Centers.

January 16, 2014

Sears and Kmart are the first companies to engage with the Pikato platform and have already seen mobile engagement rates soar 1,100%, according to Pikato.

Sears and Kmart are the first companies to engage with the Pikato platform and have already seen mobile engagement rates soar 1,100%, according to Pikato.

Pikato’s retail mobile marketing solution personalizes the customer shopping experience to increase consumer engagement and deliver measurable results.

January 10, 2014

Declining sales at Sears during the holiday period prompted the company to announce that it anticipates a fourth-quarter loss.

Declining sales at Sears during the holiday period prompted the company to announce that it anticipates a fourth-quarter loss.

The company expects a net loss of between $250 million and $360 million for the quarter, compared to a net loss of $460 million a year earlier. Same-store sales dropped 5.7% in the quarter through Jan. 6 at Kmart, and 9.2% at U.S. Sears stores , resulting in a for a companywide decline of 7.4%.

January 8, 2014

With the new year come resolutions and Sears is looking to capitalize with the FitStudio.com “Points for Progress” program — a fitness rewards program that incentivizes members to incorporate movement into their daily lives to get and stay fit — with the help of pro football analyst and former Steeler Hines Ward.

With the new year come resolutions and Sears is looking to capitalize with the FitStudio.com “Points for Progress” program — a fitness rewards program that incentivizes members to incorporate movement into their daily lives to get and stay fit — with the help of pro football analyst and former Steeler Hines Ward.

December 19, 2013

Sears Holdings has elected law firm executive Cesar Alvarez to its board of directors.

Sears Holdings has elected law firm executive Cesar Alvarez to its board of directors.

Alvarez is co-chairman of the international law firm Greenburg Traurig, which he joined in 1973. Before his appointment as chairman, he served as executive chairman for more than three years and as its CEO for 13 years, starting in 1997.

December 6, 2013

Sears Holdings' plan to spin off Lands' End may have gotten all the attention on Friday, but the retailer’s former hometown and outlet stores division shared results showing how it has fared after receiving similar treatment a year earlier.

Sears Holdings' plan to spin off Lands' End may have gotten all the attention on Friday, but the retailer’s former hometown and outlet stores division shared results showing how it has fared after receiving similar treatment a year earlier.

December 5, 2013

Walmart chief marketing and merchandising officer Duncan Mac Naughton told investors during an October meeting that the retailer would have the largest share of voice during the holiday season and that was certainly evident during November, according to data released this week from Kantar Media Ad Intelligence and Placed.

Walmart chief marketing and merchandising officer Duncan Mac Naughton told investors during an October meeting that the retailer would have the largest share of voice during the holiday season and that was certainly evident during November, according to data released this week from Kantar Media Ad Intelligence and Placed.

December 4, 2013

Sears Holdings chairman and CEO Eddie Lampert has pared down his stake in the retailing company, according to a regulatory filing Tuesday.

Sears Holdings chairman and CEO Eddie Lampert has pared down his stake in the retailing company, according to a regulatory filing Tuesday.

A Securities and Exchange Commission filing showed that Lampert reduced his stake in Sears Holdings to 48.4%, from a 55.4% stake reported in March. That leaves him with about 51.6 million shares in the company, whose stock was valued at $50.38 per share Wednesday morning on the NASDAQ, down from its opening price of $52.62.

December 4, 2013

Target spent an estimated $28 million on advertising November 3-7, which netted it nearly 12% of retail traffic during Thanksgiving weekend, according to data released this week from Kantar Media Ad Intelligence and Placed.

Target spent an estimated $28 million on advertising November 3-7, which netted it nearly 12% of retail traffic during Thanksgiving weekend, according to data released this week from Kantar Media Ad Intelligence and Placed.

November 27, 2013

Sears Canada is undergoing a six-month reorganization that will result in 712 job cuts, including 79 staffers who have already been terminated at its head office.

Sears Canada is undergoing a six-month reorganization that will result in 712 job cuts, including 79 staffers who have already been terminated at its head office.

According to Sears, the head office staff reduction aligns its support structure with the size and volume of the organization and also takes advantage of internal processes that have been recently implemented to improve efficiency.

November 25, 2013

The buzzwords abound — integrated retail, e-commerce — and consumers are becoming increasingly comfortable using these words. No matter what you call it, they are looking for and expecting the same thing: a seamless online to in-store or in-store to online experience.

The buzzwords abound — integrated retail, e-commerce — and consumers are becoming increasingly comfortable using these words. No matter what you call it, they are looking for and expecting the same thing: a seamless online to in-store or in-store to online experience.  

November 21, 2013

Despite its continuing turnaround efforts, Sears Holdings widened its loss in the third quarter after sales fell at both Sears and Kmart.

Despite its continuing turnaround efforts, Sears Holdings widened its loss in the third quarter after sales fell at both Sears and Kmart.

The company reported a net loss for the quarter ended Nov. 2 of $534 million, or $5.03 a share, from $498 million, or $4.70 a share, a year earlier.

November 19, 2013

Sears Canada said a one-time charge of $41 million related to restructuring and asset impairment affected its third quarter results, which resulted in a net loss of about $46.7 million USD — more than double the net loss of $21 million it posted in the same quarter of the previous fiscal year.

Sears Canada said a one-time charge of $41 million related to restructuring and asset impairment affected its third quarter results, which resulted in a net loss of about $46.7 million USD — more than double the net loss of $21 million it posted in the same quarter of the previous fiscal year.

In addition, revenues of $940.7 million were down about 6% from $1 billion. In one bright spot, same-store sales climbed 1.2%. Sears Canada is in the middle of a three-year turnaround program launched in 2012.

November 18, 2013

Electrolux has named former Sears executive Nolan Pike as SVP and GM of its North American cooking business.

Electrolux has named former Sears executive Nolan Pike as SVP and GM of its North American cooking business.

Pike most recently worked for Sears as their Kenmore brand VP and GM and as the top merchant for Sears Home Appliances, the nation’s largest appliance retailer. Additionally, Pike spent many years in manufacturing and led the development, launch and product management of several notable cooking lines.

November 8, 2013

The Shop Your Way loyalty program Sears Holdings introduced in 2009 has been given interesting new social functionality with the introduction of Store Pages.

The Shop Your Way loyalty program Sears Holdings introduced in 2009 has been given interesting new social functionality with the introduction of Store Pages.

November 6, 2013

Kmart is planning to roll out lease-to-own financing at stores nationwide ahead of the holiday season. The retailer began testing the program in mid-October and plans to make it available in all stores by Nov. 22.

Kmart is planning to roll out lease-to-own financing at stores nationwide ahead of the holiday season. The retailer began testing the program in mid-October and plans to make it available in all stores by Nov. 22.

Customers will be able to take home items priced at $150 and more for no credit, including appliances, mattresses, furniture, lawn and garden equipment, consumer electronics, service plans and others. To qualify, customers must be at least 18 years old, earn at least $1,000 per month and supply a social security or tax identification number when applying.