Following in recent tradition, Sears and Kmart stores will open their doors on Thanksgiving, parent company Sears Holdings announced Tuesday in a news release.Both retailers will start Black Friday sales on Turkey Day with most Kmart stores being open 6 a.m. through 10 p.m. Nov. 23 and then reopening 6 a.m. Black Friday.Most Sears stores will be open 6 p.m. Thanksgiving to midnight and then reopen 5 a.m. Black Friday.In a news release, the company announced members of the Shop Your Way rewards program will get early access to all Thanksgiving and Black Friday doorbusters at Sears and day after Thanksgiving deals at Kmart four days early, during an in-store Members Night from 6 to 10 p.m. Nov. 19 and online all-day Nov. 19 and 20. More: Black Friday, Cyber Monday are still prime shopping days despite early deals More: Black Friday 2017: What to buy, what to skip "Nothing says 'ho, ho, ho-migawd!' like our epic Black Friday doorbusters … [Read more...] about Sears, Kmart release Black Friday ads with sales starting Thanksgiving
Kmart buys sears
Major U.S. department retailers Sears and Kmart removed 31 Trump Home products from their online stores, a spokesman said. "As part of the company’s initiative to optimize its online product assortment, we constantly refine that assortment to focus on our most profitable items," Sears Holdings Corporation spokesman Brian Hanover told Reuters in a statement, adding that neither Sears nor Kmart carries Trump Home products in-house. The Trump Home collection, which is owned by the Trump Organization, includes furniture, bedding, lighting, mirrors and chandeliers, according to its website. Neither Sears Holdings Corporation — which oversees Kmart — nor the Trump Organization immediately responded to requests for comment. The decision comes after Nordstrom decided to part ways with Ivanka Trump’s line because of declining sales, prompting President Trump to say on Twitter that his daughter has been “treated so … [Read more...] about Sears, Kmart dump Trump home products from online stores amid boycotting movement
CALUMET CITY, Ill.—To say that that the River Oaks Center, a sprawling mall in this blue-collar suburb of Chicago, has seen better days is an understatement.When it opened 50 years ago, it was one of the first big malls in the Chicago area. And as recently as a few years ago, it boasted four major department stores—Carson Pirie Scott, J.C. Penney, Macy’s and a Sears.But in 2013, Carson's and Sears shut their doors at the mall near the Illinois-Indiana border. And the two remaining anchors—Macy’s and J.C. Penney—are facing strong headwinds. Both retailers have announced plans to close dozens of stores around the country in 2017.With Sears warning investors Tuesday of "substantial doubt" about its ability to stay in business, the once vibrant River Oaks provides a dour portrait of the tough road ahead for malls across the country in an increasingly disjointed retail landscape. As department stores lose out to online retailers, more malls may … [Read more...] about As Sears falters, shadow darkens over American malls
The Sears store in Green Tree Mall in Clarksville, Indiana, is set to close, according to the company's website. USA TODAY reported that 35 Kmart and eight Sears locations will close by early October, including the store in Clarksville. The closings reflect the continuing decline of long-time retail industry stalwarts such as Sears, whose outlets continue to suffer under the heavy competition from on-line retailers.The Green Tree Mall Sears store is one of three department stores anchoring the large shopping center at 747 Lewis & Clark Parkway on the north side of the Hoosier community. Green Tree Mall spokesperson Stacey Keating said she views the closure as an opportunity that will have a positive impact on the mall property. Keating said such closures allow the mall to take underperforming space and convert it into more productive retailing.In a statement, Sears CEO Eddie Lampert said that the closures are part of a strategy to … [Read more...] about Sears to close longtime store in Clarksville’s Green Tree Mall
And it if fades away, it will take Kmart, the big box rival it merged with in the 2000s, with it.Some of the company's woes mirror those of other old-school retailers who are struggling to keep pace in the digital age. But some of Sears' woes are self-inflicted. More on troubles at Sears and Kmart: Here are four things that are killing Sears and Kmart.Dwindling sales — Traditional retailers are losing shoppers who can buy goods ranging from shoes to soap by tapping their smart phones. But Sears is doing worse than many others. The sales dip at Sears stores was the worst among the top 250 retailers tracked by eMarketer as of November.Undone by the Internet — The ability to go to Sears and buy everything from a blouse to a blow torch under one roof once had great appeal. But no brick-and-mortar shop can offer more variety than the internet, making traditional department stores increasingly obsolete. And if you want to browse for an endless array of … [Read more...] about What’s killing Sears and Kmart?
After a disappointing holiday shopping season, the nation’s largest department stores and some of the shoppers who still depend on them are set for an unhappy new year.Macy’s, Kohl’s and other department stores are hurting as more people shop online, visit lower-priced stores or spend more of their money on smartphones and other gadgets. The future of department stores seems bleak as they close locations — and thus give shoppers less options at the mall and more reason to just stay home and shop online.“I don’t think there are any happy endings,” said Mark Cohen, a retail studies professor at New York’s Columbia Business School and a former Sears Canada CEO. MORE: Sports Authority closing all stores MORE: Why are so many supermarkets closing? Macy’s said it will close 63 of its 730 stores this year and expects to cut more than 10,000 jobs as it seeks to reduce costs, including stores in Moorestown, … [Read more...] about Macy’s, Sears, Kmart announce store closings
But Sears Holdings shareholders have cause for hope, for here to save the day and offer some free advice is an army of savvy consumers, shrewd bargain-hunters, and espousers of all that is rooted in good-old fashioned common sense. I speak not of myself but of a recent conversation I had at a small family reunion.In what amounted to a harmless, unscripted, and unexpected conversation about what Sears just doesn't get, multiple members of my family had some fantastic business insights for Eddie Lampert -- an obviously smart guy who was probably out of his depth when it came to operating a retailer.Here's what they had to say:The value of combining what is arguably America's most storied department-store brand with a tried-and-true, but struggling, discount retailer never quite made sense to many on Wall Street. My conversation drove home the fact that Main Street feels the same way.As I explained, the rationale for the Sears-Kmart combination was largely based on both companies' … [Read more...] about Advice for Sears and Kmart from Middle America
Sears, an iconic department store chain whose name is as steeped in Americana as apple pie and Levi's jeans warned that it might be going the way of the blue light special, uncertain that it can survive more than another year in the midst of the upheaval that has disrupted the retail industry.But despite the death watch that has taken root around a brand that was once a lifeline for the American shopper, Sears Holdings which also operates Kmart stores, still has cash to invest, assets to sell, and a plan to move forward that some experts say signals that its demise is not imminent.Investors were shocked on Tuesday when the company that operates Sears said in a filing with the Securities and Exchange Commission that it had "substantial doubt" about its ability to stay in business unless it can borrow more and tap cash from assets. Its stock plunged 12.3% to $7.98 by the time markets closed on Wednesday."Our historical operating results indicate … [Read more...] about Sears and Kmart might not have enough money to stock their shelves
Sears Holdings, which wasn't shy when it announced at the start of the year that it is closing 150 underperforming stores, has quietly added at least 30 more to the list.Another 12 Sears stores and 18 Kmarts are among the locations that are closing, from Carson, Calif., to Hialeah, Fla., with most scheduled to shut their doors in July, based on calls to the stores, malls and confirmation in local media.At the start of the year, the retailer pinpointed the 150 stores it said it would close. But it declined this week to provide a list of additional locations that are slated to shut since then, saying that it update store counts each quarter.A spokesman for the troubled chain has made no secret of its plans to close additional stores.Store closings: Macy's is closing these 68 stores Is your local Sears or Kmart among 150 stores to be axed? See the list What happens when Kmart and Macy's close?“At the beginning of the year we said we would continue to … [Read more...] about Sears is closing 30 more stores — is yours on the list?
The cost-cutting strategy continues at Sears with another 63 stores targeted for closure early next year.Emblematic of the struggle facing U.S. department stores, Sears Holdings has already closed more than 350 Sears and Kmart stores this year. An additional 45 Kmart stores and 18 Sears stores will be closing in late January 2018, the company said Thursday.“Sears Holdings continues its strategic assessment of the productivity of our Kmart and Sears store base and will continue to right size our store footprint in number and size," the company said in a statement. "In the process, as previously announced we will continue to close some unprofitable stores as we transform our business model so that our physical store footprint and our digital capabilities match the needs and preferences of our members." More: Is Sears circling the drain? Not yet, Wall Street says The 63 stores will remain open during the holiday season and employees at the closing stores will get … [Read more...] about Another 60-plus Sears, Kmart stores set to close in January 2018; see the list