Sears news and archive

Sears stores to be put up for sale

Sears is looking to sell as many as 50 properties to help generate cash flow and build up other properties and stores they own. Seritage Growth Properties, a real estate investment trust that was a product of the Sears bankruptcy, has plans to sell up to 50 sites that were described as “less interesting in terms of uses of our capital” by CEO...

Business

Sears prepares for liquidation

We could be saying goodbye to Sears sooner than we think. The company is preparing itself for liquidation after their chairman Eddie Lampert's bid to buy the stores out of bankruptcy fell shorts of bankers qualifications. The news was first reported by Bloomberg. Last Friday an emergency meeting was called by Sears representatives with...

Retail

Sears prepares for bankruptcy as stocks plummet

American department store chain Sears, called the “Amazon of the 1930s” by CNBC, is struggling to stay afloat in today’s retail landscape. The company’s stock dropped by 32 percent this week, now just worth 59 cents per share. Ten years ago, shares of Sears traded for up to 144 dollars. CNBC reported that Sears is now preparing to file for...

Business

Sears loss widens, but shares up 23 percent

Struggling retailer Sears Holdings Corp. Thursday reported a loss for the second quarter that widened from a year ago, however, the company reported an improvement in same-store sales. Shares were up 23 percent in after-hours trading. The company reported a second-quarter loss of 508 million dollars or $4.68 per share, wider than last year's...

Business|IN DEPTH Featured

A closer look at the fashion companies that made this year’s Fortune 500 list

Walmart has topped Fortune magazine’s list of the 500 most valuable companies in the US once more. 16 other fashion retailers have also made the list, but none of them are newcomers. FashionUnited takes a closer look at the most recent developments to stem from these companies. Walmart - 1 Several businesses are being removed from Walmart’s...

Apparel

Global apparel makers demand fire safety norms in Bangladeshi

After recent fire calamities in Bangladesh that claimed many lives and raised concerns over fire safety measures in garment factories, international garment brands have demanded quick safe actions to ensure the safety of Bangladeshi textile workers. Mohammad Shafiul Islam, President of the Bangladesh Garment Manufacturers and Exporters...