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Sears Archives

Retail news from around the globe

Apple closes US stores again / Sears to sell more assets / Steinhoff facing $14.6bn in legal claims; and more.

Sears to open new stores centred on its Kenmore brand

Embattled US department-store icon to open three new-format stores.

Sears avoids bankruptcy as court approves Lampert’s bid

US bankruptcy court judge approves department store chair's offer.

2019: The year of the disappearing customer

Retailers to undergo some restructuring as they attempt to figure out why the strategies that used to bring in sales jus...

Sears saved by chairman with US$5.2 billion bid

Eddie Lampert's last-minute bid to save 45,000 jobs.

Whole Foods eyes old Sears sites for expansion

Amazon's Whole Foods unit eyes old Sears, Kmart sites for expansion.

Lampert makes last-minute bid to save Sears

Chairman's revised offers considered best path forward.

Lampert’s bid to purchase Sears reportedly fails

The bid failed to cover fees and vendor payments, according to sources close to the process.

Sears acquisition offers running out of time

Lampert's final efforts to save the retailer is set to terminate on Friday afternoon.

Sears to close further 80 stores by March

Liquidation sales are expected to begin in early January.

Sears hit with $623 million charge due to store closures

The charges relate to markdowns, severance costs and lease termination costs.

Retail news from around the globe

Struggling Sears seeks to buy time; Marks & Spencer tops anti-slavery list; Target ups ante in shipping wars, and more.

Myer board to face Lew’s wrath

The department store’s largest shareholder laid siege to the board and is urging shareholders to vote out the directors.

Sears files for bankruptcy amid struggling sales

The long struggling retailer files for Chapter 11 bankruptcy.

Sears prepares to file for bankruptcy

Troubled US retail chain prepares to file for bankruptcy.

The secret to a retail slimdown

In the US, Kohl’s department store experiments shrinking its floorspace, rather than closing stores down.

‘Right sizing’ claims another 103 stores

Consolidation continues to retail giant.

‘Bad numbers’ keep on coming for Sears

US chain makes it seventh straight year posting declines.

Shrinking Sears to shutter another 63 stores

American department store battles to continue trading.

Sears results reflect ‘long painful slide into oblivion’

Latest Sears quarterly results show ongoing slide of same-store sales.