Sears

Sears To Close Stores Even If It Survives Bankruptcy

Beaumont, TX (KBMT) - Even if Sears survives its bankruptcy proceedings this month, the retailer will continue to close down stores. A new business plan shows the company anticipates closing 36-more of its K-Mart stores by the end of…

Sears/Kmart to Close 40 More Stores

(CNN) - The problems continue to mount for troubled retailers Sears and K-Mart. Sears holdings announced Thursday that 11 K-Marts and 29 Sears locations will shut their doors in February. That's in addition to the nearly 200 locations the…

Sears Declares Bankruptcy

(CNN) - Sears is sinking. The previously dominant retail chain is filing for bankruptcy. The company, which has been around for 132-years, has had financial issues over the past few years and has major debts. Sears was unable to…

Sears May Be on the Brink of Bankruptcy

(CNN) - Sears, which was at one point America's largest retailer and its largest employer appears to be nearing bankruptcy. One of Sears' major shareholders just dumped a chunk of his stock for pennies on his original investment. The…

Sears Stock Drops Below $1

(CNN) - Sears suffered another blow Friday, when the company's stock fell below one dollar for the first time ever. The retail giant's share price dropped as much as 15% to 85 cents in midday trading. With prices that…

Sears Closing 72 More Stores

(CNN) -More Sears stores will be closing their doors soon, as sales plunge and losses mount. On Thursday the company will announce at least 72 Sears and Kmart "non-profitable" stores set for closure "in the near future." Sears and…

Sears Selling Some of Its Stores Online

(CNN) - Sears is looking to cash in on what is perhaps it's most valuable asset: Real estate. The troubled retailer is partnering with online auction platform "real insight marketplace" to sell sixteen profitable store locations. Sears has faced sagging…

Best Buy: We Were Hit By Sears, Delta Data Breach

(CNN) - Retailer 'Best Buy' said Friday that some of its customers' credit card information may have been impacted by a data breach. This is the same breach that sears and delta air lines have already reported to be victim…

Sears CEO Gets Raise As Retailer Struggles

(CNN) - Despite its struggles, the CEO of Sears got a raise last year. A company filing on Thursday shows Eddie Lampert's stock bonus for 2017 increased by $850,000, giving him a 24% raise. The stock bonus he received came…

Sears Lays off 220 Corporate Employees

(CNN) - Dozens of Sears employees are now out of a job. The retailer announced Wednesday it's laying off 220 people from its corporate offices effective immediately. Most of these employees worked at Sears' headquarters in Illinois. The company has…