http://thedailyrecord.com Maryland's trusted source for business and legal news Fri, 24 May 2013 21:04:36 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://thedailyrecord.com/2012/08/13/sears-spinning-off-some-stores-into-separate-company/ http://thedailyrecord.com/2012/08/13/sears-spinning-off-some-stores-into-separate-company/#comments Mon, 13 Aug 2012 18:14:57 +0000 Associated Press http://thedailyrecord.com/?p=221382 NEW YORK — Sears is moving forward with plans to spin off its Hometown and Outlet stores as well as some hardware stores into a separate publicly traded company. The news sent the company’s stock up $2.16, or 4.2 percent, to $53.58 in afternoon trading Monday. Sears had signaled that it would split the companies [...]

]]> http://thedailyrecord.com/2012/08/13/sears-spinning-off-some-stores-into-separate-company/feed/ 0 http://thedailyrecord.com/2012/05/17/sears-holdings-returns-to-a-profit-in-1st-quarter/ http://thedailyrecord.com/2012/05/17/sears-holdings-returns-to-a-profit-in-1st-quarter/#comments Thu, 17 May 2012 12:15:13 +0000 Associated Press http://thedailyrecord.com/?p=215559 HOFFMAN ESTATES, Ill. — Sears Holdings Corp. returned to a first-quarter profit, benefiting from a gain on the sale of some stores. The Hoffman Estates, Ill., company, which runs Sears, Kmart and Lands’ End, also said Thursday that it plans to spin off a minority stake in Sears Canada Inc. Sears earned $189 million, or [...]

]]> http://thedailyrecord.com/2012/05/17/sears-holdings-returns-to-a-profit-in-1st-quarter/feed/ 0 http://thedailyrecord.com/2012/02/23/sears-shedding-some-stores-reports-4q-loss/ http://thedailyrecord.com/2012/02/23/sears-shedding-some-stores-reports-4q-loss/#comments Thu, 23 Feb 2012 16:26:23 +0000 Associated Press http://thedailyrecord.com/2012/02/23/sears-shedding-some-stores-reports-4q-loss/ NEW YORK — Sears Holdings Corp. is looking toward its substantial real estate portfolio to offset its weak financial performance. The operator of Kmart, Sears and Land’s End said Thursday it will spin off some stores and sell others as it seeks to regain profitability and market share. The chain, led by billionaire Eddie Lampert, [...]

]]> http://thedailyrecord.com/2012/02/23/sears-shedding-some-stores-reports-4q-loss/feed/ 0 http://thedailyrecord.com/2012/01/20/3-in-frederick-accused-of-counterfeiting/ http://thedailyrecord.com/2012/01/20/3-in-frederick-accused-of-counterfeiting/#comments Fri, 20 Jan 2012 13:45:15 +0000 Associated Press http://thedailyrecord.com/2012/01/20/3-in-frederick-accused-of-counterfeiting/ FREDERICK — Three people in Frederick have been accused of using counterfeit case to buy goods at local stores. The Frederick News-Post reports that the trio was using counterfeit bills to purchase items at Walmart and Kmart stores, then returning the items a short time later to collect real cash. Karena Elizabeth Snowden, Christina Marie [...]

]]> http://thedailyrecord.com/2012/01/20/3-in-frederick-accused-of-counterfeiting/feed/ 0 http://thedailyrecord.com/2011/12/27/sears-to-close-100-to-120-kmart-sears-stores/ http://thedailyrecord.com/2011/12/27/sears-to-close-100-to-120-kmart-sears-stores/#comments Tue, 27 Dec 2011 11:48:33 +0000 Associated Press http://thedailyrecord.com/2011/12/27/sears-to-close-100-to-120-kmart-sears-stores/ After a disastrous holiday shopping season, the parent company of Sears and Kmart will close at least 100 stores to raise cash — a move that sparked speculation about whether the 125-year-old retailer can avoid a death spiral fed by declining sales and deteriorating stores. Sears Holdings Corp., a pillar of American retailing that famously [...]

]]> http://thedailyrecord.com/2011/12/27/sears-to-close-100-to-120-kmart-sears-stores/feed/ 0 http://thedailyrecord.com/2011/10/31/macys-to-open-at-midnight-thanksgiving-day/ http://thedailyrecord.com/2011/10/31/macys-to-open-at-midnight-thanksgiving-day/#comments Mon, 31 Oct 2011 14:48:37 +0000 Associated Press http://thedailyrecord.com/2011/10/31/macys-to-open-at-midnight-thanksgiving-day/ NEW YORK — Macy’s Inc. says it will open all of its namesake stores at midnight following Thanksgiving for the first time, becoming the latest retailer to extend hours on the traditional kickoff to the holiday season. The opening is four hours earlier than last year. The Macy’s stores, which number more than 800, will [...]

]]> http://thedailyrecord.com/2011/10/31/macys-to-open-at-midnight-thanksgiving-day/feed/ 0 http://thedailyrecord.com/2011/10/28/target-announces-midnight-opening-for-black-friday/ http://thedailyrecord.com/2011/10/28/target-announces-midnight-opening-for-black-friday/#comments Fri, 28 Oct 2011 19:14:42 +0000 Associated Press http://thedailyrecord.com/2011/10/28/target-announces-midnight-opening-for-black-friday/ NEW YORK — As the run-up to holiday shopping intensifies, Target Corp. is saying its stores will open at midnight on Thanksgiving Day for the first time this year. That’s four hours earlier than last year. The stores will stay open for 23 hours and close at 11 p.m. Friday, November 25. Target spokeswoman Susan [...]

]]> http://thedailyrecord.com/2011/10/28/target-announces-midnight-opening-for-black-friday/feed/ 0 http://thedailyrecord.com/2010/11/10/former-kmart-ceo-to-settle-sec-case-for-55m/ http://thedailyrecord.com/2010/11/10/former-kmart-ceo-to-settle-sec-case-for-55m/#comments Wed, 10 Nov 2010 20:40:18 +0000 Associated Press http://thedailyrecord.com/?p=186555 DETROIT — The former chief executive of Kmart will drop his appeal of a $10 million-plus penalty and pay $5.5 million to settle years of litigation over the retailer’s fragile health before it filed for bankruptcy in 2002, court documents show. A jury found Charles Conaway liable last year for misleading the company’s investors, and [...]

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