New lease avoids store's closure and a loss of 73 jobs.

Tagged with: bethesda Montgomery County sears Westfield Montgomery Mall

Sears Holdings Corp. reported a hefty loss in the fourth-quarter on a 14 percent sales drop, as the beleaguered retailer continues to struggle to bring shoppers into its stores.

Tagged with: breaking news business news sears

HOFFMAN ESTATES, Ill. — Sears Holdings Corp. said Friday that it will spin off its Lands’ End clothing business as a separate company by distributing stock to the retailer’s shareholders. It’s the latest move by the struggling retailer to turn ...

Tagged with: Business land's end Retail sears

The owners of Sparks-based Apex Tool Group, a hand and power tools manufacturer that makes tools for Sears, among others, will sell the company to Bain Capital Partners, a Boston-based global private investment firm. Bain has agreed to pay approximately ...

Tagged with: Baltimore County deal sears

WAYNE, N.J. — Toys R Us is making it easier for shoppers to use its layaway program ahead of the crucial holiday season, waiving its service fee and minimum purchase requirement beginning Tuesday. As brick-and-mortar stores face increasingly tough competition ...

Tagged with: customers holiday season Retail retailers sears toys r us Wal-mart

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, ...

Tagged with: company kmart Retail sears securities and exchange commission

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 ...

Tagged with: Capital earnings kmart land's end revenue sears wall street

HOFFMAN ESTATES, Ill. — Sears executives tried Wednesday to ease concerns about the troubled retailer’s long-term outlook amid ever-sinking sales, emphasizing the company’s financial strength, increased liquidity and prospects to boost operational results. Chairman Edward Lampert told shareholders at Sears ...

Tagged with: annual meeting general growth properties land's end Real Estate Retail sears shareholders shoppers

SEATTLE — When Justin Bassett interviewed for a new job, he expected the usual questions about experience and references. So he was astonished when the interviewer asked for something else: his Facebook username and password. Bassett, a New York City ...

Tagged with: email employee employer facebook interview job job market privacy sears social network twitter

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 ...

Tagged with: earnings kmart land's end revenue sears stores Wal-mart