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Tag Archives: sears

No Md. stores among 72 to be shut by Sears

The Sears store at East Point Mall in Baltimore. (File photo)

(THIS STORY HAS BEEN UPDATED) No Maryland stores are listed among the 72 to be closed by Sears, the latest move by the beleaguered retailer struggling to right itself. The retailer said that it has identified about 100 Sears and ...

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Sears to put Lands’ End into separate company

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 ...

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Bain Capital to acquire Apex Tool Group

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 ...

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Sears execs say retailer financially strong

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 ...

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