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Sears filed for Chapter 11 bankruptcy protection Monday, buckling under its massive debt load and staggering losses.
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Read More »5 more Md. stores closing after Sears files Chapter 11 bankruptcy
No Md. stores among 72 to be shut by Sears
(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 ...
Read More »Sears signs new lease at Westfield Montgomery to remain open
New lease avoids store's closure and a loss of 73 jobs.
Tagged with: bethesda Montgomery County sears Westfield Montgomery Mall
Read More »Sears keeps losing, though not as much as year before
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.
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Read More »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 ...
Tagged with: Business land's end Retail sears
Read More »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 ...
Tagged with: Baltimore County deal sears
Read More »Toys R Us waives fee for layaway program
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
Read More »Sears spinning off some stores into separate company
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
Read More »Sears Holdings returns to a profit in 1st quarter
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
Read More »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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