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Sears Holdings

Sears will close 63 more stores

HOFFMAN ESTATES, Ill. — Sears Holdings Corp. has identified 100 unprofitable stores and will shutter 63 of them in early September. Liquidation sales at 48 Sears outlets and 15 Kmarts will begin as early as June 14. The company announced the closings while reporting its first quarter results, which included a drop of more than

Sears Holdings boosts financing

HOFFMAN ESTATES, Ill. — Sears Holdings Corp. has raised $100 million in new financing and is pursuing an additional $200 million. The company also amended existing notes to increase its borrowing base advance rate for inventory and defer its collateral coverage test and restart it with the second quarter of 2018. Sears Holdings furthermore is

Sears to sell Kenmore brand on Amazon

Sears to sell Kenmore brand on Amazon

HOFFMAN ESTATES, Ill. ­— Sears Holdings struck a deal on Thursday to sell its Kenmore-branded appliances on Amazon.com. Sears also said its Kenmore Smart appliances will be integrated with Amazon’s Alexa platform. Shares of Sears’ stock were climbing more than 25% at one point in trading before the market’s open following this news. “The launch

Kmart needs more than a new format

Kmart needs more than a new format

The Kmart division of Sears Holdings recently garnered some favorable notice for the overhaul of its discount store in Des Plaines, Ill., not far from the parent company’s headquarters in Hoffman Estates. By all accounts, the outlet represents a significant step up for Kmart customers, who during the course of the chain’s long, slow decline