Home Tags Kmart

Tag: Kmart

Sears stores are being replaced by Planet Fitness gyms, AMC Movie theaters, Mariano's food stores, and off-price chains like Burlington Coat Factory.

Eddie Lampert’s hedge fund lambasts Sears creditors for ‘highly aggressive’ plan to kill off the company once and for all

ESL Investments, the hedge fund led by Sears chairman Eddie Lampert, says creditors like Simon Property Group are trying to profit off Sears' demise.

Creditors urge Sears to shut down all its stores, calling its plan for survival ‘wishful thinking’

Sears' plan to stay in business is "an unjustified and foolhardy gamble with other people's money," according to the company's unsecured creditors.
Sears is closing 142 stores before the end of the year.

Sears is closing another 40 stores — here’s the complete list of locations

Sears is closing 29 Sears and 11 Kmart stores. The new list of closings will bring Sears' store count to around 500.
Major suppliers are demanding that Sears return their inventory.

Sears’ holiday sales are in peril as suppliers from GE Appliances to Serta Simmons demand they return millions of dollars of goods

GE Appliances, Whirlpool, Serta Simmons Bedding, and more than two dozen other suppliers are demanding that Sears return millions of dollars in goods.
Kmart manager Joshua Englert posted a heartbreaking tribute to his closing store after working for the company for 18 years.

Kmart manager’s emotional farewell speech foreshadows what could happen to 68,000 Sears employees if the company liquidates

Kmart manager Joshua Englert posted a heartbreaking tribute to his closing store after working for the discount retailer for 18 years.
Kmart didn't merge with Sears until 2005.

Kmart is closing dozens of stores as parent company Sears weathers Chapter 11 bankruptcy. Here’s how the discount chain fell from grace.

Dozens of Kmart stores will be closing after Sears Holdings filed for Chapter 11 bankruptcy protection last week. See how Kmart got to where it is now.
Parts of the floor were falling apart at Kmart.

We visited a Kmart store the day after Sears filed for bankruptcy, and it was a mess. Here’s what it was like shopping there.

Sears filed for Chapter 11 bankruptcy protection on Monday, announcing it would close 142 Sears and Kmart stores. We visited a Kmart the day after the company filed for bankruptcy, and it was not in good shape.
Steven Mnuchin is sworn in as Treasury Secretary for the Trump Administration in 2017.

Steven Mnuchin was on the board of Sears when Trump said it was ‘improperly run’

Steven Mnuchin, Secretary of the Treasury, was a member of the Sears board for the time President Donald Trump said it was 'improperly run.' Sears filed for Chapter 11 bankruptcy on Monday, prompting Trump to say 'Sears has been dying for many years.' Mnuchin was a board member from 2005 to 2016.
Sears CEO Eddie Lampert.

‘I’ve decided to step down as CEO’: Eddie Lampert sends email to Sears employees after the company files for bankruptcy

Eddie Lampert sent an email to Sears employees announcing the company's bankruptcy filing on Monday. He attributed the company's bankruptcy filing to "a difficult retail environment, unsatisfactory operating performance, and legacy liabilities impacted by historically low interest rates."