One of Sears’ crucial 100-year supplier relationships has died as sales plummet (SHLD)

Whirlpool Sears is no longer selling Whirlpool products, including the Maytag, KitchenAid, and Jenn-Air brands.  The retailer sold its first washing machine from the company that would become Whirlpool in 1916.  Sears’ sales have plummeted in recent years, with suppliers expressing concerns regarding bankruptcy.    Sears’ 100-plus-year history of selling Whirlpool appliances — from washing machines to […]

Online holiday shopping is poised to beat in-store sales for the first time ever — and it’s terrible news for retailers like Sears and Macy’s

Gunnar Rathbun/AP People say they plan to spend more money online than in stores this holiday shopping season.  This is the first year in Deloitte’s annual survey that shoppers have predicted their online purchases will exceed what they buy in-store. While some retailers are thriving with the rise of e-commerce, traditional brick-and-mortar retailers like Macy’s […]

Sears Was the Amazon of Its Time—Until It Made These Big Mistakes

Shortly after the turn of century, America’s largest virtual retailer, famously founded to sell one product, made an extraordinary shift. After years of only mailing goods to home shoppers, it started operating dozens of physical stores throughout the country. A model of operational efficiency, the company was light-years ahead of its peers in both technology […]

The History of Sears Predicts Nearly Everything Amazon Is Doing

Amazon comes to conquer brick-and-mortar retail, not to bury it. In the last two years, the company has opened 11 physical bookstores. This summer, it bought Whole Foods and its 400 grocery locations. And last week, the company announced a partnership with Kohl’s to allow returns at the physical retailer’s stores. Why is Amazon looking […]

Sears is closing 28 more Kmart stores (SHLD)

Reuters Sears said Thursday that it was closing another 28 Kmart stores in addition to 180 previously announced closures this year.  The retailer announced this with its earnings statement that showed a quarterly loss, as the number of people visiting its stores continued to fall. Sales at stores open for at least a year fell 11.5% […]

Is Amazon eyeing Sears to bolster its smart home strategy?

GUEST: In June, Amazon announced it would acquire Whole Foods in a $ 13.7 billion transaction. In an instant, rival grocers Kroger, Walmart and Target saw their market values drop an aggregate $ 22 billion. Now this week, Amazon announced a partnership with Sears to sell Kenmore’s appliances on Amazon.com. In similar fashion, shares of […]

Sears will sell appliances on Amazon as its retail stores dwindle

Sears announced today that its Kenmore branded products will now be sold on Amazon, meaning it’s now joining forces with the company that contributed to its downfall. It’s no secret that Sears has been struggling — the company has lost around $ 10 billion in the last few years and has closed over 200 Sears […]

Sears says it’s turning business around — but its stores tell a different story (SHLD)

Business Insider/Hayley Peterson Sears says it’s in the process of a transformation that will lead the company back to profitability after years of declining sales.  But conditions inside some of Sears’ stores tell a different story. Several employees have told Business Insider that they are seeing signs of decay in their stores, which have included a […]

Sears is in ‘free-fall’ and its rate of decline is ‘very concerning’ (SHLD)

EDC Sears’ shares enjoyed a strong surge this week, soaring as much as 20% on Thursday after the company reported its first net profit in two years.  But traders’ cheer quickly wore off and shares dipped again, as the grim reality behind the initially rosy headlines set in: Sears’ operational decline is in fact accelerating, […]

Sears turns a quarterly profit for the first time in almost 2 years (SHLD)

Reuters (Reuters) – Sears Holdings Corp reported its first quarterly profit in nearly two years, helped by the retailer’s $ 1.25 billion cost-cutting plan amid doubts about its ability to continue as a going concern. The company’s shares were up 6.6 percent in light premarket trading on Thursday. However, sales continued its years-long decline, hurt […]