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Kmart is owned by Sears Holdings, one of the 15 retailers named by S&P Global Market Intelligence as most likely to go bankrupt in 2018. 166 Kmart and Sears stores are expected to close by the end of April, in addition to the nearly 400 that closed in 2017. We visited a Kmart store in New […]
Sears’ sales are down 45% since early 2013, its debt load has spiked to over $ 4 billion, and the company is losing well over $ 1 billion annually. To meet its obligations, Sears has been selling off valuable brands and properties. Now its pool of assets is dwindling, increasing the risk of a bankruptcy, […]
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% […]
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Sears Holdings, the corporation that owns retail giants Sears and Kmart, says it has decided to stop selling 31 items from the Trump Home products line on its website due to poor sales. READ MORE: US retailer Nordstrom drops Ivanka Trump’s ‘toxic’ brand Read more The Trump Home collection, owned by the Trump Organization, includes furniture, […]
