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1-10 results from 886 for query «sears»

December 18, 2018 11:29 PM Sears to take $443 million in charges arising from store closures

(Reuters) - Bankrupt U.S. retailer Sears Holdings Corp will take a charge of about $443 million arising from store closures, a regulatory filing showed on Tuesday. The company said some of the charges have already been incurred in the third quarter, while the remaining charges will be booked in the fourth quarter. Total costs related to closing 73 Sears 102

November 14, 2018 4:36 PM Exclusive: Sears finalizing $350 million bankruptcy loan with Great American

(Reuters) - Sears Holdings Corp (SHLDQ.PK) is finalizing a deal with financial firm Great American Capital Partners and other lenders for $350 million in critical bankruptcy financing that would keep the U.S. retailer open through the holidays, people familiar with the matter said on Wednesday. The deal would increase an existing financing package from banks 99

November 1, 2018 12:39 PM Sears to license out manufacturing of some Kenmore, DieHard products

(Reuters) - Sears Holdings Corp (SHLDQ.PK), which filed for Chapter 11 bankruptcy protection last month, said on Thursday it would license out the manufacturing of some its Kenmore and DieHard products to third parties. The company said the outsourcing of the manufacturing of products such as Kenmore water filtration appliances and DieHard electric vehicle 90

October 16, 2018 4:45 PM My Shameless Quest for A ‘Skinny Mirror’

Columnist Michelle Slatalla goes on the hunt for a mirror that makes her look significantly thinner, and is almost talked out of it FOR YEARS I’ve been searching for a so-called skinny mirror, a full-length mirror rumored to exist that makes any person who possesses it look significantly thinner. I first heard the legend of the skinny mirror from my mother 107

October 15, 2018 11:42 PM Sears, a Onetime Retail Giant, Now Banks on Bankruptcy

Edward Lampert steps down as CEO and is exploring potential bid for some stores Sears Holdings Corp. controlling shareholder Edward Lampert spent years keeping the retailer out of bankruptcy court. Now a $300 million lifeline and a speedy chapter 11 sale may be his best chance at keeping control of its remains. Early Monday, Sears filed for bankruptcy 72

October 14, 2018 3:12 AM Edward Lampert’s Non-Strategy to Save Sears

The hedge-fund veteran spent far less than his rivals on store remodels and expansion, and was reluctant to commit capital to fresh ventures. For many years, it was a favorite corporate guessing game: What is Edward Lampert’s ultimate plan to reinvigorate Sears? It’s time to consider the possibility that he really didn’t have one. A reading of Mr. Lampert’s 94

October 12, 2018 8:41 PM Sears, Lenders Nearing Deal to Keep Some Stores Open

Retailer is expected to file for bankruptcy and close at least 150 locations Sears Holdings Corp. is inching closer to a deal with lenders about a bankruptcy plan that would close at least 150 stores and provide a lifeline loan to keep a small footprint of around 300 locations open, according to people familiar with the matter. As part of the deal, the lenders 79

September 24, 2018 5:04 PM Sears CEO Pushes a Rescue Plan to Avoid Bankruptcy

With cash running low, Lampert wants creditors to refinance debts and Sears board to sell more assets Warning that Sears Holdings Corp. is running out of time and money, CEO Edward Lampert is making his biggest push yet to restructure the retailer to avoid a bankruptcy filing, as a debt payment looms next month. Mr. Lampert, who is also Sears’s chairman 79

September 13, 2018 10:25 PM Sears Reports Widening Losses and Tumbling Sales

CEO says the retailer will continue to close unprofitable stores with hopes to stabilize the store base Sears Holdings Corp. is limping into the critical holiday season, after the struggling company reported its quarterly sales fell 26% and it continues to close dozens of stores. Total revenue plunged by more than $1 billion to $3.18 billion for the three 55

August 29, 2018 7:13 AM Sears Expands Amazon Tire Program

Ship-to-store program is now available nationwide Sears Holdings Corp. expanded its program to install and balance tires for customers who buy tires on Inc.’s sites. The ship-to-store program, which began in May at 47 Sears Auto Center locations in eight metropolitan areas, is now available nationwide, including Alaska and Hawaii. Sears said the response 69