Sentences with phrase «sears roebuck»

Parent company Sears Roebuck has treated its northern outpost as a cash cow, stripping all the profits out of Canada — «and those stores have become really sad,» she says.

-- In January 2014, Sears Canada announced it was cutting 2,200 employees from its payroll.

So was Sears.

The numbers also suggest that Penney is not getting that much of a lift from the ongoing declines at Sears (shld), whose appliance business Penney has been eyeing for two years now.

Sears has since moved its headquarters an hour outside of Chicago to Hoffman Estates, Illinois, and the name of the tower has been changed to the Willis Tower.

Sears said the workload will be transferred to «external third - party providers whose business expertise includes updated systems and processes that can more efficiently perform the work involved.»

Sears could close its store at Tacoma Mall in Tacoma, Washington, as well.

«Instead, Sears can focus its investments on core retail priorities such as better product offerings, updated visual presentation standards, improvements to stores, e-commerce and marketing techniques.»

Walmart satisfied the needs of people Sears didn't.

Sears has expressed doubt about its future.

TORONTO — Sears Canada (TSX: SCC) is cutting 245 jobs, mostly at its head office in Toronto, and moving some of the work overseas.

The owner of the mall, Simon Property Group, recently revealed plans to demolish the Sears store and replace it with several buildings, including a movie theater.

With the recession in full swing, the partners took a hiatus, and Romanow snagged a job as director of strategy at Sears Canada.

«Ultimately, we still believe that Sears is a dying business.

In recent years, Sears has sold off the Lands» End (le) clothing brand, its stake in Sears Canada, and it also spun off some of its best locations into a real estate investment trust, helping to raise billions of dollars.

The results are catastrophic compared to those of rivals like Kohl's (kss), Target (tgt), J.C. Penney (jcp), and Macy's (m), each facing challenges but none in nearly as poor condition as the once iconic Sears.

Still, Sears has been on closing binge of its namesake and Kmart stores, announcing its latest round last week with 63 stores getting the axe, just one of several such announcements this year.

Sears Canada announced 700 layoffs last week following years of declining sales and increasing competition.

Sears Holdings has lost some $ 10 billion since 2010 and the company, created by a Sears - Kmart merger engineered by Lampert in 2005, has yet to report a year of comparable sales growth, despite hundreds of store closings.

Stocks fell 4.4 % at Kmart and 10 % at Sears.

The Craftsman sales comes only days after two other financing moves Lampert made to inject another $ 1 billion into his ongoing efforts to rebuild Sears, once the largest U.S. retailer.

(m) Not so, Ellison says, claiming that many Sears stores generate such low shopper traffic anyway.

That was on top of a $ 300 million secured letter of credit that Sears received from ESL affiliates last week too, and just the latest injection of financial help from Lampert to keep Sears afloat.

In addition to appliances such as refrigerators and washing machines, Penney last year added showrooms for and mattresses at some 500 stores in its efforts to become less reliant on apparel, bolster its home goods category, and frankly, to capitalize on the years - long sales decline at Sears, once the leading seller of appliances in the United States.

Just when you thought things couldn't get worse for Sears Holdings (shld), the owner of Sears and Kmart announced its deepest quarterly sales plunge in recent times and said it could sell off 140 stores.

J.C. Penney (jcp) CEO Marvin Ellison makes no bones about it: the retailer is going hard after fellow struggling department store chain Sears» (shld) appliance sales.

eBay (EBAY) said in a statement today that it will ban Confederate flag - themed items, immediately, following in the footsteps of Walmart, Sears and K - Mart.

«The retail environment remains challenging, with continued pressures on sales,» Sears said in a statement.

In the last two years, Sears has sold off dozens of its best stores, among other assets, to raise money while its business deteriorated.

Sears, Kmart, Macy's and other legacy retailers are closing stores in the hundreds, marking the continuing decline of old - school marketing.

«The launch of Kenmore products on Amazon.com will significantly expand the distribution and availability of the Kenmore brand in the U.S.,» Sears Holdings CEO Eddie Lampert said in a statement.

The company is talking to Sears about becoming its financing arm, he says, which would significantly increase its earnings.

He praised moves like Sears selling its Kenmore appliances on Amazon.com (amzn), but said such efforts were insufficient to move the needle.

The five top department - store operators whose branches anchor so many malls — Macy's m, Penney, Kohl's kss, Dillard's, and Sears Holdings shld — have together closed some 750 stores since 2013, or 20 % of their fleets, and analysts think the Honey, I Shrunk the Retailer trend will continue.

With Target gone, Sears Canada struggling, and a mid-market apparel chain going belly up every week, Walmart's expansion plans virtually assure that Canada's desolate retail landscape will soon be dominated by blue - vested Walmart greeters proffering smiles and deals on toilet paper.

Comparable sales fell 17 % at Sears and 13 % at Kmart, a striking result given that they exclude the dozens of weak stores the company has culled in the last year.

Be that as it may, it's not so challenging as to explain the massive sales drops at Sears.

Sears Holdings, which also operates Kmart, said on Thursday it was closing another 64 Kmart stores and 39 Sears stores, on top of many previous rounds of store shutterings in recent years.

Sears itself recently launched a smaller - format store dedicated just to appliances.

Sears» comparable sales declined 9.6 % in the third quarter, while Kmart's declined 7.5 %.

Sears could use the business: Sears namesake department stores saw comparable sales fall 12.4 % in the first quarter, despite closing dozens of weak stores in the last year.

Despite the potential risks of «sleeping with the enemy,» it's easy to see the appeal of the Amazon deal for Sears: the partnership marks «the broadest distribution of Kenmore,» Sears said, and comes at a time of abysmal financial results for Sears.

And the results did nothing to ease concerns about Sears» longer term viability, something the company acknowledged earlier this year in its 2016 annual report.

Sears looks doomed.

Last year, Sears announced it would start selling selling its line of Kenmore appliances on Amazon

Last May, Sears announced it was putting Craftsman, along with other iconic brands like Kenmore and DieHard, as well as its Sears Home Services repair business, up for sale, in an effort to sell off other attractive assets to maintain financial liquidity.

And while Sears Holdings CEO Eddie Lampert, a hedge fund manager who controls about half of its shares, has repeatedly said in recent years that he has been trying to transform the business into a retailer focused on members and less reliant on physical stores, the sales declines are only getting worse and suggest little customer attachment to the brand names.

Sears» department store peers are struggling, but posting far smaller declines.

Montgomery Ward in the mail - order field is non-Jewish while Sears, Roebuck has a Jewish history (Julius Rosenwald) but active management of Sears, Roebuck now is in the hands of General Robert Wood.

As for Sears, given how many shoppers it has lost in the last few years, it doesn't really have much choice but to make that bet.