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January 8, 2013

Hoffman Estates, Ill.-based Sears Holdings Corp. announced Monday that Louis J. D'Ambrosio will step down as CEO for family health matters at the end of the company's fiscal year on Feb. 2. Edward S. Lampert will then assume the role of CEO of Sears Holdings, in addition to his role as chairman of the board of directors. 

December 14, 2012

Hoffman Estates, Ill.-based Sears Holdings Corp. has added Paul G. DePodesta to its board of directors.

DePodesta is currently VP player development and amateur scouting for the New York Mets of Major League Baseball, but he is more famous as the young, forward-thinking, statistics-obsessed Oakland A's executive upon whom the Jonah Hill character was partially based in the recent movie "Moneyball."

November 21, 2012

Hoffman Estates, Ill.-based Sears said it launched post Superstorm Sandy programs to bring supplies and discounts on appliances to the New York area.

Additionally, Sears along with its partner, non-profit Rebuilding Together, has made a commitment to rebuild 100 homes in the storm-affected areas.

The announcement came after discussions between the retailer and New York Gov. Andrew Cuomo, who said: "I am challenging other retailers to please step-up and get involved."

November 16, 2012

Hoffman Estates, Ill.-based Sears Holdings Corp posted a third quarter net loss from continuing operations of $498 million, compared to a net loss of $410 million in the same quarter last year. 

Sears Domestic's comparable store sales declined 1.6% in the third quarter ended Oct. 27. Kmart's comparable store sales declined 4.8%, and Sears Canada's comparable store sales declined 5.7%. Revenues decreased $548 million to $8.9 billion for the quarter. 

August 16, 2012

Hoffman Estates, Ill.-based Sears Holdings reported a second-quarter net loss of $132 million, compared with a loss of $146 million in the year-ago period.

May 17, 2012

Hoffman Estates, Ill.-based Sears Holdings posted net income of $189 million in the quarter, compared with a loss of $165 million in the prior-year period.

After several rounds of closings of Kmart and Sears full-line stores in the past months, revenues decreased $270 million to $9.3 billion for the quarter ended April 28. Domestic comp-store sales declined 1.3% -- 1.0% at Sears Domestic and 1.6% at Kmart. Sears also saw declines in its home appliances and consumer electronics categories.

December 30, 2011

Hoffman Estates, Ill.-based Sears Holdings has identified 80 of the 100 to 120 stores it plans to close as part of a strategy it announced earlier this week.

The list of 80 stores-to-be-closed includes 39 Kmart stores, 25 Sears full-line stores, and 14 Grand/Essentials and two Sears Hardlines Only stores. The list can be seen here.

December 27, 2011

Hoffman Estates, Ill.-based Sears Holdings plans to close 100 to 120 Kmart and Sears full-line stores after reporting a disappointing recent performance. The Tuesday morning announcement -- contained in a press release titled "Sears Holdings Provides Update" --  reported a 5.2% comp-store sales decline for the quarter-to-date period, and a 2.6% decline in the year-to-date period, ended Dec. 25. 

August 9, 2011

Hoffman Estates, Ill.-based Sears Holdings Corp. is no longer considering Ohio for a possible headquarters move, according to a report from Crain's Chicago Business.

June 24, 2011

Hoffman Estates, Ill.-based Sears Holdings Corp. said it plans to spin off its interest in Orchard Supply Hardware Stores, an 89-store chain that operates in California.

Orchard Supply Hardware -- also known as OSH -- recently named Mark Baker, a former top merchant at The Home Depot, as its CEO. OSH is based in San Jose and posted $660.7 million in sales in 2010, with a profit of $8.7 million.

January 14, 2011

Hoffman Estates, Ill.-based Sears Holdings released its year-end outlook for the fiscal year 2010 ending Jan. 29.

For the full year, the company expects a net income of $210 million, with a fourth-quarter income expectation of between $370 million and $450 million, offsetting the company’s past two quarterly losses.

The company also posted up-to-date comparable-store sales for both its Sears Domestic and Kmart stores.

December 21, 2010

Hoffman Estates, Ill.-based Sears.com accounted for 6.21% of multichannel Web traffic for the week ended Nov. 27, which included Thanksgiving and Black Friday, according to data released from Experian Hitwise.

The data showed Sears.com received 21.1 million visits for the week, just under JCPenney at 21.5 million visits, or 6.34% of total Web traffic. Walmart topped the list at 25.88% of all Web traffic, or 88 million visits, with Target ranking second at 15.26%, or 51.8 million visits.

December 10, 2010

Hoffman Estates, Ill.-based Sears is placing all of its online tools on sale through a promotion called “Wow now!”

Customers received the news in their email inboxes Friday, as well as through Facebook, announcing an overstock on select tools with savings up to 75% off.

September 5, 2010

Hoffman Estates, Ill.-based retail giant Sears Holdings posted a net loss of $39 million in...

June 22, 2010

Hoffman Estates, Ill.-based Sears is offering military veterans a chance to own their own Sears Hometown Store through their Operation Stores and Stripes contest.

The contest, which is sponsored in part by Maytag Appliances, will supply the winner with their very own Sears Hometown Store location and license, merchandise, renovation, the first 90-days of the lease as well as 90 days of operating cash flow up to $130,000.

September 7, 2008

Hoffman Estates, Ill.-based Sears Holdings has named two key executives to head its home improvement...

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