It's official. Sears Holdings has filed for Chapter 11 bankruptcy. In a statement Monday morning, the company also said that CEO Eddie Lampert would step down, effective immediately.
At a time when its stock price is now down under $1, Sears is set to introduce a new store concept in the suburbs of Chicago that it hopes can help jumpstart a turnaround.
Sears CEO Eddie Lampert recently pointed to the company's expensive pension program as the crux of its financial problems. He's not wrong, but he's also not telling the full story.
After a soft launch earlier this year, Sears and Amazon will complete a nationwide roll out of their tire installation program.
Today in CE: Intel and AMD team up on gaming chip for laptops, Apple iPhone X had a tremendous opening weekend, and more.
The Nationwide Marketing Group is offering up “Prepare for Share,” a seminal multi-pronged plan of action designed to help its independent CE and appliance dealer membership raise their brand profiles by more effectively capitalizing on market opportunities – such as the continued decline of Sears – now existing in the changing retail landscape.Besides being provided…
Nationwide Marketing Group has opened registration for its PrimeTime event in March. And the event has an unusual focus- helping customers take advantage from the rapid decline of Sears.