As we relive American retailing history, which we occasionally do, we’re reminded that Kmart, once the largest general merchandise retailer in the United States, has dwindled a bit in size. The current store count for the former Troy, Mich., dynamo is … five. Five? That’s correct. In mid-January, Kmart’s holding company announced that it plans
HOFFMAN ESTATES, Ill. — Kmart pharmacies are now providing no cost (with most insurance) flu shots in a safe environment, and additional Shop Your Way member benefits to those who participate. To ensure patient safety, Kmart pharmacists are following all CDC guidelines for immunizing during a pandemic. “The single best way to prevent the flu
HOFFMAN ESTATES, Ill. — With colder temperatures making their return across the country and flu season underway, health officials recommend that everyone six months of age and older receive a flu shot. Joining the push for early vaccinations is Kmart Pharmacy, which offers flu shots, including the Fluzone High-Dose influenza vaccine. Kmart Pharmacy also offers
WHITE PLAINS, N.Y. — This past week a federal judge approved a last-minute deal to save Sears Holdings in much smaller form, giving the retailer a second chance. Judge Robert Drain okayed a deal to sell the major remaining assets of Sears to its chairman, largest shareholder and former chief executive office Eddie Lampert’s hedge
CHICAGO — Sears Holdings Corp. chairman Eddie Lampert won out in a bankruptcy auction for the U.S. department store operator with an improved takeover bid of roughly $5.2 billion, allowing the 126-year-old retailer to keep its doors open, The Wall Street Journal and other published sources reported Wednesday. Lampert’s bid, upped from an earlier $5
CHICAGO – Sears chairman Eddie Lampert has submitted a revised bid in a last-ditch attempt to save the retailer from liquidation. The new bid, $5 billion for the retailer through his hedge fund ESL Investments, is adding about $600 million to a prior bid that should help ESL clear bars to a buyout set by
CHICAGO — Sears, which owns Kmart alongside its flagship retail brand, announced this week that 40 more Kmart and Sears stores will close in the near future. The iconic retailer, which filed for Chapter 11 bankruptcy protection last month, said that it will close another 40 Sears and Kmart stores in February, in addition to
HOFFMAN ESTATES, Ill. — Sears Holdings Corp., the corporate parent of two storied firms that once ranked as the nation’s two largest retailers, announced Monday morning that it had filed for Chapter 11 bankruptcy. The company’s reorganization plan calls for the closure of 142 additional Sears and Kmart stores, in addition to the previously announced
HOFFMAN ESTATES, Ill. — Kmart Pharmacy announced today that naloxone, the opioid overdose-reversal medication, is now available without an individual prescription at Kmart Pharmacy locations nationwide. Kmart pharmacists can now dispense naloxone to patients without an individual prescription in states where it is permitted by law. “We agree with the U.S. Surgeon General’s call to
HOFFMAN ESTATES, Ill. — Kmart Pharmacy is tackling the cost issue with epinephrine auto-injectors for anaphylaxis by knocking down the price of a generic version. Kmart said Tuesday that in response to the sharp hikes in price of epinephrine auto-injector pens, it has lowered the cost of the generic version of Adrenaclick to as low
HOFFMAN ESTATES, Ill. — Sears Holdings Corp. has announced plans to close 150 nonprofitable Kmart and Sears stores and sell its Craftsman tools brand. The moves are part of a strategic plan to stem losses and strengthen the struggling retailer’s financial prospects. The company has also arranged new financing, in the form of a new $500
HOFFMAN ESTATES, Ill. — Sears Holdings Corp. has announced another round of Sears and Kmart stores to be shut in the coming months. Employees have been notified that more than 30 Sears and Kmart locations will be closed in the early part of 2017. Florida, with seven Kmart stores slated for closing, and Kentucky, with
Kmart reportedly plans to close 64 more stores by later this year. Published reports said the stores slated to be shut are in 28 states and that parent company Sears Holdings Corp. had recently informed Kmart employees of the planned closures. Sears Holdings had not announced the store closings, which reports said are expected to
HOFFMAN ESTATES, Ill. — A round of store closings announced by struggling Sears Holdings Corp. will include 68 Kmart locations. Sears Holdings said late Thursday that it plans to shut 78 stores in 27 states, including 10 Sears stores. All of the Sears stores and virtually all of the Kmart stores will close in late
