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Kmart

With deal approved Sears, Kmart stores to remain open

With deal approved Sears, Kmart stores to remain open

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

Lampert wins bid to keep Sears open for now

Lampert wins bid to keep Sears open for now

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

Sears files for Chapter 11 bankruptcy

Sears files for Chapter 11 bankruptcy

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

Kmart now dispensing naloxone nationwide without RX

Kmart now dispensing naloxone nationwide without RX

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

Kmart Pharmacy serves up low-cost EpiPen generic

Kmart Pharmacy serves up low-cost EpiPen generic

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

Sears Holdings takes action to stabilize financial footing

Sears Holdings takes action to stabilize financial footing

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

Reports: More Kmart stores set to close

Reports: More Kmart stores set to close

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

Pharmacy Savings Plus is rolled out by Kmart

HOFFMAN ESTATES, Ill. — Kmart has introduced Pharmacy Savings Plus, a program designed to help shoppers who are uninsured or underinsured as well as those who pay cash for some or all of their prescriptions to save on medications and other pharmacy products and services. The company, a subsidiary of Sears Holdings Corp., says that

Kmart launches prescription discount program

Kmart launches prescription discount program

HOFFMAN ESTATES, Ill. — A new program from Kmart aims to make it easier for uninsured or underinsured consumers to afford certain prescription drugs and other pharmacy products and services. The discount store chain on Wednesday launched Kmart Pharmacy Savings Plus, in which 10 commonly prescribed generic drugs are available at $3 each. To get

Industry mourns passing of FMI’s Cathy Polley

Industry mourns passing of FMI’s Cathy Polley

ARLINGTON, Va. — Cathy Polley, vice president of health and wellness at the Food Marketing Institute and executive director of the FMI Foundation, died earlier this week after a long battle with cancer. A registered pharmacist, Polley during the course of her career emerged as a leading advocate for the profession. In overseeing FMI’s health