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
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. — Kmart Pharmacy is making a pitch to seniors by spotlighting its status as a preferred pharmacy in a range of Medicare Part D plans. The Sears Holdings Corp. unit said many Medicare Part D members can now turn to Kmart Pharmacy as their 2017 preferred provider and get sizable savings, including
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
HOFFMAN ESTATES, Ill. — Too many people still don’t feel the need to get a flu shot, a new survey from Kmart Pharmacy finds. Of more than 10,000 U.S. adults polled online, 41% said they typically don’t get a flu shot — even though 94% agree some people are particularly vulnerable to getting the flu
HOFFMAN ESTATES, Ill. — Phil Keough has joined Sears Holdings Corp. as senior vice president and president of pharmacy. In the role, Keough will oversee Kmart Pharmacy and help drive member engagement for the Shop Your Way customer rewards program to drive in-store and online growth of the company’s health and wellness business. “The Kmart pharmacy
