Sears to Cut 400 Jobs

| MCM Staff

Sears Holdings Inc. announced it would cut 400 jobs in its corporate offices. See what Sears Holdings Inc. executives had to say about the plan.

Sears Holdings Sells Craftsman to Stanley Black & Decker

| Mike O'Brien

Ending years of speculation, Sears Holdings will sell its popular Craftsman brand to Stanley Black & Decker for an estimated $900 million. It is also closing 108 Kmart and 42 Sears locations, while getting $150 million in loan guarantees from its CEO. So what’s in store for its other popular brand – Kenmore appliances – as the retail business continues to decline rapidly?

Sears Launches Pilot Appliance Store in Colorado

| Mike O'Brien

Looking to play to a core category strength, Sears Holdings announced plans to open a pilot standalone appliance store in Fort Collins, CO on May 19. If the concept is a success, it would quickly be rolled out in other markets.