Sears and Kmart Expand In-store Pickup Across Brands
To consolidate its omnichannel offerings, Sears and Kmart customers do online order pickup at either store, regardless of which website is used.
Sears
Sears Holdings Takes Massive First-Quarter Loss
However, Sears Holdings announced online and multichannel sales grew 26% over the prior year first quarter;
Sears Holdings’ FY Revenues Down $1.7 Billion
Sears Holdings’ domestic comparable store sales declined 3.8%, comprised of decreases of 3.6% at Kmart and 4.1% at Sears Domestic in fiscal year 2013. Here’s a full look at Sears Holdings’ full-year financial results.
Sears May Spin Lands’ End Off
The company said that separating Lands’ End and Sears Auto Center would allow them to pursue their own strategic opportunities, optimize their capital structures, attract talent, and allocate capital in a more focused manner while bringing the business unit structure to life outside of the Sears Holdings portfolio.
Sears Reports $194 Million Loss 2nd Quarter
The Sears Holding Corporation, which operates Sears, Roebuck and Co., and Kmart, reported a 6% or $194 million loss in the second quarter. However, the online sales for both sears.com and kmart.com grew over 20%.