Sears Canada

Sears Announces Grand Openings Of Three New "Home & Life" Stores Scheduled For Memorial Day Weekend

Retrieved on: 
Thursday, April 4, 2019
Sears Holdings, Retailing, Hoffman Estates, Illinois, Companies, Trade, Sears Canada, Sears, Kmart

Today, as part of a new era, Sears announced plans to open three new Home & Life stores in May.

Key Points: 
  • Today, as part of a new era, Sears announced plans to open three new Home & Life stores in May.
  • Located in Anchorage, Alaska; Lafayette, Louisiana and Overland Park, Kansas, the new Home & Life stores will offer appliances, mattresses*, home servicesand connected home products.
  • The stores were developed based on insights from Sears Appliances & Mattresses stores that opened in 2017 in Ft. Collins, Colorado; Pharr, Texas; Honolulu, Hawaii and Camp Hill, Pennsylvania.
  • Sears is part of Shop Your Way , a social shopping program where members can earn points and receive benefits both in stores and online.

Global Denim Jeans Report 2019: Market Analysis, Trends, and Forecasts 2016-2024 - Denim Consumption Largely Dependent on Street Fashions and Celebrity Styles - ResearchAndMarkets.com

Retrieved on: 
Tuesday, April 2, 2019
Manufacturing, Textiles, Retail, Fashion, Clothing, Fashion, Culture, Cotton, Denim, Jeans, Diesel, Sears Canada

Samuel Ku Launches New Denim Line, Cqy

Key Points: 
  • Samuel Ku Launches New Denim Line, Cqy
    LiCC Jeaneration Introduces Waterproof Jeans, LiCC Libert
    Sears Launches its Popular Roebuck & Co. Denim Lines for Boys and Girls
    Diesel Launches First Denim Garment Made with Lightest Microfiber, Dryarn
    Hudson Jeans Partners with Fashion Data Company, Fitcode

Time is Running Out for Thousands of Sears Canada Employees Entitled to Federal Wage Earner Protection Program Money

Retrieved on: 
Thursday, February 28, 2019
Sears Holdings, Companies, Retailing, Bankruptcy, Business law, Hoffman Estates, Illinois, Sears Canada, Sears, Liquidation, Wage Earner Protection Program Act

TORONTO, Feb. 28, 2019 /CNW/ -"Thousands of Sears Canada employees who are entitled to federal Wage Earner Protection Program payments of up to $7,148 have yet to apply.

Key Points: 
  • TORONTO, Feb. 28, 2019 /CNW/ -"Thousands of Sears Canada employees who are entitled to federal Wage Earner Protection Program payments of up to $7,148 have yet to apply.
  • Over 18,000 Sears Canada employees lost their employment in 2017 when Sears Canada stores and other locations across Canada were closed pursuant to liquidation proceedings for the insolvent company.
  • But over 15,000 of those employees are entitled to Wage Earner Protection Program payments under the federal statute.
  • As a result, eligible former Sears Canada employees became entitled to receive a payment under the Wage Earner Protection Program ("WEPP").

Sears And Kmart Announce Incredible Cyber Week Deals

Retrieved on: 
Wednesday, November 21, 2018
Sears Holdings, Cook County, Illinois, Chicago metropolitan area, Software, Sears Canada, Kmart, Sears, Hashtag, Instagram, Book:Sears Holdings Corporation, Sears Wish Book

Join Sears and Kmart on social media to hear more about the latest news "Like" Sears on Facebook , and "follow" Sears on Twitter and Instagram .

Key Points: 
  • Join Sears and Kmart on social media to hear more about the latest news "Like" Sears on Facebook , and "follow" Sears on Twitter and Instagram .
  • Members are encouraged to engage with Sears and Kmart on social media by posting comments on their respective brand social channels with the hashtags #iHeartSears and #iHeartKmart.
  • For more information, visit the Sears, Roebuck website at www.sears.com or the Sears Holdings Corporation website at www.searsholdings.com .
  • For more information visit the company's website at www.kmart.com | Sears Holdings Corporation website at www.searsholdings.com | Facebook: www.facebook.com/kmart .

Sears and Kmart Team Up with Toys for Tots to Share the Magic of the Holidays

Retrieved on: 
Thursday, November 8, 2018
Sears Holdings, Cook County, Illinois, Hoffman Estates, Illinois, Chicago metropolitan area, Trade, Kmart, Sears Canada, Sears, Toys for Tots

All proceeds from donations at Sears will be used by the Marine Toys for Tots Foundation to purchase toys for disadvantaged children during the holidays.

Key Points: 
  • All proceeds from donations at Sears will be used by the Marine Toys for Tots Foundation to purchase toys for disadvantaged children during the holidays.
  • In addition, now through December 9, more than 200 Kmart stores nationwide will display Marine Toys for Tots collection boxes.
  • Shoppers are also invited to buy toys sold at Kmart for donation to the organization.
  • With the help of our generous customers, Sears and Kmart will help brighten the holiday season for children across America," said Peter Boutros, chief brand officer for Sears and Kmart.

Make 'Retirees First' an Election Issue - United Steelworkers

Retrieved on: 
Thursday, November 8, 2018
Economy, Finance, Money, Pension, Personal finance, Social law, Companies' Creditors Arrangement Act, Nortel, Stelco, Sears Canada, Bankruptcy, Nortel Retirees and former employees Protection Canada

"Besides high-profile cases such as Nortel in Ottawa, Stelco in Hamilton and Sears in most communities across Canada, workers are increasingly afraid to retire.

Key Points: 
  • "Besides high-profile cases such as Nortel in Ottawa, Stelco in Hamilton and Sears in most communities across Canada, workers are increasingly afraid to retire.
  • They know how unsecure their pensions and benefits may be if a company enters restructuring under the Companies' Creditors Arrangement Act (CCAA) or go bankrupt.
  • "Pensions are deferred wages and, by the time banks and other creditors are paid, there is nothing left for workers.
  • Meanwhile, workers and retirees had their benefits cut off, and lost vacation, severance and termination pay.

Sears Holdings Seeks Court Approval Of Stalking Horse Asset Purchase Agreement With Service.com To Sell Sears Home Improvement Business

Retrieved on: 
Saturday, November 3, 2018
Hoffman Estates, Illinois, Sears Holdings, Economy, Cook County, Illinois, Chicago metropolitan area, Sears Canada, Sears, Bankruptcy

HOFFMAN ESTATES, Ill., Nov. 3, 2018 /PRNewswire/ --Sears Holdings Corporation ("Holdings" or the "Company") (OTC Pink: SHLDQ) today announced that it has sought court approval of a "stalking horse" asset purchase agreement with Service.com to acquire the Sears Home Improvement business ("SHIP") in a sale process under Section 363 of the U.S. Bankruptcy Code.

Key Points: 
  • HOFFMAN ESTATES, Ill., Nov. 3, 2018 /PRNewswire/ --Sears Holdings Corporation ("Holdings" or the "Company") (OTC Pink: SHLDQ) today announced that it has sought court approval of a "stalking horse" asset purchase agreement with Service.com to acquire the Sears Home Improvement business ("SHIP") in a sale process under Section 363 of the U.S. Bankruptcy Code.
  • "Service.com is excited about the possibility of combining with SHIP," said Sandy Kronenberg, Chief Executive Officer of Service.com.
  • Under the agreement, which is subject to higher or better offers, Service.com intends to purchase SHIP for approximately $60 million in cash.
  • The auction process and final agreement will be subject to the approval of the Court.

Sears Licenses Kenmore Brand to Drinkpod for Home Water Filtration Appliances - Freedonia Group Analysis

Retrieved on: 
Friday, November 2, 2018
Sears Holdings, American brands, Hoffman Estates, Illinois, Kenmore, Trade, Sears Canada, Economy, Cook County, Illinois, Sears, Brand, Home appliance

Under this agreement, Drinkpod will manufacture Kenmore water filtration appliances and accessories, which will be distributed at Sears and other retailers in the US and select countries.

Key Points: 
  • Under this agreement, Drinkpod will manufacture Kenmore water filtration appliances and accessories, which will be distributed at Sears and other retailers in the US and select countries.
  • In this case, Kenmore is a well-established brand in home appliances, including refrigerators with built-in drinking water treatment and dispensing.
  • This gives Sears a chance at additional revenues in the $835 million point-of-use consumer water treatment sector, and it allows Drinkpod to capitalize on the consumer awareness of the Kenmore brand."
  • Additional analysis of the home water treatment industry can be found in the following Freedonia reports: Global Consumer Water Treatment Systemsand Consumer Water Treatment Systems in the US.

Sears Enters Into Licensing Agreements For Kenmore® And DieHard® Brands

Retrieved on: 
Thursday, November 1, 2018
American brands, Sears Holdings, Hoffman Estates, Illinois, Cook County, Illinois, Chicago metropolitan area, Economy, Kenmore, Sears Canada, Sears, DieHard, Craftsman, Brand

HOFFMAN ESTATES, Ill., Nov. 1, 2018 /PRNewswire/ --As Sears continues to forge its future, the company announced it has signed several licensing agreements that will broaden the assortment and reach of its Kenmore and DieHard brands at U.S. retailers.

Key Points: 
  • HOFFMAN ESTATES, Ill., Nov. 1, 2018 /PRNewswire/ --As Sears continues to forge its future, the company announced it has signed several licensing agreements that will broaden the assortment and reach of its Kenmore and DieHard brands at U.S. retailers.
  • DrinkPod LLC will manufacture Kenmore water filtration appliances and Gibson Overseas, Inc. will manufacture Kenmore housewares, all of which will be distributed at Sears and other retailers nationwide.
  • "The Kenmore brand is one of the most awarded and trusted American brands and is woven into the fabric of our home lifestyle," said Peter Boutros, president of Kenmore, Craftsman and DieHard brands at Sears Holdings.
  • These agreements are examples of our expansion strategy to unleash the power of these iconic brands in exciting new and developing product categories."

Amazon Europe Retail Losses Bigger Than Sears' Says new Clothesource Report

Retrieved on: 
Monday, October 22, 2018
Economy, Sears Holdings, Trade, Business, Hoffman Estates, Illinois, Retailing, Sears Canada, Sears, Amazon, Retail, Société à responsabilité limitée, E-commerce

A new report from Clothesource argues that the 2017 losses that tipped Sears into its bankruptcy filing were about the same as Amazon's losses on European retail alone.

Key Points: 
  • A new report from Clothesource argues that the 2017 losses that tipped Sears into its bankruptcy filing were about the same as Amazon's losses on European retail alone.
  • Sears lost $981mn in 2017.Much the same as the $988 mn loss at Amazon's European retail holding company, Amazon EU SARL,according to accounts recently filed at London's Companies House.
  • Though the US Census Bureau shows that online retail went on to grow 15% in the first half of 2018, physical stores still accounted for three quarters of America's retail growth.
  • Sears was struggling to adapt to a changing world before e-commerce was invented, and it did no better after e-commerce came along.