Editorial Results (free)
1. Storm's Cost May Hit $50 Billion; Rebuilding to Ease Blow
- Wednesday, October 31, 2012
WASHINGTON (AP) – Superstorm Sandy will end up causing about $20 billion in property damages and $10 billion to $30 billion more in lost business, according to IHS Global Insight, a forecasting firm.
2. Holiday Sales Seen Rising 4.1 Percent in 2012
- Wednesday, October 03, 2012
NEW YORK (AP) – Americans are expected to spend more during what's traditionally the busiest shopping season of the year, but they're not exactly ready to shop 'til they drop like they have been in the past two years.
3. Kmart Waives Layaway Fee, Joining Rivals
- Monday, September 10, 2012
NEW YORK (AP) – The layaway wars are heating up ahead of the winter holidays.
Kmart, a division of Sears Holdings Corp., said Friday that it's waiving the fees that shoppers pay to open its interest-free pay-over-time program at its discount stores and online through Nov. 17.
4. Major Retailers to Launch Mobile App for Payments
- Thursday, August 16, 2012
NEW YORK (AP) – A bevy of big-name retailers including Wal-Mart Stores Inc., Best-Buy Co. and Target Corp., are teaming up to create a company that will give customers another way to make purchases: with their cellphones.
5. Sears Spinning Off Some Stores Into Separate Co.
- Tuesday, August 14, 2012
NEW YORK (AP) – Sears is moving forward with plans to spin off its Hometown and Outlet stores as well as some hardware stores into a separate publicly traded company.
Sears had signaled that it would split the companies back in February. There are a total of 1,238 Hometown, Outlet and hardware stores as of April 28, according to Sears, which is trying to turn around its business and spruce up its image. It has already closed five Hometown stores, eight hardware stores and one Outlet store.
6. Sears Execs Say Retailer Financially Strong
- Thursday, May 03, 2012
HOFFMAN ESTATES, Ill. (AP) – Sears executives tried Wednesday to ease concerns about the troubled retailer's long-term outlook amid ever-sinking sales, emphasizing the company's financial strength, increased liquidity and prospects to boost operational results.
7. Best Buy to Cut Costs and Close Stores
- Thursday, March 29, 2012
MINNEAPOLIS (AP) – Best Buy Co. said it plans to close 50 U.S. big box stores and open 100 small mobile locations in the U.S. in fiscal 2013 and cut $800 million in costs by fiscal 2015. The news came Thursday as the biggest U.S. specialty electronics retailer posted a fiscal fourth quarter loss partly due to restructuring charges.
8. Sears Shedding Some Stores, Reports Q4 Loss
- Friday, February 24, 2012
NEW YORK (AP) – Sears said Thursday that it's unloading some of its profit-busting stores, but the retailer fell short of revealing how it plans to woo shoppers back into its remaining ones.
9. Balmy Winter Brings Plenty of Economic Surprises
- Monday, January 16, 2012
NEW YORK (AP) – Out of a relatively balmy winter have sprung some economic surprises. People have more cash in their pockets because they aren't turning up the thermostat. Airlines don't have to de-ice planes or battle blizzards. And shoppers are finding great deals on coats and boots.
10. Moody's Cuts Some Sears Holdings Ratings
- Thursday, January 05, 2012
NEW YORK (AP) – Moody's Investors Service is cutting some of Sears Holdings Corp.'s rating as it anticipates the owner of the Sears and Kmart stores will likely post a significant fiscal 2011 operating loss.
11. Sears Adds Ex-Brookstone CEO to Head Merchandising
- Wednesday, January 04, 2012
NEW YORK (AP) – Sears Holdings Corp.'s CEO says he's looking to former Brookstone head Ron Boire as its new chief merchandising officer to help meld the store experience with online and mobile shopping.
12. No Memphis Sears, Kmart Stores on First List of Closures
- Friday, December 30, 2011
No Memphis stores are in the first round of closings Sears Holdings Corp. has announced.
Hoffman Estates, Ill.-based Sears Holdings announced Tuesday, Dec. 27, it planned to close 100 to 120 Sears and Kmart stores. The company released a list of 79 Thursday, Dec. 29, stating the remainder would be announced later.
13. Some Sears' Ratings Put on CreditWatch Negative
- Friday, December 30, 2011
NEW YORK (AP) – Standard & Poor's Ratings Services is putting some of Sears Holdings Corp.'s ratings on negative CreditWatch after the company announced weaker-than-expected holiday sales and said it would close 100 to 120 of its Sears and Kmart stores.
14. Sears to Close 100 to 120 Kmart, Sears Stores
- Wednesday, December 28, 2011
NEW YORK (AP) – Sears Holdings Corp. plans to close between 100 and 120 Sears and Kmart stores to raise cash after a weak holiday shopping season for the retailer.
15. Sears Q3 Loss Widens on Softness in Canada
- Friday, November 18, 2011
NEW YORK (AP) – Sears Holdings Corp. turned in a wider-than-expected loss in its third-quarter, dragged down by weakness in Canada, declining consumer electronics sales and softer clothing sales at its Kmart stores.
16. Target Announces Midnight Opening for Black Friday
- Monday, October 31, 2011
NEW YORK (AP) — As the run-up to holiday shopping intensifies, Target Corp. said Friday that its stores will open at midnight on Thanksgiving Day for the first time.
17. Lender Buys Willow Lake for $26M
- Monday, October 17, 2011
Willow Lake Business Park and Corporate Park in Hickory Hill sold back to the lender for $26 million Friday, Oct. 14, on the Shelby County Courthouse steps following a foreclosure.
A single-purpose entity named 198-6 Memphis Industrial Portfolio Holdings LLC, which is related to U.S. Bank NA, bought the property from substitute trustee R. Spencer Clift III of Baker, Donelson, Bearman, Caldwell & Berkowitz PC.
18. Sears to Use iPads in Stores to Help Customers
- Friday, October 14, 2011
NEW YORK (AP) – Sears Holdings Corp. is putting Apple iPads and iPod Touch devices in the hands of sales associates at almost 450 Sears and Kmart stores that will let the workers search inventory and help customers order products online and watch product.
19. Midtown Vacancy
- Tuesday, September 27, 2011
Memphis hospitality professional Tony Westmoreland hopes someone can breathe new life into a beleaguered, empty Midtown building that operated as a hotel for more than four decades.
20. Sears Holdings Names New CFO
- Wednesday, August 17, 2011
HOFFMAN ESTATES, Ill. (AP) – Sears Holdings Corp. said Tuesday that Robert Schriesheim will join the company as executive vice president and chief financial officer.
Schriesheim, 51, was to start on Tuesday as executive vice president and will officially become the company's CFO effective Monday.
21. Sears Names New CEO of Lands' End Business
- Tuesday, August 02, 2011
HOFFMAN ESTATES, Ill. (AP) – Sears Holdings Corp. said Monday that it has hired Edgar O. Huber as CEO and President of its Lands' End business.
Huber comes to Sears Holdings from Liz Claiborne Inc., where he was the executive vice president of global business development. He also worked as president and CEO of the Juicy Couture brand before that.
22. Kmart Lays Off 700 Appliance Workers
- Monday, June 20, 2011
The parent of Kmart stores is laying off 700 employees working in Kmart’s appliance departments as it changes how the stores sell refrigerators, ovens and other appliances.
Kmart spokesman Chris Brathwaite says the move will allow customers to check out appliances at any register rather than going to a dedicated register for appliances. But there also won’t be any specialized appliance-only staff people on hand near appliances. Instead, all Kmart staffers are being trained to answer questions about appliances.
23. Sears Interim CEO 2010 Pay More Than Triples
- Tuesday, April 12, 2011
NEW YORK (AP) – Sears Holdings Corp.'s interim CEO W. Bruce Johnson, who gave up the top role in February, received compensation worth $5.3 million in 2010, more than triple the prior year, according to an analysis by the Associated Press.
24. Sears Expects 4Q, Full-Year Earnings to Top Street
- Wednesday, January 12, 2011
NEW YORK (AP) – Sears Holdings Corp. expects its fourth-quarter and full-year adjusted earnings to top Wall Street's expectations as better sales at its Kmart chain cushioned the blow from declines at Sears stores.
25. Early Deals Draw Shoppers, Raise Retail Spirits
- Tuesday, November 23, 2010
NEW YORK (AP) – Shoppers spent a bit more in early November, raising retailers’ spirits about the holiday season right before it kicks into high gear.
Early discounting on everything from TVs and sweaters as well as free shipping deals helped pull in shoppers in the first two weeks of November. Consumers coming out of their shells could be a gift for an economy that has suffered from depressed spending for almost three years.
26. Sears Q3 Loss Widens on Poor Appliance, Clothing Sales
- Friday, November 19, 2010
NEW YORK (AP) – Sears Holdings Corp.'s third-quarter loss nearly doubled, dragged down by weak revenue at its long-suffering Sears chain, hurt by poor sales of appliances and clothing.
27. Kmart Offers In-Store Pickup for Online Purchases
- Friday, November 12, 2010
HOFFMAN ESTATES, Ill. (AP) – Retailer Kmart is letting customers who buy items online pick up their purchases on the same day at more than 600 locations.
The retailer, owned by Sears Holdings Corp., said Thursday that customers can now buy items through the Kmart2go mobile web site or smart phone applications and select in-store pickup. The apps also can be used in-store for product information.
28. Americans Likely Took Retail Breather in October
- Thursday, November 04, 2010
NEW YORK (AP) – After a last-minute back-to-school buying spree, Americans appeared to have taken a shopping pause in October, resulting in a mixed retail sales picture.
That lull could continue until the day after Thanksgiving, the unofficial start of the Christmas season, as shoppers wait for big bargains, many analysts say.
29. Citi Selling $1.6B Consumer Finance Assets to GE
- Thursday, October 07, 2010
NEW YORK (AP) – Citigroup is selling $1.6 billion in retail sales finance assets to GE Capital as the bank continues to restructure its business to focus on core consumer banking operations.
30. Stores Push Summertime 'Christmas' Sales
- Tuesday, July 20, 2010
NEW YORK (AP) — Santa in the summer?
Retailers are pumping still more energy this year into trying to get shoppers to loosen their purse strings early for Christmas with sparkly ornaments, holiday music and special prices. In July.
31. Retail Sales Sink, Jobless Claims Rise
- Friday, January 15, 2010
Retail sales unexpectedly fell in December, leaving 2009 with the biggest yearly drop on record and highlighting the formidable hurdles facing the economy as it struggles to recover from the deepest recession in seven decades.
32. December Retail Sales Show Signs of Life
- Friday, January 08, 2010
NEW YORK (AP) - Last-minute holiday shoppers brought relief to the nation's retailers, handing them modest sales gains for the season and prompting several chains to raise their fourth-quarter profit outlooks.
33. Holiday Shopping Off to Mildly Encouraging Start
- Tuesday, December 01, 2009
NEW YORK (AP) - After shoppers gave retailers a somewhat encouraging start to the holiday shopping season, stores now turn their attention to the online promotions known as Cyber Monday and bringing back customers the rest of the season.
34. Consumer Strain: Pens and Notebooks Put on Layaway
- Tuesday, August 25, 2009
NEW YORK (AP) - To gauge consumers' strain, look no further than the rows and rows of plastic bags awaiting layaway payments at Kmart. They are filled with back-to-school basics – not just T-shirts and jeans but notebooks, magic markers and pencils.
35. Sears Holdings to Start Buyer Protection Program
- Wednesday, July 01, 2009
HOFFMAN ESTATES, Ill. (AP) - Sears said Tuesday that it plans to offer a buyer protection program for its home appliances to help consumers who lose their jobs during the recession.
The free program, which starts Monday and runs through Aug. 1, covers appliance purchases of more than $399 made on a Sears card by cardholders who lose their job. Cardholders must have held a full-time job for at least 60 days when the appliance was purchased.
36. Lawyers Giving Closing Arguments in Kmart Case
- Monday, June 01, 2009
ANN ARBOR, Mich. (AP) - The former head of Kmart Corp. used "lies, deceptions and half-truths" to keep investors in the dark about a cash crisis in the months leading to a 2002 bankruptcy, a government lawyer told jurors Friday at the end of a civil fraud trial.
37. Ex-Kmart CEO Back on Witness Stand in Civil Trial
- Friday, May 29, 2009
ANN ARBOR, Mich. (AP) - A lawyer for the U.S. Securities and Exchange Commission tried to raise doubts Thursday about the credibility of a former Kmart Corp. chief executive as the government's civil fraud trial moved toward a conclusion.
38. Ex-Kmart CEO Testifies in Federal Civil Trial
- Thursday, May 28, 2009
ANN ARBOR, Mich. (AP) - The former head of Kmart Corp., defending himself against the government's claims he covered up the retailer's woeful finances, testified Wednesday that he kept directors fully informed in the months leading to a bankruptcy filing in 2002.
39. Sears Q4 Profit Falls 55 Percent on Charges
- Friday, February 27, 2009
CHICAGO (AP) - Struggling retailer Sears Holdings Corp. said Thursday its fourth-quarter profit dropped by more than half as charges for store closings, valuation declines and severance dragged down results.
40. Retail Sales Plummet 2.7 Percent in December
- Thursday, January 15, 2009
Retail sales plunged far more than expected in December, ending a dismal holiday season with a record sixth straight monthly decline, and there’s no relief in sight as consumer demand remains weak.
41. US Retailers Report Dismal December Sales
- Friday, January 09, 2009
NEW YORK (AP) – Retailers reported dismal sales figures for December on Thursday as even Wal-Mart Stores Inc., one of the bright spots in the industry, finally buckled under the pressures of the deteriorating U.S. economy.
42. Final Holiday Shopping Weekend Keeps Retailers Edgy
- Tuesday, December 23, 2008
CHICAGO (AP) – The deals were there and, by most accounts, so were the shoppers. But at the close of the final holiday shopping weekend, consumers confessed they were still nervous about buying.
43. Fitch Ratings Expects More Credit Card Defaults
- Monday, December 15, 2008
Credit card delinquencies will likely further stress card issuers and retailers as more consumers find themselves unable to pay the debt in the coming months, according to a report issued Friday by Fitch Ratings.
44. Stores May See Disappointing Black Friday Sales
- Friday, November 21, 2008
NEW YORK (AP) - After pushing steep discounts throughout November that are usually reserved for the day after Thanksgiving, retailers from Kohl's to Toys "R'' Us are offering even bigger cuts and promotions for Black Friday in a frantic bid to pull in shoppers.
45. Retail Groups to Lobby Against Pro-Labor Bill
- Friday, November 07, 2008
NEW YORK (AP) - With Barack Obama's election as president and Democrats controlling Congress, retailers and industry trade groups are bracing for a fight on Capitol Hill next year against legislation that would make it easier to unionize workers.
46. Retail Groups to Lobby Against Pro-Labor Bill
- Thursday, November 06, 2008
NEW YORK (AP) – With Barack Obama's election as president and Democrats controlling Congress, retailers and industry trade groups are bracing for a fight on Capitol Hill next year against legislation that would make it easier to unionize workers.
47. Two Elected To AutoZone Board
- Tuesday, August 19, 2008
Robert R. Grusky and William C. Crowley have been elected to the AutoZone Inc. board of directors. Both men were elected to the board in accordance with an agreement by ESL Investments Inc., AutoZone’s largest shareholders.
48. AutoZone OKs Share Buyback Increase up to $500M
- Friday, June 27, 2008
AutoZone Inc. said Thursday its board has approved the repurchase of an additional $500 million in stock, bringing its current unused share repurchase authorization to $608 million.
The auto parts retailer also said it will increase its debt leverage to “better optimize its current capital structure.”
49. Verso Paper Cuts Number, Price of Shares in IPO
- Friday, May 16, 2008
NEW YORK (AP) - Coated paper company Verso Paper Corp. on Wednesday pruned the number and expected price of shares to be offered in its pending initial public offering.
The Memphis-based company now plans to offer 14 million shares at $12 per share. Previously, the IPO was expected to total nearly 18.8 million shares and price between $16 and $18 apiece.
50. Verso Paper Takes Advantage Of Rising Prices With IPO
- Tuesday, May 13, 2008
NEW YORK (AP) – Memphis-based coated paper company Verso Paper Corp. is hoping the good old-fashioned principle of supply and demand will drive interest in its initial public offering this week.
51. Sears Plans Reorganization
- Wednesday, January 23, 2008
Sears Holdings Corp. plans to reorganize into several companies in another bid to pull the ailing 121-year-old retailer out of the doldrums, according to a report published Saturday.
52. Former Kmarts, Cordova Shopping Center Have New Options With New Plan
- Thursday, March 01, 2007
When New Plan Excel Realty Trust Inc. and Sears Holdings Corp. set up a joint development venture in 2005, the venture's first deal involved transforming three former Kmart stores in Memphis.
Sears had closed the stores in 2005, citing their under-performance. Since then, Sears' partner in its development venture - a New York real estate investment trust (REIT) with assets of about $3.5 billion - has more than lived up to its name.
53. Archived Article: Daily Digest
- Thursday, November 18, 2004
Buys Lamar Property
The Burlington Northern and Santa Fe Railway Co. has purchased two acres at 4770 Lamar Ave. for $1.3 million, according to The Daily News Public Records Database, www.memphisdailyn...
54. Archived Article: Daily Digest
- Thursday, September 30, 2004
Financed for $9.8 Million
Schilling-HChem LLC has financed 6.28 acres near Schilling Boulevard and West Winchester Boulevard in Collierville for $9.8 million, according to The Daily News Public Re...
55. Archived Article: Daily Digest
- Sunday, October 12, 2003
Appoints New Leaders
First Mercantile Trust announced the appointment of David Alan Dunaway as president and James Pratt as chief operating officer. Dunaway most recently worked for Russell Investment Group...