Sears Holdings: Framework for Profit

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Sears Holdings continues to pursue efforts to restore the company to profitability. The strategy is represented by our framework for profit, which we discussed in our most recent quarterly financial update. The following illustration provides an at-a-glance view of the opportunities we are focused on and how we are executing against each … Continue Reading »

Funding Our Transformation & Leveraging our Real Estate Assets

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Today Sears Holdings announced that it will be bringing in up to $625 million of cash through a rights offering of senior unsecured notes with warrants. ESL, the company’s largest shareholder with a 48.5% equity ownership stake, has indicated that it intends to participate in the rights offering for its pro-rata share of approximately $303 million … Continue Reading »

Sears Apologizes for Items Listed on Sears Marketplace

Like many who have connected with our company, we are outraged that more than one of our independent third-party sellers posted offensive items on Sears Marketplace.  We sincerely apologize that these items were posted to our site and want you to know that the ring was not posted by Sears, but by independent third-party vendors … Continue Reading »