Sears Holdings Corporation

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Transparency mixed in Uzbek cotton supply chain

Transparency among apparel brands and retailers appears to be mixed when it comes to sourcing cotton from Uzbekistan. New research has revea...

Connected sourcing networks ease payment problems

Just as it seemed things couldn’t get any worse for American Apparel, reports emerged earlier this month that the struggling retailer has be...


Michelle Russell | 15 Oct 2014

The role played by factoring in the apparel supply chain came under the spotlight last week with reports suggesting that factoring companies have scaled back on coverage to vendors supplying department store retailer Sears Holdings. However, the transaction offers a lifeline to many apparel makers, and is seeing a resurgence as a major source of capital for the industry.


Leonie Barrie | 19 Sep 2014

A review of the work carried out so far by the Alliance for Bangladesh Worker Safety says the group has made "significant and laudable progress" over the past 12 months - but pulls no punches when it comes to the many challenges that still lie ahead.


Leonie Barrie | 23 Jul 2014

The group of North American brands and retailers - including Wal-Mart Stores, Gap Inc and VF Corporation - working to improve safety in Bangladesh's ready-made garment factories appears to be sourcing more products from the country as efforts to upgrade the industry take hold. But one year on, progress is "far from over", with the total cost likely to be in the region of $150m and take 12-18 another months to complete.


Leonie Barrie | 11 Jul 2013

Unveiling a new five-year plan to improve worker safety at the factories in Bangladesh that produce their clothing, North American brands and retailers were keen to stress the similarities between their own initiative and a separate scheme backed by 70 mainly European companies. That said, there are considerable differences too.

Latest Interviews

just-style.com | 23 Aug 2007

Harry Debes’ first year as CEO of Lawson Software was dominated by the company’s merger with Intentia International, in early 2006. Now, 15 months after the deal’s completion, he tells just-style how the firm is leveraging its strength in the fashion sector with some exciting new ERP software developments, to help companies reduce lead times and improve delivery performance.


just-style.com | 23 Aug 2007

Harry Debes’ first year as CEO of Lawson Software was dominated by the company’s merger with Intentia International, in early 2006. Now, 15 months after the deal’s completion, he tells just-style how the firm is leveraging its strength in the fashion sector with some exciting new ERP software developments, to help companies reduce lead times and improve delivery performance.

Latest News

In the most recent third-quarter filings from US apparel and footwear brands and retailers, Sears Holdings remained optimistic despite widening its net losses, while Vince Holding blamed challenging conditions and warm weather for a fall in both earnings and sales. Abercrombie & Fitch, meanwhile, revealed a "disastrous" quarter as sales fell and earnings plummeted 80%, while American Eagle Outfitters booked record sales and its 9th consecutive quarter of profit improvement.


Beth Wright | 17 Oct 2016

US retail giant Sears Holdings has promoted Jason Hollar to chief financial officer, effective immediately.


In the most recent second-quarter filings from US apparel and footwear brands and retailers, Tailored Brands showed improvement on Q1 but saw earnings slide, while DSW booked mixed results. Abercrombie & Fitch widened its net losses but remained optimistic, while Destination Maternity revealed improved losses. Express, meanwhile, delivered what it described as a "disappointing" second-quarter, below management expectations, and Macy's saw a "distinct" improvement in its sales and earnings trends for the quarter. 


Michelle Russell | 26 Aug 2016

US retail giant Sears Holdings has secured US$300m in debt financing from CEO Edward Lampert's privately owned hedge fund ESL Investments after moving to a loss in its second-quarter. 


Beth Wright | 28 Jul 2016

US retail giant Sears Holdings has denied media reports that it plans to close all of its Kmart stores and that the chain is facing bankruptcy after staff were seen moving merchandise out of the stockrooms and onto the sales floor.


Beth Wright | 27 Jul 2016

Department store retailer Sears Canada has announced its president, Carrie Kirkman, is to leave the company after less than a year in the role.


Beth Wright | 15 Jul 2016

US department store group Sears Holdings Corp has confirmed its Manhattan apparel and design office will close today (15 July), as part of the retailer's plans to consolidate its apparel operations.


Michelle Russell | 9 Jun 2016

Sears Canada has widened its net losses in the first quarter and recorded declines in sales and gross margin as the department store retailer focuses on re-engineering the business to drive future growth.


Michelle Russell | 22 Apr 2016

US retail giant Sears Holdings is to close 68 Kmart and ten namesake stores this summer as part of "aggressive" plans to strengthen the company and return it to profitability.


In the most recent fourth-quarter filings from US apparel brands and retailers, Destination Maternity and Perry Ellis saw their losses narrow, while New York & Co moved to a net profit. However, Iconix Brand Group cut its outlook after swinging to a loss, Finish Line saw its net profit plummet 90%, and Cherokee Global Brands posted a mixed performance. 


Michelle Russell | 10 Feb 2016

Sears Holdings is to try to improve the performance of its apparel division through changes to sourcing and pricing, accelerate the closing of unprofitable stores, and implement additional cost savings, after forecasting a net loss in its fourth-quarter.


In the most recent third-quarter filings from US apparel brands and retailers Gymboree, Aeropostale, Sears and New York & Co narrowed their losses, while Oxford Industries, Destination Maternity and J Crew saw theirs widen. Both The Finish Line and Men's Wearhouse swung to a loss. On a positive note, The Children's Place, Express, American Eagle Outfitters, G-III Apparel Group and Abercrombie & Fitch booked higher earnings. 


Second-quarter earnings for the retail sector as a whole are forecast to be lower than the prior month, despite easy year-on-year comparisons. The Finish Line posted a small drop in net income, Zumiez saw its profit more than halve, Cherokee Global Brands posted a double-digit decline in net earnings, while Christopher & Banks swung to a loss, and Hudson's Bay was back in the black. 


First-quarter revenue forecasts for US apparel retailers fared far worse than earnings expectations. The Finish Line said it got off to a "solid start" with double-digit profit growth, and Cherokee was pleased with a "strong" quarter, despite some headwinds. Elsewhere, Urban Outfitters revealed a mixed quarter, while Men's Wearhouse booked record sales but a decline in earnings.


Michelle Russell | 2 Apr 2015

US department store group Sears Holdings Corp is to sell around 250 stores through the creation of a real estate investment trust, in a bid to raise US$2.5bn as part of its cost cutting efforts.


Michelle Russell | 26 Feb 2015

Sears Holdings Corp has booked mixed results in its fourth-quarter but is optimistic improvements can be made.


Katie Smith | 3 Feb 2015

Apparel retailer Lands' End has named Dolce & Gabbana USA president Federica Marchionni as its new CEO, following the resignation of CEO Edgar Huber.


Michelle Russell | 29 Jan 2015

US department store group Sears Holdings is to cut 115 corporate jobs, the majority at its head quarters in Illinois, as part of cost cutting efforts.


Michelle Russell | 5 Dec 2014

US department store retailer Sears Holdings has booked another loss in its third-quarter, as sales continue to decline.


Michelle Russell | 7 Nov 2014

US department store retailer Sears Holdings has said it's considering selling up to 300 stores in a bit to boost its finances.


Michelle Russell | 21 Oct 2014

Sears Holdings has announced its intention to raise as much as US$625m through an unsecured loan and equity warrants in a bid to generate additional liquidity and shore up its balance sheet.


Katie Smith | 20 Oct 2014

UK value fashion retailer Primark has inked a deal with Sears Holdings which will see it lease space in seven stores in the US, a move that could be a sign of things to come.

Latest blogs

Leonie Barrie | 20 Oct 2014

Experts on China's textile and apparel industry say that international brands must take increasing care to ensure their sourcing is environmentally and socially responsible, ahead of an anticipated tightening of government restrictions.


Leonie Barrie | 13 Oct 2014

If evidence is needed as to the new direction likely to be pursued by US retail giant Gap Inc, look no further than the company's new leadership change. It was revealed last week that CEO Glenn Murphy is to step down in February, making way for Art Peck, the head of Gap's digital division.

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