Sears Holdings Corporation
Transparency among apparel brands and retailers appears to be mixed when it comes to sourcing cotton from Uzbekistan. New research has revea...
Just as it seemed things couldn’t get any worse for American Apparel, reports emerged earlier this month that the struggling retailer has be...
| 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.
| 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.
| 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.
| 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.
| 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.
| 25 Sep 2015
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.
| 26 Jun 2015
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.
| 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.
| 26 Feb 2015
Sears Holdings Corp has booked mixed results in its fourth-quarter but is optimistic improvements can be made.
| 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.
| 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.
| 5 Dec 2014
US department store retailer Sears Holdings has booked another loss in its third-quarter, as sales continue to decline.
| 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.
| 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.
| 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.
| 20 Oct 2014
The most-read stories on just-style last week included a look at the impact of China tightening up on corporate social responsibility, analyst opinion on JC Penney's new CEO, and an overview of Glenn Murphy's seven-year tenure at Gap.
| 16 Oct 2014
Sears Holdings Corp commenced its rights offering, through which it plans to raise up to US$380m by selling off the majority of its stake in Sears Canada to generate additional liquidity.
| 15 Oct 2014
Ronald Boire, the EVP and chief merchandising officer of Sears Holdings' Kmart and Full Line formats has joined the firm's Canadian division as acting president and CEO.
| 13 Oct 2014
Kmart, a subsidiary of Sears Holdings, has revealed that its payment data systems have been breached, affecting around 1,200 of its stores.
| 9 Oct 2014
Shares in US department store group Sears Holdings tumbled nearly 17% in trading yesterday (8 October) in response to reports that at least one "medium-sized" vendor had halted shipments to the retailer.
| 3 Oct 2014
Sears Holdings plans to raise up to US$380m by selling off the majority of its stake in Sears Canada to generate additional liquidity ahead of the all-important holiday season.
| 26 Sep 2014
Sears Canada CEO Douglas Campbell has resigned after one year in the post, citing personal reasons.
| 16 Sep 2014
Sears Holdings is borrowing $400m from an investment fund headed by the department store retailer's chairman and CEO Edward Lampert, in a move that comes days after Fitch Ratings lowered its credit rating on the company.
| 22 Aug 2014
US retailer Sears Holdings has said its wider loss in the second quarter was "unacceptable" and there is more work to be done to get the results it wants.
| 20 Aug 2014
Retailer Sears Canada has moved to a net loss in its second-quarter due to expenses related to severance costs and impairment charges.
| 12 Aug 2014
Struggling retailer Sears Holdings Corporation has appointed former Tesco executive, Alasdair James, as president of its Kmart business.
| 5 Aug 2014
Private equity firm Sycamore Partners has declined to comment on reports it is considering a bid for Sears Canada.
| 23 May 2014
Struggling retailer Sears Holdings Corporation says it may close more stores this year after reporting a wider loss in the first-quarter, weighed down by lower sales.
| 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.
| 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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