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Michelle Russell

Sears admits "more work" ahead amid store closures

1 June 2018 | Michelle Russell

The finance chief of embattled US department store retailer Sears Holdings has admitted there is still much work to be done to return the company to profitability as it announced plans to close a further 72 stores.... read more


Sears to cut $1bn in costs as restructuring continues

10 February 2017 | Michelle Russell

US retail giant Sears Holdings Corp is to cut around US$1bn in costs across its operations in the next phase of its transformation plan that will see new efforts to drive efficiencies in pricing, sourcing and the supply chain.... read more


US Q4 in brief: Cherokee Global Brands, Perry Ellis, Destination Maternity

15 April 2016 | Michelle Russell

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. ... read more


Sears Holdings records another quarterly loss

5 December 2014 | Michelle Russell

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


Green light for Wesfarmers' Pacific workwear deal

24 November 2014 | Michelle Russell

Australia's competition regulator has given the green light to Wesfarmers' takeover of Pacific Brands workwear division.... read more


Sears explores store sales to boost liquidity

7 November 2014 | Michelle Russell

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


Sears Holdings exec Boire takes Canada CEO role

15 October 2014 | Michelle Russell

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.... read more


Kmart reveals payment data breach

13 October 2014 | Michelle Russell

Kmart, a subsidiary of Sears Holdings, has revealed that its payment data systems have been breached, affecting around 1,200 of its stores.... read more


US: Sears appoints Tesco exec as Kmart president

12 August 2014 | Michelle Russell

Struggling retailer Sears Holdings Corporation has appointed former Tesco executive, Alasdair James, as president of its Kmart business.... read more


US: Sears sales fall but Q4 losses narrow

27 February 2014 | Michelle Russell

Struggling retailer Sears Holdings managed to narrow losses in its fourth-quarter, despite booking a drop in revenues.... read more


US: Sears Holdings forecasts quarterly and FY losses

13 January 2014 | Michelle Russell

Struggling retailer Sears Holdings has said it expects to report a net loss in the fourth quarter as the transition of the business continues.... read more


BANGLADESH: Government "charging" Aswad owners over fatal fire

7 January 2014 | Michelle Russell

The Bangladeshi government is understood to be filing criminal charges against the owners of Aswad Composite Mills, which caught fire last year killing seven workers.... read more


BANGLADESH: Kmart reveals supplier factory locations, Target to follow

23 December 2013 | Michelle Russell

The decision by Australian retailers Kmart and Target Corp to reveal the location of their supplier factories in Bangladesh has been described by Oxfam as a ''watershed moment'' for the country's retailers.... read more


CANADA: Lululemon taps Kmart exec Poseley for product role

30 October 2013 | Michelle Russell

Canadian sportswear brand Lululemon has appointed Kmart executive Tara Poseley to the role of chief product officer.... read more