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Another 96 Sears and Kmart stores to close

8 November 2019 | Beth Wright

The new owner of Sears Holdings Corporation has secured a $250m lifeline ahead of the holidays and is planning another tranche of Sears and Kmart store closures, with 96 locations due to shutter by February next year.... read more


26 Sears and Kmart stores to close in October

9 August 2019 | Beth Wright

The new parent company of US department store retailers Sears and Kmart has announced a tranche of store closures, with 26 large-format locations to shutter in October.... read more


Sears inks sourcing pact with Li & Fung and Triburg

28 June 2019 | Beth Wright

The new parent company of US department store retailers Sears and Kmart has agreed new strategic supply chain partnerships with Li & Fung and Triburg in a bid to reduce lead times and improve efficiencies in bringing product to market.... read more


Ex-CEO Lampert closes $5.2bn deal to buy Sears

12 February 2019 | Beth Wright

An affiliate of ESL Investments Inc – the investment firm belonging to the former CEO of Sears Holdings Edward Lampert – has completed its US$5.2bn acquisition of the troubled department store retailer.... read more


US Q2 in brief – Boot Barn Holdings, VF Corp, Sears

26 October 2018 | just-style

In the latest second-quarter filings from US apparel and footwear brands and retailers, VF Corp raised its full-year guidance on strong sales and earnings, while L Brands reported a 28.7% drop in earnings, and Urban Outfitters achieved record second-quarter sales and a jump in profit.... read more


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


US Q4 in brief – Boot Barn Holdings, Destination Maternity

18 May 2018 | just-style

In the latest fourth-quarter filings from US apparel and footwear brands and retailers, Destination Maternity narrowed its net loss, Sears was boosted by the new US tax law, Caleres returned to profit, Dick's Sporting Goods achieved growth across key businesses, and Urban Outfitters produced record fourth-quarter sales.... read more


US Q3 in brief – Deckers Brands, Boot Barn Holdings

6 February 2018 | just-style

In the most recent third-quarter filings from US apparel and footwear brands and retailers, Deckers Brands exceeded expectations, while Boot Barn Holdings saw earnings nearly double. Destination Maternity, meanwhile, widened its losses.... read more


Sears slashes 220 jobs at corporate offices

2 February 2018 | Beth Wright

Embattled US department store retailer Sears Holdings is to axe more than 200 positions at its corporate offices, as part of ongoing efforts to return to profitability.... read more


Sears to shutter another 103 stores

9 January 2018 | Beth Wright

Embattled US department store retailer Sears Holdings is to shutter an additional 39 Sears and 64 Kmart stores as part of its efforts to return to profitability.... read more


Sears to shutter another 63 stores

6 November 2017 | Beth Wright

US retail giant Sears Holdings Corp is to shutter an additional 18 Sears and 45 Kmart unprofitable stores in the New Year as part of its efforts to return to profitability.... read more


US Q2 in brief – Finish Line, Zumiez, Tailored Brands, Vince Holding

22 September 2017 | just-style

In the most recent second-quarter filings from US apparel and footwear brands and retailers, PVH upped its full-year guidance based on strong second-quarter results, while Guess saw its results boosted by solid growth in both Europe and Asia. Oxford Industries, meanwhile, saw mixed results as earnings fell but sales edged up.... read more


Sears to shutter another wave of stores

11 July 2017 | Beth Wright

US retail giant Sears Holdings Corp is to shutter an additional eight Sears and 35 Kmart unprofitable stores as part of its efforts to return to profitability.... read more


US Q1 in brief – Cherokee, The Finish Line, J Crew

10 July 2017 | Michelle Russell and Beth Wright

In the most recent first-quarter filings from US apparel and footwear brands and retailers, G-III Apparel moved to a loss on acquisition charges, while Guess saw earnings fall on soft Americas sales. Kate Spade, meanwhile, saw earnings slump on the back of sales declines, while Hudson's Bay recorded comparable store declines on the back of lower domestic store traffic across all banners. ... read more


Sears raises savings target to $1.25bn, names new CFO

25 April 2017 | Beth Wright

US retail giant Sears Holdings Corp has revealed the next steps in its transformation plan, including cutting a further US$250m in costs across its operations and naming a new chief financial officer.... 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


Sears to shutter 150 stores to fund transformation

6 January 2017 | Beth Wright

US retail giant Sears Holdings Corporation is to shutter an additional 150 loss-making stores to fund its transformation strategy, two days after netting a US$500m lifeline to stay afloat.... read more


US Q3 in brief – The Finish Line, Destination Maternity, Cherokee, Sears

9 December 2016 | Michelle Russell and Beth Wright

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.... read more


Inventory project sparks Kmart shut-down rumours

28 July 2016 | Beth Wright

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.... read more


Kmart launches Risewear athleisure footwear brand

18 July 2016 | Beth Wright

Retailer Kmart has teamed up with lifestyle athleisure brand Risewear to launch a new value-priced sports shoe and athleisure footwear line.... 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


US Q1 in brief: Finish Line, Cherokee, Destination Maternity

26 June 2015 | Michelle Russell and Katie Smith

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. ... read more


New Balance hits back in Converse trademark row

14 January 2015 | Richard Woodard

Footwear business New Balance has hit back at rival Converse in a continuing row about the design of the latter’s Chuck Taylor All-Star sneakers.... 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


Pacific Brands divests brand and workwear units

1 December 2014 | Katie Smith

Australian retailer Pacific Brands has completed its divestments of the Brand Collective and Workwear businesses.... 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


Pacific Brands divests Brand Collective for AUD39m

18 November 2014 | Katie Smith

Australian retailer Pacific Brands is to split and sell off its loss-making Brand Collective apparel and footwear business for AUD39m (US$34m).... read more


Investigation into Converse trademark complaint

14 November 2014 | Katie Smith

The US International Trade Commission (USITC) is to launch an investigation into trademark infringement claims against 31 footwear retailers and manufacturers following a complaint by Converse.... 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


Converse trademark suit targets 31 rivals

15 October 2014 | Richard Woodard

Nike-owned footwear business Converse is suing 31 rivals over claims they infringed the trademark of its Chuck Taylor All-Stars shoes.... 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 to borrow $400m following ratings downgrade

16 September 2014 | Leonie Barrie

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.... read more


AUSTRALIA: Target discloses Bangladesh suppliers

13 August 2014 | Richard Woodard

Retailer Target Australia has disclosed the locations of its supplier factories in Bangladesh – a move welcomed by charity Oxfam.... 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


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