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4 days ago · Several buyers and repair customers tell CNN they’ve experienced long delays. Don Aycock told CNN he drove 90 miles round-trip from his home to a car dealership in Clay County, Florida, to buy a ...
- Rise and Fall of A Retail Empire
- A ‘Junkyard’ For Value
- Dwindling Sears Assets
- ‘No Man’S Land’
Older generations can recall a very different trajectory for Sears, which was formed out of a partnership between Richard Sears and Alvah Roebuck, originally to sell watches and jewelry to America’s far-flung towns. By the early 1900s, the Sears catalog sold women’s garments, guns, fishing tackle, bicycles, baby carriages, musical instruments and e...
While Sears Holdings spun off assets, it also went through wave after wave of store closures as its retail business weakened and sales fell. And the shrinking and asset sales continue today under Transformco. In January, for example, the company sold off five Kmart leasesto Target. Since it was formed, Transformco has been a private company, meanin...
Transformco owns other assets along with the Kmart and Sears full-line stores. In mid-2019, the company acquired Sears Hometown, which Sears Holdings had spun off in 2012. That acquisition happened after ESL replaced two board members and changed the company’s bylaws, allowing it to ditch a previous plan to liquidate the appliance retailer and inst...
Meanwhile, Sears Holdings is still in bankruptcy, two and a half years after filing. Some vendors who shipped to the company in the weeks leading up to and after Sears filed for bankruptcy are still trying to get paid as administrative creditors. Despite asset sales in Chapter 11, Sears Holdings is roughly $80 million in the holeto administrative c...
- Ben Unglesbee
May 2, 2023 · Tuesday Morning currently has 200 locations in 25 states — a sharp decline from the 700 it had around three years ago. Notably, it doesn’t sell products online. Consumer spending has slowed...
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Dec 19, 2022 · The rise and fall of Sears. Once the world's largest retailer, it now has just 15 stores left. Here's how changing consumer habits took down a one-time powerhouse.
5 hours ago · The judge overseeing Donald Trump's New York criminal trial on Tuesday approved a delay of the former president's sentencing after his lawyers asked for more time to argue that the Supreme Court's ...
Aug 2, 2023 · The company revealed in April that it was in danger of going out of business, with sales slowing just as interest rates on its $700-million US debt load moved in the opposite direction.
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5 days ago · Walgreens is set to close a substantial number of its roughly 8,600 locations across the United States as the company looks to reset the struggling pharmaceutical chain’s business.
