November 28, 2007 |
Restoration Hardware Inc., a Corte Madera, Calif.-based home-furnishings chain, said it might consider Sears Holdings Corp.'s $269-million takeover bid and provide confidential financial data if Sears agreed not to start a tender offer for its shares. Sears has so far refused to sign an agreement precluding that from happening, Restoration Hardware said. Sears' revised bid of $6.75 a share is a "vast improvement" over its previous offer of $4, Restoration Hardware said.
October 3, 2007 |
For decades, the Sears Wish Book was a holiday treat, scrupulously studied, and dog-eared by generations of children hoping for the best Christmas morning. Now, 14 years after the retailer shelved the venerable catalog, Sears is reviving the storied holiday tradition as it struggles to attract new shoppers and revive business. "We all get lots of gifts, but wishes are a special thing," Chief Marketing Officer Richard Gerstein said.
July 11, 2007 |
Sears Holdings Corp. forecast lower quarterly profit Tuesday and said it needed to better control its costs and stock more items that its shoppers demand, sending shares down 10%. The company, which runs the Sears and Kmart chains, also said its board had approved the repurchase of as much as an additional $1 billion of common stock. Under the control of hedge fund manager Edward Lampert, Sears has been seen as much as a financial stock as a retail stock.
HOME & GARDEN
June 7, 2007 |
THERE is a breed of stealth catalog that slips into the house camouflaged against Restoration Hardware or Pottery Barn. Close examination reveals that the slick, full-color pages do not feature $1,299 beds and $1,599 dining tables, but something decidedly of the Target-Home Depot vein. Simply Indoors does that. It might be Page 14 or 18 of the Spring 2007 edition before a browser is stopped short. ("Is that not a duvet The catalog represents the stylish side of Sears, such as it is.
April 16, 2007 |
She speaks with the fervor of a woman possessed. In the cadence of a grange hall auctioneer, Laurie Flori jabs a finger at each house on her street, every one ordered from Sears, Roebuck & Co. "That's a Carlin," she says. "That's a Whitehall. That's a Warrenton. That's a Lebanon." Starting nearly a century ago, these stately names were bestowed upon a modest line of homes that could be purchased by mail.
November 17, 2006 |
Sears Holdings Corp. said Thursday that it more than tripled its third-quarter profit on a big investment gain and the benefits of cost-cutting, but sales at its Kmart and Sears stores spiraled ever lower and the results disappointed Wall Street. The latest evidence of spending cutbacks and fewer customers comes amid widespread speculation that Chairman Edward Lampert, the hedge fund operator who acquired Kmart Corp. in 2003 and Sears, Roebuck & Co.