Sears Holdings has elected law firm executive Cesar Alvarez to its board of directors, the company, which owns the Sears and Kmart chains, announced.
Sears Holdings is spinning off its clothing business, the parent company of Kmart said.
Sears Holdings chairman and CEO Eddie Lampert has pared down his stake in the retailing company, according to a regulatory filing Tuesday.
Kmart and Sears are offering free, two-day shipping to some members of the Shop Your Way program, parent company Sears Holdings said.
A report in the New York Post that Sears Holdings is looking to sell its Canadian division is false, the retailer said.
Sears Holdings had sales of $8.3 billion in third quarter 2013, down $585 million compared with third quarter 2012, the parent company of the Kmart and Sears chains said Thursday.
Kmart and Sears have launched a new app aimed at members of their loyalty card program, parent company Sears Holdings said Tuesday.
A bill that would implement federal tracking and tracing of drugs and strengthen federal regulations on pharmacy compounding has passed in the Senate and will go to President Barack Obama for his signature.
Sears and Kmart are offering an online pre-sale to members of the Shop Your Way loyalty card program, parent company Sears Holdings said.
Sears and Kmart are going local on the web.