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At the time, Lampert told the court he had the best chance to continue to keep open the 400 or so remaining Sears and Kmart stores.
Having these businesses under common ownership will accelerate Transform's strategy of growing its smaller store format by adding Sears Hometown stores.
In addition to his loans to Sears, court filings showed Lampert's ESL also owns 49 percent of Sears equity.
York County, meanwhile, has only a Sears Auto Center at the North Hanover Mall.View the full article from the Central Penn Business Journal at
Let's take an elementary view of the Sears problem.
Sears's bid to develop cutting-edge retail concepts is on display at a dozen "reinvention" stores that highlight what company executives call "full-room solutions" rather than the item solutions present in most department stores.
The local businesses bring Sears products into smaller markets the company hasn't penetrated, while allowing stores to use space and employees they already have to sell more merchandise, says Rohit Jacob, divisional vice president of store development and real estate for Sears Hometown.
Agency sources echoed the sentiment of a former Sears marketing exec, who said, "Sears will always be an iconic brand and has come back from death's door a number of times," before also noting that "despite its issues, there's opportunity here: This is still a company of consequence, generating significant revenue, spending a lot of money on advertising.
Attorneys in the case characterized Sears and Philip as enemies.
''(Sears) equity remains a melting ice cube, with asset sales and spinoffs the clearest path to justifying the share price,'' noted Greg Melich, an analyst at International Strategy & Investment Group LLC in a report published on Tuesday.
The competition between the two brands continued, simply under the same roof, with Sears losing the battle.
Portsmouth, NH, May 08, 2010 --( Franchise Solutions, a leading online website for franchise opportunities and business buying information, announced today that Sears Home Appliance Showroom has joined its client roster.
Cooper Tire & Rubber (, Findlay, OH, has finalized an agreement with Sears Holdings to supply Sears Auto Center facilities nationwide with two full lines of passenger tires.
Sears authored or coauthored more than 550 publications from 1914 to 1988.