sears

Sears 4Q Loss Narrows as Co. Reduces Expenses

Sears posted a smaller loss in the fourth quarter as it reduced its inventory and expenses while sales at its namesake stores rose slightly. The company that also owns the Kmart store chain lost $489 million, or $4.61 per share, for the period ended Feb. 2.

The 8 Retailers That Will Close the Most Stores in 2013

After years in an unsteady economic climate, being battered by e-commerce on one hand and more effective bricks-and-mortar competitors on the other, these eight chains need the relief that shrinking can provide. And this year, that's exactly what they'll get.

The Best (Not-MLK) Sales This Weekend

Retailers tend to shy away from running big promotions associated with Martin Luther King, Jr. Day. But it's still a long weekend, and people like to use their day off to shop. Here are a few of the weekend's best deals.

The 10 Most Hated Companies in America

Botched product launches, plunging stock values, massive layoffs, unhappy workers and poor customer service: These are just some of the woes that can win a business a spot on the 24/7 Wall St. list of the 10 most hated companies in America.

Big Retailers Fined for Pushing Phony Bamboo Fabrics

Macy's, Amazon and Sears have all agreed to fork over hundreds of thousands of dollars each in fines after the Federal Trade Commission busted them for passing off Rayon fabrics as genuine, environmentally friendly bamboo.

Five Big Surprises from Black Friday and Cyber Monday

Black Friday and Cyber Monday, the two most heavily hyped shopping days of the season, are behind us: Online retail sales were fantastic, and Amazon and Walmart had nice weekends. But anyone could have predicted that. Here are a few results of the big shopping weekend you probably didn't see coming.

Wall Street Watch: Waiting for All Week for Black Friday Numbers

Investors know that it will be a week of heavy eating and light trading. The market is closed on Thanksgiving, and will close early on Friday. However, it won't be a light week for retail, so the Black Friday and Cyber Monday results will be top of mind for the market-minded.

Target Responds to Backlash Over Thanksgiving Night Opening

Target is pushing back against complaints that its 9 p.m. Thanksgiving opening is ruining the holiday for its employees. It's hardly the only retailer making the move, an online petition singling out Target at Change.org had 228,000 signatures as of Friday morning.

Costco Moves into Mortgage Loans

There doesn't seem to be anything under the sun that Costco doesn't sell, including mortgage loans. The retailer's new online financial offering had been in testing mode for the past year, and it has worked so well that it has now been launched publicly.

Walmart's Thanksgiving Opening May Add Nothing to Bottom Line

Walmart's Black Friday plan to open at 8 p.m. on Thanksgiving with doorbuster deals is forcing other retailers to follow suit. This shift may or may not prove a winner with shoppers, but it's already upsetting retail workers -- and it may not even make a difference in boosting sales.

Target Joins the Black Friday Rush with Thankgiving Opening

Target's Black Friday Sale will begin at 9 p.m. on Thanksgiving, three hours earlier than a year ago. The discounter joins several other major retailers, including Walmart, that are kicking off the holiday shopping season on Thanksgiving Day and staggering deals over the two-day period.

Toys R Us Waives Fee for Layaway Program

Toys R Us is making it easier for shoppers to use its layaway program ahead of the crucial holiday season, waiving its service fee and minimum purchase requirement beginning Tuesday.

The Biggest Thing on Sale at Sears? Pieces of Sears

Sear announced this week that it will divest itself of more than 1,000 Hometown and Outlet stores, its latest move to find profits in spin offs. But does Sears have anything left that anyone wants to buy other than pieces of its business?

7 Reasons Best Buy Won't Be Around in 7 Years

The hunt is on for Best Buy's next CEO, but it won't be an easy post to fill: The hard truth is that the concept of the consumer electronics superstore is becoming less relevant with each passing year.

Shop 'Til It Drops: Take a Virtual Tour of a Dead Mall

First U.S. manufacturing collapsed under the pressure from low-wage labor overseas, leaving the landscape dotted with hollowed-out plants and gutted factories. Now, the suffering retail sector has left us with increasing number of abandoned malls.

Retail Stocks Are a Bad Buy: Why the Rally Won't Last

The stock market's recent bounce has a lot of folks looking for a piece of the action. And with retail stocks shooting up faster than average, but still cheaper than a year ago, some analysts say now's the time to buy them. They're wrong. Here's why:

Bad Holiday Sales Leads to Sears, Kmart Store Closings

Sears Holdings on Tuesday reported a sharp drop in holiday sales compared to a year ago, and said the results will force it to close 100 to 120 Sears and Kmart stores. The company said the stores to be closed have yet to be identified.

Retail Grinches Are Cutting Short Thanksgiving

News flash, retailers: There's a reason that mosh pit of rock-bottom deals and rampant consumerism is called Black Friday -- it occurs on Friday. And there's good reason to keep it that way.

What to Watch This Week: New Tablets, Old Retailers

There's never a dull moment on Wall Street, especially when new tablets and old banks are in the way. Let's go over some of the items that will help shape the week ahead: The Kindle Fire, the Nook Tablet, and earnings reports from Sears, Gap, Hot Topic, Lowes Home Depot and Staples.

Will the Layaway Revival Come Back to Bite Retailers?

Layaway became obsolete in the bubble years, an anachronism from bygone times when many consumers couldn't access credit. In today's rough economy, layaway is making a comeback for the holidays. But for investors who hold certain retail stocks, this may mean lumps of coal in their portfolios.