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Saturday, September 19, 2020  Spokane, Washington  Est. May 19, 1883
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Stories tagged: kmart

UPDATED: Tue., Jan. 8, 2019

Sears gets another reprieve from liquidation

Sears gets another reprieve from liquidation after its chairman and largest shareholder revises his bid to save the retailer.

Lampert’s hedge fund makes last-minute bid to save Sears

A hedge fund run by Sears Chairman Eddie Lampert said it submitted a last-minute bid Friday to keep the struggling retailer from being liquidated.

UPDATED: Fri., Dec. 28, 2018

Spokane’s first Kmart to close in March as part of Sears bankruptcy

The location at 4110 E. Sprague Ave. was among 80 locations listed Friday for closure by the former retail giant, which is now navigating bankruptcy in partnership with the Sears …

UPDATED: Mon., Oct. 15, 2018

The Sears bankruptcy: Locals lament company’s decline, even if they’ve become infrequent shoppers at the one-time retail giant

Sears Holdings filed for Chapter 11 bankruptcy reorganization Monday. The retailer will close 142 of its 700-plus remaining stores and eliminate thousands of jobs in a bid to stay afloat.

Sears to close 46 unprofitable stores in November

Sears Holdings Corp. continues to clean house, announcing plans to shutter an additional 46 unprofitable stores in November.

UPDATED: Thu., May 31, 2018

Everything must go: After more closings, there will be 820 Sears and Kmart stores, down from 2,000

Sears, the struggling department store chain, said Thursday it would close another 72 Sears and Kmart stores as sales plummeted, continuing the decline of what was once the country’s largest …

Kmart to pay $32.3 million to settle prescription drugs case

Kmart Corp. has agreed to pay $32.3 million to settle allegations its pharmacies caused federal health programs to overpay for prescription drugs by not telling the government about discounted prices.

Aggressive cost-cutting helps Sears narrow loss; shares rise

Sears said Thursday that revenue and a key sales figure plummeted in its most recent quarter as it closed stores, shut down pharmacies at some Kmart locations and lost shoppers …

Sears to close more stores as sales continue fall in 2Q

Sears continued to struggle in its second quarter with declining sales amid heightened competition from the likes of Walmart to Amazon. It now says it will close even more stores.

UPDATED: Thu., July 20, 2017

Alexa, turn up my Kenmore AC; Sears cuts a deal with Amazon

Sears will begin selling its appliances on, including smart appliances that can be synced with Amazon’s voice assistant, Alexa.

UPDATED: Fri., July 7, 2017

Kmart in Coeur d’Alene to close; Sears Holdings Corp. to close 43 locations by October

Struggling department store chain Sears says it’s closing even more stores as it tries to turn around its business, and the Kmart in Coeur d’Alene is one of those that …

UPDATED: Wed., March 22, 2017

Kmart, Sears face ‘substantial doubt’ about finances as losses grow

After years of mounting losses, the parent company of Sears and Kmart says there is “substantial doubt” about its financial viability.

Sears, watching its spending, limits 4Q adjusted loss

HOFFMAN ESTATES, Ill. – Sears, stung by higher charges, reported a wider fourth-quarter loss, but its adjusted loss was smaller than last year and investors were elated as the department …

Kmart buying up bankrupt companies’ products to offer big discounts

Struggling discount department store Kmart will begin selling merchandise from bankrupt retailers, liquidations and “other opportunistic situations,” the company said Wednesday.

After challenging holiday, Sears to speed up store closings

Sears keeps pruning its business in a years-long makeover, a bid to transform itself from a 123-year-old retail store into a nimble, 21st century operator. Patience appears to be wearing …

Large fraud ring passed bad checks, federal indictments allege

At least 29 people face federal criminal indictments for allegedly trying to cash fraudulent checks written on accounts for Providence Sacred Heart Medical Center, Providence Health & Services, Kmart, a …

Footprints lead police to suspects

Spokane police arrested two men over the weekend after thieves targeted Kmart, Taco Bell and 7-Eleven. One man is accused of stealing about $25,000 worth of jewelry from the Kmart …

Sears to close Lewiston, Walla Walla stores

Sears will close its stores in Lewiston and Walla Walla, and Kmart will close its Lacey, Wash., store, parent company Sears Holdings Corp. announced today.

Sears to close 100 to 120 Kmart, Sears stores

Sears Holdings Corp. plans to close between 100 and 120 Sears and Kmart stores after poor sales during the holidays, the most crucial time of year for retailers.

Layaway angels commit random acts of Christmas in Spokane, Coeur d’Alene

At Kmart stores across the country, “layaway angels” are bringing a bit of holiday cheer by paying off the layaway accounts of strangers. Now they’ve hit the Inland Northwest. Coeur …

Antennas sprout in blackout

A three-week blackout that’s kept some Eastern Washington and North Idaho TV viewers from watching Fox Network shows has sent many of them to local stores to snap up indoor …