From Sears Holdings' perspective, opening Kmart stores on the morning of Thanksgiving gives customers a convenient way to shop for holiday gifts. But many customers see things differently, and the retail giant is taking some flak for the decision.
A selloff of several store leases and the spinoff of two business segments are on the way for Sears Holdings as the company hopes to improve its third quarter 2013 performance, the retailer said Tuesday.
Colder weather and more conservative shoppers contributed to a drop in Target Corp.'s first quarter 2013 profits, but the company's underlying business remains healthy, executives said Wednesday morning in a conference call with investors.
Target announced plans to open a new store in Baltimore by October 2013. The retail giant has said approximately 200 new team members will be hired for the new location, part of the Canton Crossing Shopping Center on Boston Street.
Sears and Kmart are offering more than a quarter-million dollars in rewards for members of their loyalty program and sending emergency equipment from 42 distribution centers in the wake of Hurricane Sandy, parent company Sears Holdings said.