Friday, April 19, 2024
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Sears

Newspeopleretailers

Academy Sports + Outdoors Plans Leadership Succession

by Katie Lee

Katy, Texas — As a result of a planned succession process, the following changes to the executive leadership team of Academy Sports and Outdoors, Inc. will be effective as of June 1, 2023. Ken C. Hicks, chairman, president and CEO, will transition to executive chairman of the board. Steven (Steve) P. Lawrence, executive vice president (EVP) and chief merchandising officer (CMO), will become CEO and a member of the board; he will continue to serve as CMO until a successor is appointed. Michael P. Mullican, EVP and chief financial officer, …

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Newspeopleretailers

Conn’s, Inc. President and CEO Steps Down

by Katie Lee

The Woodlands, Texas — Conn’s, Inc.’s president and chief executive officer, Chandra Holt, has stepped down from her position and from the company’s board, effective immediately. Norman L. Miller will serve as interim president and chief executive officer. Miller was the company’s former president and CEO from September 2015 until August 2021 and executive chairman from August 2021 until April 2022; he also has been a member of the board of directors since September 2015. Miller is a retail and consumer finance industry veteran and executive with over 30 years …

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Newsretailers

Kmart to Close its Last Store in State of Michigan

by Katie Lee

Marshall, Mich. — Discount retailer Kmart is closing its final store in the state of Michigan, according to local media reports. The last remaining store is in Marshall, which is located about 45 miles south of Lansing. The store is expected to close in November. Kmart opened its first location in Garden City, Mich., in 1962. In its prime in the 1990s, Kmart operated more than 2,300 locations in the United States. The current parent company of Kmart, Transformco, also owns Sears, which recently unveiled plans to shutter its final …

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construction and designNewsrestaurantsretailers

Unibail-Rodamco-Westfield to Redevelop Former Sears Store into Dining, Entertainment District

by Katie Lee

Los Angeles — Unibail-Rodamco-Westfield plans to redevelop the long-vacated former Sears department store in the Canoga Park neighborhood of Los Angeles into a new dining and entertainment district. The empty store is located in the Westfield Topanga & The Village shopping center. Slated to open in late 2021, the new district will feature a chef-driven food hall, sit-down restaurants, lounges, cocktail bars, interior and exterior boutiques, and entertainment and recreational activities, as well as landscaped indoor and outdoor public spaces and plazas. The renovation will also create a grand entrance …

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Newsretailers

Sears to Close 96 More Stores by February 2020

by Katie Lee

Hoffman Estates, Ill. — Sears Holdings Corp. plans to close 96 underperforming stores by February 2020, according to the retailer’s parent company, Transform Holdco LLC. The closings will consist of 51 Sears stores and 45 Kmart stores, leaving 182 operational Sears and Kmart stores remaining in the United States. The closing stores are scattered throughout all regions of the country, including 28 located in California. A full list of store closures can be found here. “Since purchasing substantially all the assets of Sears Holdings Corp. in February 2019, Transformco has …

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Newspeopleretailers

Sears Holdings Files for Chapter 11 Bankruptcy; CEO Steps Down

by Katie Lee

Hoffman Estates, Ill. — On October 15, 2018, Sears Holdings Corporation and certain of its subsidiaries have filed voluntary petitions for Chapter 11 bankruptcy relief. Effective immediately, the company’s chairman and CEO, Edward S. Lampert, is stepping down from the CEO role. Also, the company will close 142 stores in addition to the previously announced 46 store closings.

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Newsretailers

Sears Opens Unique Concept Store in Honolulu

by Katie Lee

Hoffman Estates, Ill. — Sears has opened a new store dedicated to appliances and mattresses in Honolulu. The unique retail concept focuses on two of Sears’s strongest categories, appliances and mattresses, while continuing to offer the expertise and capability of its leading integrated services. The new store builds on the success of the first Sears Appliances & Mattresses store located in Pharr, Texas, which has been open since June 2017, as well as the Sears Appliances store, which opened in Ft. Collins, Colo., in 2016.

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