The first three stores called Sears Home & Life will open on Memorial Day weekend and are a fraction of the size of the company’s traditional stores.
Sears
Posted inBusiness
Auburn Kmart to stay open despite another round of store closings
Sears Holdings is closing the Kmart in Waterville as part of its Chapter 11 bankruptcy plan. The Kmart on Center Street in Auburn is not on a list of 40 stores — 29 Sears and 11 Kmart sites — published by USAToday. Waterville is the only Maine location to lose a store. In October, Sears Holdings […]
advertisement
Posted inNation / World, sj-web
Sears files for Chapter 11 amid plunging sales, massive debt
NEW YORK (AP) — Sears filed for Chapter 11 bankruptcy protection Monday, with plans to shutter 142 unprofitable stores in the hopes that it can stay in business. The question now is whether a smaller version of the company that once towered over the American retail landscape can be viable. Sears, which started as a […]
Posted inBusiness
Auburn Kmart survives another round of closings
Sears Holdings Corp. kicked off another fiscal year with declining sales from a dwindling number of stores, and more closings are on the way. The operator of Sears and Kmart stores posted a first-quarter loss of $3.93 a share, Hoffman Estates, Illinois-based Sears said Thursday. Revenue fell due to fewer stores and a 12 percent […]
Posted inObituaries, sj-web
Archie M. Wing Jr.
NORTH MONMOUTH — Archie M. Wing Jr., 89, a resident of North Monmouth, passed away peacefully at his home with his family Monday, Jan. 1. He was born in Greene on May 9, 1928, the son of Archie M. Wing Sr. and Louise (Bean) Wing. Archie proudly served his country in the U.S. Navy from 1948 […]
Posted inBusiness, sj-web
Auburn Kmart not on closure list
AUBURN — The Kmart here is not one of the 28 Kmarts that owner Sears plans to close nationally. Sears officials announced the list of 28 stores slated for closure Thursday afternoon. None are in Maine. Over the last few years, hundreds of Sears and Kmart locations have been shuttered as the retailer seeks financial […]
Posted inBusiness, sj-web
Sears warns of 'substantial doubt' about company's future
Shoppers walk into a Sears store in Pittsburgh on Feb. 8, 2017. Sears said that there is “substantial doubt” that it will be able to remain in business. The company, which runs Kmart and its namesake stores, has struggled for years with weak sales. Sears Holdings Corp. acknowledged “substantial doubt” about its ability to keep […]
Posted inObituaries, sj-web
Galen D. Ouellette
1949 – 2017 FORT KENT — Galen D. Ouellette, 67, died peacefully Friday, Jan. 20, following a long courageous battle with cancer at Fort Kent Health Care facility. He was born in St. Francis on May 11, 1949, the son of Adelord and Julienne (Jandreau) Ouellette. He was a member of the Genealogy Society, was […]
Posted inBusiness, sj-web
Sears to sell Craftsman tool brand, close 150 stores
Sears on Thursday announced that it has agreed to sell its Craftsman tools brand to Stanley Black & Decker in a deal valued at $900 million, the latest bid by the flailing retail chain to try to drum up cash to reposition itself for an era when e-commerce is gobbling up more of consumers’ shopping […]
Posted inBusiness
No Maine Sears stores or Kmarts on list of closings
In Maine, the blue light specials will go on. Sears announced Thursday that it is closing 10 of its stores and 68 Kmarts across the country, but none of those closures are scheduled for Maine. The closures are set to begin in July. The closest closure is a Kmart in Tewksbury, Mass. The Twin Cities […]