Walgreens(WAG) announced today that it has reached an agreement to acquire prescription files and inventory from 33 Kmart pharmacies in 16 states from Sears Holdings(SHLD). A quick look at the locations reveals that these are the Kmart locations scheduled to be closed in the next few months. The first transition already happened 3 days...
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Posts Tagged ‘ Sears ’
Sears Sells Inventory And Customer Lists From Kmart’s Pharmacies To Be Closed To Walgreens
When Sears Is All You Have- Small Towns Plead In Vain For Sears To Stay
We have written previously about Sears(SHLD) closing dozens of stores. Now, the Huffington Post reports on some of the small cities and towns where Sears has announced closings that are desperate to keep their stores. Now, at least four of the places affected — Jackson, Miss., Cleveland, Tenn., New Smyrna Beach, Fla., and Harper...
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Eddie Lampert Doesn’t Fear Sears Bankruptcy, Personally Purchases $150 Million Worth Of Sears Stock
It’s been a brutal year for Sears Holdings(SHLD) and a brutal year for Eddie Lampert’s hedge fund ESL investments. ESL has recently handed over shares of AutoNation(AN) to investors, presumably to cover redemptions, but it looks like Mr. Lampert is not willing to part with shares of Sears. The WSJ reports, based on public...
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Has The End Begun For Sears Holdings? CIT Stops Financing Sears Vendors
Sears Holdings(SHLD) can’t seem to catch a break. After weeks of falling, Sears stock rallied 8% today on no news. Shareholders should cut their rejoicing short after tonight’s report from Bloomberg that CIT(CIT) will no longer finance vendors for their sales to Sears. CIT would not confirm reports, but Sears spokeswoman Kimberly Freely confirmed...
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Map And Initial Analysis Of 79 Sears Closings Announced Today
Earlier this week, Sears Holdings(SHLD) announced plans to shutter 100-120 stores. Today, the company released a pdf listing 79 stores to be closed, with more to be announced. I’ve converted this to a spreadsheet and mapped them View Sears Holdings 12/29/2011 Closings in a full screen map Of the stores closing 38 are Kmarts,...
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Softer And Softer Side Of Sears Holdings
It looks like Edward Lampert has lost another round in his great experiment with retail. Neither of the two major brands that comprise Sears Holdings(SHLD) were in good shape when he purchased them. He famously purchased Kmart in bankruptcy, buying debt for pennies on the dollar and emerging from bankruptcy with a controlling stake(despite...
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After Years of Drift, a New Approach at Sears
Perrenial value trap Sears Holdings(SHLD) is the subject of an excellent article at Bloomberg Businessweek. After Eddie Lampert’s initial success buying Kmart bonds in bankruptcy, hoped were high that through its merger with Sears, he would be able to monetize undervalued real estate and invest the proceeds elsewhere. Aside from some muddling with credit...
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