Sears Holding Corporation; parent of Sears & Kmart Symbol: SHLD

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- Sears K-mart  

3333 Beverly Road
Hoffman Estates, IL 60179
United States
+1-847-2862500 (Phone)

www.searsholdings.com

Oct. 15, 2018 Sears Holdings Corporation ("Holdings," "we," "our," or the "Company") (NASDAQ: SHLD) today announced a series of actions to position the Company to establish a sustainable capital structure, continue streamlining its operating model and grow profitably for the long term. To facilitate these actions, the Company and certain of its subsidiaries have filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York (the "Court").

October 2018 Summary (prior to Chapter 11 filing): About Sears Holdings Corporation Sears Holdings Corporation (NASDAQ: SHLD) is a leading integrated retailer focused on seamlessly connecting the digital and physical shopping experiences to serve our members - wherever, whenever and however they want to shop. Sears Holdings is home to Shop Your Way®, a social shopping platform offering members rewards for shopping at Sears and Kmart as well as with other retail partners across categories important to them. The Company operates through its subsidiaries, including Sears, Roebuck and Co. and Kmart Corporation, with full-line and specialty retail stores across the United States. For more information, visit www.searsholdings.com.

October 2013 Summary: Sears Holdings Corporation (Holdings) is a retailer with 2,172 full-line and 1,338 specialty retail stores in the United States operating through Kmart Holding Corporation (Kmart) and Sears, Roebuck and Co. (Sears) and 500 full-line and specialty retail stores in Canada operating through Sears Canada Inc. (Sears Canada), a 95%-owned subsidiary. The Company operates in three segments: Kmart, Sears Domestic and Sears Canada. As on January 28, 2012, it had 38 domestic supply chain distribution centers, of which 12 were owned and 26 were leased for terms ranging from 3 to 5 years. Of the total, 11 primarily support Kmart stores, 23 primarily support Sears stores and four support both Sears and Kmart stores. On December 31, 2011, the Company completed the spin-off of its interest in Orchard Supply Hardware Stores Corporation. In April 2012, it sold eleven Sears full line store locations to General Growth Properties. In April 2012, it added MetaScale as a wholly owned subsidiary.

November 2004 News:  Kmart is buying Sears, Roebuck & Co. for $11 billion.  The deal will create the third-largest retailer in the country. The new company, known as Sears Holdings, will be based at Sears headquarters outside Chicago.  While the new company will operate both Sears and Kmart stores, "several hundred" Kmarts will be converted to Sears, Sears Chairman Alan Lacy said at a news conference. The companies currently operate about 3,500 stores combined.

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