kmart

Sears Holdings Corp.'s appointment of a new CEO rich in technology expertise but short on retail experience is leaving many wondering what direction the owner of the struggling Sears and Kmart stores is heading.

Kmart shoppers and cost-cutting helped Sears Holdings Corp. boost its profit as the retailer posted its best quarterly profit in three years, the department store chain said Tuesday.

In this Nov. 19, 2009 file photo, shoppers prepare to load their car with purchases from a Kmart store in Somerville, Mass.

To gauge consumers' strain, look no further than the rows and rows of plastic bags awaiting layaway payments at Kmart.

To gauge consumers' strain, look no further than the rows and rows of plastic bags awaiting layaway payments at Kmart.

They are filled with back-to-school basics — not just T-shirts and jeans but notebooks, magic markers and pencils.

Sears Holdings Corp. aims to get an edge over its competition this holiday season by getting shoppers to start saving for Christmas presents now through a new card that mimics an old-fashioned Christmas club account.

He was one of the architects during Kmart's bankruptcy reorganization of a multiyear business plan and helped revitalize a health insurer and a manufactured-home builder.

Now, turnaround specialist Albert Koch is in for perhaps his biggest challenge yet as GM's chief restructuring officer.

Former Kmart Corp. chairman and CEO Joseph Antonini is being sued by five banks accusing him of defaulting on more than $2.3 million in loans and promissory notes.