Sears Holding Corp. said its net loss for the quarter ended on Feb. 2 narrowed to $489 million from $2.4 billion a year earlier.

In a surprise move, Sears Holdings Corp. announced that CEO Louis J. D'Ambrosio will step down as CEO, effective Feb. 2, for family health reasons.

Two directors of Best Buy Co. have resigned from the board of the retailer, the company disclosed in a regulatory filing Monday, the Wall Street Journal reported.

A report released Monday by the Associated Press said that Sears Holdings Corp. would be spinning off its Hometown and Outlet stores, along with some hardware stores, into a separate, publicly traded company.

Edward Lampert, chairman of Sears Holdings, presented an ambitious plan to improve the company’s performance that includes updating store layouts and signage and investing in its rewards program, Reuters reported.

In a move to ensure that vendors continue to supply Sears its goods, Sears Holdings Corp.'s top shareholder ESL Investments, a hedge fund owned by Edward Lampert, has agreed to assume some payment obligations.

Sears Holdings Corp. disclosed in a Thursday filing that it plans to spin off its Orchard Supply Hardware Stores Corp. business as a separate, publicly traded company.

Sears Holdings Corp. has named a former technology executive as its new chief executive.

A Tuesday report by the Wall Street Journal said that hedge fund billionaire and Sears Holding Corp. chairman Edward Lampert has reported holding a 5.8% stake in Gap Inc.

Sears Holdings Corp. chairman Edward Lampert told shareholders Tuesday that the chain is preparing to...

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