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Seeking to protect its fragile spot as the No. 1 appliance retailer in the United States, Sears is testing a new, smaller-format specialty store that is roughly one-tenth the size of its big-box department stores and could roll it out more quickly if the pilot works. In a blog post on Thursday, Sears said it was opening the first such location, a 10,000 square foot Sears Appliances store on Tuesday. The location, in Fort Collins, Colorado, is the first of a handful expected to open this year ahead of a potentially much larger rollout if the test works. Sears Appliances will offer the top 10 brands of refrigerators, dishwashers, washers, dryers, ranges, wall ovens, and vacuum cleaners. It will also will offer in-store consultations, as full sized Sears locations do. The move, first outlined at Sears Holdings’ annual meeting earlier this week, could help Sears push back arch-rival J.C. Penney’s recent return to selling appliances after 33 years. Penney said earlier this week it would start selling home appliances like refrigerators and washing machines by General Electric, Hotpoint, LG, and Samsung at 500 of its roughly 1,000 stores after a 22-store pilot proved successful.
That retailer, enjoying something of a comeback, is clearly betting it can scoop up appliance-shoppers heading to malls where Sears has closed stores or attracting fewer shoppers. Sears and Penney co-anchor about 456 malls. Despite its problems, Sears remains the top retailer of home appliances in the United States, with sales of more than $4 billion last fiscal year, helped by leading brands including its own Kenmore line. And though that business has been pressured by the store closings, the industry is expected to keep growing: Euromonitor International estimates the U.S. home appliance industry had $29 billion in revenue in 2015, on the way to $38 billion by 2020. So Sears can scarcely afford to lose any of its appliances business, a rare bright spot for a retailer whose parent company (it also owns Kmart) has lost more than $8 billion in the last five years. Sales in other categories such as apparel have been abysmal. In February, Sears Holdings reported its 11th straight year of comparable sales declines.
The company has also closed hundreds of stores, recently announcing the shuttering of another 78 Sears and Kmart stores. The latest closing will leave Sears with fewer than 700 namesake department stores, compared to 860 in 2008. The appliance stores will help Sears maintain a retail presence for its appliance business even as it pares its big-box fleet. The strategy echoes that of Kohl’s , which recently launched a chain of 35,000 square-foot stores to head off weak sales, and of Target , which is also diversifying away from big boxes. Amid the sales bleed of the last years, Sears has shed assets and leasing space in poor stores to raise billions in much-needed cash as it tries to turn itself into a retailer that is less reliant on its physical locations. It is deploying new online services and a loyalty program called Shop Your Way. But so far, it has little to show for its efforts.Okay, so why This Full House? Right, so it's a blog about 6 people (3 teens, 1 tween and 2 totally uncool parents), living in a 7 room house (yep, at the same time!) in New Jersey (YES!
and boy do we have stories, enough said. Feel free to visit with us over at our main blog my about page, but mind the killer dust bunnies -- THEY BITE!!!upright vacuum cleaner for pet hair FEEL FREE TO UPDATE YOUR FEED AND/OR VISIT OUR MAIN BLOG TO SEE NEW POSTS, WE'LL KEEP THE PORCH LIGHT ON FOR YA!hoover vacuum cleaners reviews ukKmart boasts more than 115 years experience in the retail industry, offering great values on everything from apparel and home furnishing to tools and small appliances. hepa shop vacuum cleanerMore than a century later, the company’s taken its savings game online, offering Kmart promo codes, online layaway plans, and more. team, or browse deals and promos by category, including:
How Does Kmart’s Shop Your Way Rewards Work? Kmart makes it easy to sign up and use your free Shop Your Way account. , and then hit the “Join or Activate” button at the top of the next page. After you fill out a bit of information (name, email, etc.) you’ll be ready to start earning points. Or, you can sign up for a Shop Your Way Max membership for just $7 a month, and get free shipping for your first three months with a Kmart coupon. , complete with deals of the day, recommendations, trends, and more. Be sure to check out the “My Coupons” section of the site to get members-only deals that are hand-picked especially for you. and still get your rewards points. Just be sure to enter your 16-digit member number at checkout. After you set up your account, you can use the link above to get your 15% bonus savings until Dec. 8. Print out the physical coupon and then type the 16 digit code (it’s under the UPC symbol) into the promo code field when you’re checking out online.
Does Kmart SYWR Work at Sears?After you sign up, click on the “Stores” category in the left-nav to check out the latest offers from a variety of retailers in your local area. My feed includes Auto Center, Sears, and even a Toyota dealership. How Do I Check My Shop Your Way Rewards Balance? , right next to a little shopping bag graphic. Click on the graphic to find out how much money your rewards points are worth, get your PIN #, print out a copy of your rewards card, or to find out how close you are to reaching VIP status. VIP members earn special benefits and rewards, like discount oil changes, access to VIP-only events, and exclusive discounts. Here’s how much you’ll need to spend to reach each of the VIP levels: Is there a Shop Your Way iPhone App?You’ll find the app in the iTunes store under the name “Shop Your Way.” The app is by Sears Brands, LLC. How Do I Become a Shop Your Way Bonus Member? To reach Bonus Member status you’ll need to make sure you sign up with a valid email address.