The retailer had filed for bankruptcy in October following years of losses and the ouster of founder and CEO Dov Charney.
The clothing retailer has had 13 quarterly losses in a row.
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A profile of Steinem in the spring catalog led to vocal protests from customers who disagree with the feminist icon, but now more people are angry after the company's apology.
Sears' 1800s innovations and market disruption model are still at the core of retail behaviors today. Retail companies would be wise to study this history.
If you work in any of the following professional fields, read on to improve your marketing techniques.
Once the top big-box technology retailer, Circuit City filed for bankruptcy in 2008.
Softbank, the Japanese telecommunications and Internet corporation, will staff a cellphone store with (almost entirely) humanoid Pepper robots for a week.
Ask the Expert
For entrepreneurs that run an ecommerce or brick-and-mortar store, it is important to understand how you will be taxed on your goods.
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We live in a digital world, but we also live in a physical one. Savvy startups can use that to their advantage.
Poor returns policies and cumbersome returns processes are a significant obstacle to future sales.
The company's traditional reluctance to offer promotions has been turning away thrifty customers and a stronger dollar has made purchases more expensive for tourists.
The online retail giant opened its first physical bookstore this past November, and the rest of the retail world should be paying attention.
The recession is why flash sale sites are old news, online-only stores are opening brick-and-mortars and why luxury brands now forgo exclusivity.
Startup Success Stories
When launching their shoe startup BucketFeet, Raaja Nemani and Aaron Firestein had a great idea but no previous experience in manufacturing or inventory management.