February 17, 2012

According to an article in the Chicago Sun Times, Sears Holdings Corp. will lay off employees from a variety of departments at its Hoffman Estates, Ill., headquarters.

The layoffs will not affect the retailer's recently approved tax credit from the state of Illinios. The $150 million payroll tax credit take effect next year, and -- according to the article -- requires a minimum of 4,250 headquarters employees.

January 23, 2012

A list compiled by 24/7 Wall St., based on both shareholder and consumer satisfaction, placed Sears in ninth place on the Ten Most Hated Companies in America. The Hoffman Estates, Ill.-based company was one of two retailers – the other being Best Buy at no. 6 – that made the publication’s list. Facebook ranked first on the list, followed by American Airlines and AT&T.

December 14, 2011

The Hoffman Estates, Ill.-based retail giant thanked lawmakers for passing a tax-incentive plan to keep business in the state.

After researching a possible move to Ohio or Texas, Sears yesterday applauded the Illinois General Assembly for its bipartisan support of legislation that Sears said would allow it to maintain its headquarters in Hoffman Estates, Ill.

November 30, 2011

According to an article in Canadian Business, Sears Canada laid off about 70 employees from its Toronto headquarters.

Sears Canada is 92% owned by Hoffman Estates, Ill.-based Sears Holdings, which reported a widened net loss in its recent third-quarter earnings report. Sears Canada comps declined 7.8% in the third quarter.


October 19, 2011

Speaking to Ace Hardware dealers at the co-op's 2011 Fall Convention & Exhibits in Denver, Ace's John Surane clarified Ace's agreement with Sears regarding Craftsman and exclusivity.

"Our agreement gives Ace the exclusive rights to sell the craftsman brand in the convenience hardware channel until the year 2015," Surane told dealers during the General Session in Denver. He added the deal does not prohibit Sears, which owns the Craftsman brand, from selling to big-box retailers or the mass merchants. 

October 12, 2011

Oak Brook, Ill.-based Ace Hardware Co. will unveil its new live goods program in Denver during its Fall Convention & Exhibits Oct. 15 to 17. 

The live goods program was tested at some Northeast retailers with strong results, according to Ace. The new program includes a partnership with BloomIQ.com, offering personalized garden planning tools for customers.

The live goods program is launching nationally in 2012.

October 11, 2011

ProBuild Holdings has confirmed that it is leaving the Chicago market, where it waged a battle with labor union members a year ago. A spokeswoman for the Denver-based pro dealer, the largest in the industry, told Home Channel News that the company would close its Yorkville, Ill., and Westmont, Ill., facilities by Dec. 16.

October 6, 2011

An article in the Cleveland Plain Dealer reported that Sears officials were scouting sites in Ohio for a possible headquarters move.

Although the Hoffman Estates, Ill.-based retailer is considering a headquarters move, no decision to move has been made. Candidates are sites in Ohio and Texas. 

September 1, 2011

The future will factor heavily in the education offered during the two-day HIRI Home Improvement Industry Summit to be held Oct. 19 to 20 in Chicago at the Holiday Inn Chicago Mart Plaza, including a presentation from Walker Smith, executive chairman of The Futures Co.

September 1, 2011

Ace Hardware Corp. said it is continuing to power up its tool department, and Craftsman continues to play a major role -- even as the Sears brand tests the water in other retail outlets.

As the exclusive outlet of Craftsman products in the convenience hardware industry, Ace said it is expecting more of its stores to offer more Craftsman products in the coming months.

August 29, 2011

The two-day HIRI Home Improvement Industry Summit to be held Oct. 19 to 20 in Chicago at the Holiday Inn Chicago Mart Plaza, will kick off with a presentation examining economic turmoil and a view from Wall Street.

Josh Rosenbaum, managing director – global industrial group for UBS, will offer thoughts on the direction of the economy, the possibility of another recession, the mood on Wall Street and the unemployment situation. The presentation will address the hottest issues facing the economy and the industry from a Wall Street perspective.

August 9, 2011

Hoffman Estates, Ill.-based Sears Holdings Corp. is no longer considering Ohio for a possible headquarters move, according to a report from Crain's Chicago Business.

June 24, 2011

Hoffman Estates, Ill.-based Sears Holdings Corp. said it plans to spin off its interest in Orchard Supply Hardware Stores, an 89-store chain that operates in California.

Orchard Supply Hardware -- also known as OSH -- recently named Mark Baker, a former top merchant at The Home Depot, as its CEO. OSH is based in San Jose and posted $660.7 million in sales in 2010, with a profit of $8.7 million.

May 29, 2011

For the fourth year in a row, the Ace Foundation's "Motorcycle Miracle Mission" is hitting the road to raise money for Children's Miracle Network Hospitals.

The event generated $100,000 for the cause in the last three years. Riders will travel the 600-mile route from Oak Brook, Ill. -- headquarters of Ace Hardware -- to Marshfield, Wis., and back July 22-24.

May 11, 2011

Sears Holdings Corp. is researching a possible move of its headquarters and 6,200 jobs out of Illinois, a company spokesman said Monday.

The retailer has had preliminary discussions with the Chicago suburb of Hoffman Estates, where it is located, and has commissioned an economic impact study, according to spokesman Chris Brathwaite.

May 9, 2011

Deerfield, Ill.-based Fortune Brands announced that its Fortune Brands Home & Security business has filed an initial Form 10 Registration Statement with the Securities & Exchange Commission in connection with its proposed spinoff from Fortune Brands.  

The spinoff is part of the company’s proposed plan to separate its three businesses by spinning off Home & Security in a tax-free transaction, selling or spinning off its Acushnet golf business, and remaining a pure-play spirits company to be named Beam. 

May 4, 2011

The Chicago Tribune reported Sears Holdings Corp. CEO Louis D'Ambrosio supplied a strong dose of optimism at the Hoffman Estates, Ill.-based retailer's annual meeting, the day after the company warned of falling sales.

April 1, 2011

Power Equipment Direct, an Internet-only retailer with nine e-commerce sites, has opened its first bricks-and-mortar store -- right down the street from Home Dept, Lowe’s and Sears. According to an article in Internet Retailer, the Bolingbrook, Ill., location, a suburb of Chicago, is adjacent to one of the company’s warehouses, allowing immediate fulfillment of most orders. 

March 14, 2011

James Gee Sr., an early pioneer of the home center concept in the Chicago area, died at his home on March 9, according to an obituary in the Chicago Tribune. He was 93 years old.  

March 7, 2011

Dorvin Lively is the newest member of Ace Hardware Corp.’s upper-echelon management team — the Ace CFO hired three years ago was promoted to executive VP in January 2011. 

Lively talked to Home Channel News about the co-op’s role as a growth engine, and the independent retailer’s fastest routes to high performance. He offers a credible vantage point, and brings a background equally fluent in retail shelves and balance sheets. 

February 23, 2011

Menards is hoping to expand an existing mega store in Tinley Park, Ill.  according to an article in the TribLocal, adding 110,000-square feet to its 202,000-square foot building and 148,000-square-foot lumberyard. The grand total – 360,000 square feet – would make the store the largest unit in the Midwestern home improvement chain.

February 14, 2011

Former Ace Hardware buyer Michael Ross, 51, died unexpectedly on Feb. 13 after a long period of rehabilitation following a motorcycle accident nearly 20 years ago, according to a notice in the Chicago Tribune. 

Ross grew up in Skokie, Ill. He is survived by his brother, Harry Ross.

November 15, 2010

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December 21, 2008

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