Sears Holdings Corp

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Retail & consumer

Sears purchased by hedge funder Eddie Lampert, staves off bankruptcy

Lampert's ESL Investments is finally approved to buy the iconic retail giant amid protests from creditors...

on 02/08/2019
Retail & consumer

Beleaguered Sears nears financing deal to stay open until Christmas to stave off bankruptcy, says CNBC

The retail chain would need to close some of its stores immediately as part of the deal...

on 10/12/2018
Retail & consumer

Sears names new independent director amid report it is skipping paying vendors

The iconic company appears to be teetering on the verge of going out of business...

on 10/11/2018
Retail & consumer

Sears reports 2Q beat on revenue, mostly coming off store closures

Company still struggling to return to profitability as it shutters more stores...

on 09/14/2018
Retail & consumer

Sears CEO’s hedge fund throws ‘critical’ lifeline to buy Kenmore brand for US$400mln

Eddie Lampert has proposed signing a tentative deal and then allowing Sears to shop for a competing offer before closing the deal within 60 to 90 days...

on 08/15/2018
Retail & consumer

Sears expands its tire partnership with Amazon.com

Sears is expanding its partnership with Amazon to provide full-service tire installation to online customers...

on 06/13/2018
Retail & consumer

Sears to close 72 unprofitable stores after missing market's fiscal 1Q profit estimate

The beleaguered retailer is targeting 100 of its loss-making stores and will start the process of closing 72 of them imminently...

on 05/31/2018
Retail & consumer

Sears gathers special committee to review asset sales, including its Kenmore brand

The Kenmore brand, as well as home improvement products and parts-direct division may be up for sale...

on 05/14/2018
Retail & consumer

Sears CEO says the fight to restore the struggling retailer will continue

The retailer recently announced a tire deal with Amazon, sending it shares soaring...

on 05/10/2018
Retail & consumer

Sears Auto Centers teams up with Amazon to provide full-service tire installation

Amazon's customers will select tires online and choose a Sears location, which will install them...

on 05/09/2018
Industry & services

Midday Movers: Alcoa, Alaska Air Group, Sears Holdings and more

Under Armour vaults higher on a Deutsche Bank upgrade while Alcoa craters on Russia decision...

on 04/23/2018
Retail & consumer

Sears slides on poor sales even as retailer posts fourth-quarter profit due to tax benefit

Sears Holdings chairman and CEO Edward Lampert said the group "must substantially improve our sales and gross margin performance" to "ensure our long-term viability" ...

on 03/15/2018
Retail & consumer

Sears agrees US$100mln of new financing

"We are actively pursuing transactions to adjust our capital structure"...

on 01/10/2018
Retail & consumer

Sears' shares surge more than 25% in premarket after third quarter loss narrows

The department store chain said it would continue to look to diversify revenue streams through third-party partnerships, and build on momentum around appliances and mattresses...

on 11/30/2017
Retail & consumer

Sears sells further 140 stores to fund pension plan as it reports third quarter loss

The owner of Sears and Kmart stores warned that it would post a third quarter loss of between US$525.0mln and US$595.0mln...

on 11/08/2017
Industry & services

Whirlpool sucked down by top line and bottom line misses

On top of that, after more than a hundred years, Sears is to stop stocking Whirlpool products...

on 10/24/2017
Retail & consumer

Kohl’s becomes the latest bricks-and-mortar retailer to partner up with Amazon

The Wisconsin-based retailer has unveiled plans to roll out a “smart home experience” in ten of its stores next month, just before the start of the busy holiday season...

on 09/06/2017
Retail & consumer

Lands’ End sees second-quarter sales beat estimates, though loss per share bigger than expected

The NYSE-listed retailer posted quarterly revenue of US$302.2mln, up from US$292.0mln a year earlier, ahead of the US $293.0mln consensus estimate...

on 08/31/2017
Retail & consumer

Sears Holdings shares rise after better-than-expected quarter

Sears reported a quarterly loss, of US$1.16 per share, but, that was much better than Wall Street expected...

on 08/24/2017
Retail & consumer

Sears to axe 400 full-time jobs in effort to cut costs as part of restructuring

Sears has so far achieved US$1bn in annualised cost savings in its overhaul of the business...

on 06/13/2017