|Bid||3.41 x 200|
|Ask||3.72 x 5000|
|Day's range||3.56 - 3.74|
|52-week range||3.09 - 14.32|
|PE ratio (TTM)||N/A|
|Earnings date||7 Mar 2018 - 12 Mar 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||2.50|
Most department store chains have posted surprisingly strong results for the 2017 holiday season. However, these perennial laggards couldn't capitalize on the uptick in consumer spending.
Seritage Growth Properties gets most of its rent from Sears and Kmart. But the numerous store closures at both chains won't hurt Seritage as it works to increase its rental income and diversify its tenant base.
You would think that getting its credit rating cut would cause shares of Sears Holdings (SHLD) to tumble. Shares of Sears have gained 3.7% to $3.64 at 1:44 p.m. today even after S&P Global Ratings lowered its corporate credit rating on Sears to 'CCC-' from 'CCC. Its analysts write that the move reflects their concerns about Sears' discussions with its lenders to restructure potentially more than $1 billion of its non-first-lien debt.
Has Bruce Berkowitz lost faith in Sears Holdings? A little more than half a year ago, our colleagues at The Wall Street Journal profiled the head of Fairholme Capital Management in June. At the time Berkowitz was banking a resurgence partly on Sears (SHLD).
After a bruising year that produced more defaults than at the height of the Great Recession, retailers can look forward to a brighter 2018, but there will still be casualties among the companies that are ...
Membership warehouse chain Sam's Club abruptly closed dozens of locations Thursday even as parent Wal-Mart announced sweeping wage hikes.
Walmart confirmed Thursday that it is closing 10 percent of its Sam's Club warehouse stores — a move that a union-backed group estimated could cost thousands of jobs — on the same day the company announced ...
In a story Jan. 10 about department store chain Sears Holdings Corp. obtaining new financing, The Associated Press incorrectly quoted Jude Gorman, general counsel at Reorg, a research firm that follows ...
The retailer just reported another dreadful sales decline for the November-December period -- and hardly any of its cost reductions are falling through to the bottom line.
Sears Holdings said it had raised $100 million in new financing and is pursuing an additional $200 million from other parties.
Checking in with retail on Wednesday, Nordstrom (JWN) and Sears Holdings (SHLD) are trading up after reporting their holiday sales results, while Signet Jewelers (SIG) hasn't been so lucky. Nordstrom said November and December comparable sales rose 1.2%, and it also raised the bottom end of its full-year guidance, saying it expects to earn between $2.90 and $2.95 a share, up from a previous range of $2.85 to $2.95, but still with a midpoint below the $2.95 consensus. Sears said comparable sales for the first two months of the fourth quarter declined between 16% and 17%, but investors were more interested in the news that it raised $100 million in new financing (and is pursuing an additional $200 million) and identified $200 million in cost savings apart from store closures.
Shares of several major U.S. retail chains surged on Wednesday, including Sears (SHLD), Macy's (M), Kohl's (KSS) and Target (TGT).
Among the companies with shares expected to trade actively in Wednesday's session are Apple Inc., Berkshire Hathaway Inc., Sears Holdings Corp., United Continental Holdings Inc. and Nordstrom Inc..
Sears' same-store sales dropped 16 to 17 percent during the first two months of the fourth quarter.
Sears Holding Corp. said Wednesday it has raised $100 million in new financing and is seeking an additional $200 million from other counterparties. The troubled department store chain said it has also ...
HOFFMAN ESTATES, Ill., Jan. 10, 2018 /PRNewswire/ -- Sears Holdings Corporation ("Holdings," "we," "us," "our," or the "Company") (SHLD) announced today it has raised $100 million in new financing and is pursuing an additional $200 million from other counterparties. In addition, Sears Holdings has amended its existing second lien notes, maturing October 15, 2018, to increase their borrowing base advance rate for inventory and defer their collateral coverage test and restart it with the second quarter of 2018, and is in discussions with certain lenders regarding additional transactions to improve the terms on potentially more than $1 billion of its non-first lien debt. The Company also outlined incremental actions to further streamline its operations to drive profitability, including cost reductions of $200 million on an annualized basis in 2018 unrelated to store closures.
Sears raised $100 million in new funding and forecast a smaller loss in the fourth quarter, sending its shares higher. Aleksandra Michalska reports.