-
Sears Gets Temporary Reprieve: Lampert Has Hours To Raise $120 Million
Wednesday, January 9, 2019 - 12:16pm | 451Sears Holding Corp (OTC: SHLDQ) Chairman Eddie Lampert has until 4 p.m. Wednesday to come up with a $120 million cash down payment in a last-minute bid to keep the iconic retail chain in existence. Sears agreed in principle Tuesday to consider Lampert’s latest takeover bid —...
-
Sears Declares Bankruptcy, Lampert Steps Down As CEO
Monday, October 15, 2018 - 8:28am | 501Over the last five years, Sears Holdings Corp (NASDAQ: SHLD)'s stock has fallen nearly 100 percent. Now, near it’s seeming nadir, Sears continues to plummet. What Happened On Monday, management declared Chapter 11 bankruptcy and announced an immediate CEO change for the 126-year-old...
-
Sears Could Be One Step Closer To Bankruptcy
Wednesday, October 10, 2018 - 8:57am | 378Struggling retailer Sears Holdings Corp (NASDAQ: SHLD) is reportedly one step closer towards filing for bankruptcy after being in business for 125 years. What Happened Sources close to the situation told The Wall Street Journal the parent company of Sears and Kmart hired the services of M-III...
-
Sears To Close 72 More Stores As The Retailer Continues To Struggle
Thursday, May 31, 2018 - 12:31pm | 366Struggling department store chain Sears Holdings Corp (NASDAQ: SHLD) disappointed investors with another round of store closures in conjunction with its first-quarter results, which sent shares lower by 10 percent. What Happened Sears said Thursday it lost $3.93 per share in the first...
-
XPO Logistics Could Be Big Winner From Sears-Amazon Deal
Thursday, July 20, 2017 - 11:12am | 330Sears Holdings Corp (NASDAQ: SHLD) announced on Thursday it will begin selling its complete line of Kenmore branded appliances on Amazon.com, Inc. (NASDAQ: AMZN) platform. While Sears' announcement is earning the praise of investors based on a
-
A Former Sears Exec Just Trashed The Company's Current Management
Thursday, June 8, 2017 - 1:48pm | 399Sears Holdings Corp (NASDAQ: SHLD) is fighting hard to remain relevant in the retail environment, but at least one former executive isn't offering any moral support or encouragement. In an interview with TheStreet, Sears Canada's former CEO Mark Cohen blasted the company, including its most senior...
-
Sears Is Pushing Back Against Suppliers Taking Advantage Of Its Woes
Tuesday, May 16, 2017 - 11:39am | 394Sears Holdings Corp (NASDAQ: SHLD)'s CEO Eddie Lampert said in early May that while his company may be struggling it most certainly isn't going bankrupt in the near term. The executive commented during the company's annual general meeting that anytime the word bankruptcy is used consumers can't "...
-
Benzinga's Bulls And Bears For The Past Week: The Good, The Bad, The Ugly In Retail
Sunday, May 14, 2017 - 1:14pm | 701Benzinga has featured a look at many investor favorite stocks over the past week. Earnings reports from big retailers brought plenty of attention on retail stocks. The industry's woes continue, but it wasn't all bad news this week. The markets remain close to all-time highs and feel pricey to...
-
Sears CEO Eddie Lampert Says Using The Word Bankruptcy Is 'Very Unfair For Us'
Wednesday, May 10, 2017 - 3:36pm | 437There are many words to describe Sears Holdings Corp (NASDAQ: SHLD) current state of business: troubled, struggling, cash-strapped, unpopular. But don't use the coveted 'b' word to describe the business as it isn't going bankrupt, at least according to CEO Eddie Lampert. "It...
-
4 Crazy Wall Street Stories That Hollywood Should Pounce On
Saturday, February 25, 2017 - 12:24pm | 665Academy Award-winning actor Matthew McConaughey stars in the new movie “Gold,” which tells the story of fraudulent Canadian gold mining company Bre-X. Bre-X is only one of hundreds of crazy Wall Street characters and stories fit for the big screen. Here are four crazy Wall Street...
-
Sears Surges 40% Amid Cost-Cutting Initiatives, Updated Guidance
Friday, February 10, 2017 - 10:02am | 383Shares of troubled retailer Sears Holdings Corp (NASDAQ: SHLD) soared by nearly 50 percent Friday morning after the company issued details on its next phase of strategic transformation. Sears' stock has been sitting near all-time lows as investor confidence in a turnaround remain low. Game...
-
Eddie Lampert Holds $370 Million Of Sears And Isn't Selling
Thursday, December 8, 2016 - 12:05pm | 410The S&P 500 has had quite a run to brand new all-time highs in 2016. Sears Holding Corp (NASDAQ: SHLD) has not enjoyed the fun. The battered retailer is down another 42.6 percent in 2016 and is now down 93.2 percent in the past decade. While a number of Sears investors may have given up...
-
How Did Sears' Latest Quarter Compare To J.C. Penney's Quarter?
Thursday, December 8, 2016 - 9:53am | 350Sears Holdings Corp (NASDAQ: SHLD) reported Thursday morning its third-quarter results, which were better than expected but still show no sign of a profitability turnaround. Sears said it lost $3.11 per share in the third quarter on revenue of $5.03 billion. Wall Street analysts were expecting the...
-
Can Sears Survive? CEO Eddie Lampert Made A $300 Million Bet It Can
Friday, August 26, 2016 - 8:31am | 343Struggling retailer Sears Holdings Corp (NASDAQ: SHLD) received a new lifeline this week when its CEO and largest shareholder, Edward "Eddie" Lampert, provided a $300 million loan on Thursday. As noted by Bloomberg, "It's Eddie to the rescue once again at Sears" — because other capital raise...
-
Credit Suisse: Sears REIT Seritage Asset Quality 'Better Than Expected'
Sunday, July 5, 2015 - 2:34pm | 1010Sears Holdings Corp (NASDAQ: SHLD) new REIT Seritage Growth Properties, is anticipated to start trading July 6, on the NYSE under ticker symbol SRG. Seritage will initially consist of 266 properties, totaling ~42 million square feet of "boxes," with Sears and Kmart as the primary...