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Sears Canada Inc. stock price

Sears Canada Inc. latest news:


  • 07/18/2017 09:47:28

    From catalogs to catastrophe: A Sears timeline

    As Sears Holdings Corp. , the parent of Sears and Kmart, follows CEO Eddie Lampert down the fiery road to what will likely be its ultimate demise, remember that the brick-and-mortar once had better days. Now the victim of disruption caused by the rise of Amazon , it's easy to forget that Sears was once the one doing the disrupting. Founded as the R.W. Sears Watch Company in 1896, Sears came to be the saving grace of rural farmers, offering mail-order wholesale at a steep discount when compare to monopolistic general stores. Sears grew to be the dominant force in catalog shopping before opening its first store in Chicago in 1925. Brick and mortar locations subsequently spread throughout the U.S. and eventually internationally. Beyond retail, Sears once encompassed brands including Allstate , Discover , and many more. It wasn't until the end of the millennium that things took a turn as Sears was forced to shut down it's unprofitable catalog business in 1993 and was eventually bought by Kmart under Lampert in 2004. Now, the struggling retailer is struggling to stay alive, as it rapidly closes stores and considers selling its numerous iconic retail brands amid what could be a futile attempt at refinancing. How long will it be until Sears is just another missed question on a history test? More on Sears: Sears Is Still Headed for a Fiery Ugly Death, Despite $200 Million Gift From Its Best Friend Sears Continues on Path to Close All Its Stores -- Here Are 50 Reasons the Company Is Dying We Went to Sears for the First Time in More Than 10 Years and Instantly Saw Why It's Dying We Sent a Millennial to a Decaying Kmart Store and Couldn't Believe the Horrors She Discovered 18 Big Retailers Besides Sears Canada That Have Filed Bankruptcy This Year and Are Near Death Video provided by TheStreet        

  • 07/12/2017 17:55:33

    Lampert to ask court for access to Sears Canada restructuring documents

    Sears Canada Inc(SRSCQ) majority shareholders including Edward Lampert, ESL Investments Inc and Fairholme Capital Management LLC are seeking access to internal documents related to its restructuring, according to a notice of motion posted on Wednesday.

  • 06/28/2017 13:10:08

    Stanley Black & Decker stock price target raised to $150 from $145 by Instinet

    Instinet analyst Michael Wood raised his price target on Stanley Black & Decker Inc. to $150 from $145 on Wednesday, and said he expects the company to benefit strongly from its acquisition of Craftsman and troubles at Sears Holdings Corp. . "Craftsman maintains the highest perceived value of any tools brand, according to a study conducted by YouGov," Wood wrote in a note. "We believe Craftsman sales have been limited by Sears' diminishing retail presence and expect Stanley to quickly ramp both retail partnerships and domestic and sourced capacity." Stanley is currently working "feverishly" to expand capacity at its existing plans and sign contracts for Craftsman, he said. The first production lin is expected to be online by year-end, followed by a flagship Craftsman plant by 2020, he said. In the meantime, Sears is facing mounting problems, that include suppliers that are trying to break their contracts and the recent bankruptcy filing by its Canada unit. "We see an opportunity for Stanley to recapture a portion of what was once $3.5bn in Craftsman retail sales and increase share as Sears' woes mount," he wrote. Stanley shares were up about 1%, and have gained 24% in 2017, while the S&P 500 has gained 9%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 06/28/2017 12:00:46

    Stanley Black & Decker stock price target raised to $150 from $5 by Instinet

    Instinet analyst Michael Wood raised his price target on Stanley Black & Decker Inc. to $150 from $5 on Wednesday, and said he expects the company to benefit strongly from its acquisition of Craftsman and troubles at Sears Holdings Corp. . "Craftsman maintains the highest perceived value of any tools brand, according to a study conducted by YouGov," Wood wrote in a note. "We believe Craftsman sales have been limited by Sears' diminishing retail presence and expect Stanley to quickly ramp both retail partnerships and domestic and sourced capacity." Stanley is currently working "feverishly" to expand capacity at its existing plans and sign contracts for Craftsman, he said. The first production lin is expected to be online by year-end, followed by a flagship Craftsman plant by 2020, he said. In the meantime, Sears is facing mounting problems, that include suppliers that are trying to break their contracts and the recent bankruptcy filing by its Canada unit. "We see an opportunity for Stanley to recapture a portion of what was once $3.5bn in Craftsman retail sales and increase share as Sears' woes mount," he wrote. Stanley shares were up about 1%, and have gained 24% in 2017, while the S&P 500 has gained 9%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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