Sears Holdings Corporation stock price

Sears Holdings Corporation latest news:


  • 02/20/2018 14:50:23

    BRIEF-Sears Hometown And Outlet Stores Inc Announces $40 Million Term Loan

    * SEARS HOMETOWN AND OUTLET STORES INC ANNOUNCES $40 MILLION TERM LOAN

  • 02/16/2018 15:17:52

    Sears brand name deteriorates in value as sales suffer

    If Sears fails to execute a turnaround and ends up in bankruptcy, the company's storied brand name could yet live on.        

  • 02/15/2018 15:25:00

    Sears takes hit as value of name drops

    The struggling department-store chain has marked down the value of the Sears name and its other brands for three consecutive years.

  • 02/01/2018 16:09:06

    Sears turns to CEO to borrow money - again

    Sears , which has already borrowed hundreds of millions of dollars from its CEO Eddie Lampert has gotten another loan as it tries to shore up its finances        

  • 02/01/2018 08:08:45

    Sears may not be able to make cost cuts fast enough, analyst says

    Despite the latest cuts at Sears Holdings Corp. , one analyst says it's possible the company won't make cuts quickly enough to get back on track. Neil Saunders, managing director at GlobalData Retail detailed his two primary fears. "First, that Sears will not be able to cut fast enough to put the company on an even keel," he wrote. "Second, that even with deep cuts, Sears may still fall short of being profitable at an operating level." Increased sales, which is necessary for a turnaround "remains elusive." Sears cut 220 workers across various business units and roles, mostly at its Hoffman Estates headquarters, the company confirmed. The cuts are effective immediately and are part of a previously announced restructuring. Sears will provide severance and "transition assistance," the company said in a statement. Sears says it realized $1.25 billion in annualized cost savings in fiscal 2017. Sears shares are unchanged in Thursday premarket trading and are down 61.4% for the past year. The S&P 500 index is up nearly 24% for the last 12 months. 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.

  • 02/01/2018 07:04:21

    Sears may not be able to make cost cuts fast enough, analysts say

    Despite the latest cuts at Sears Holdings Corp. , analysts say it's possible the company won't make cuts quickly enough to get back on track. Neil Saunders, managing director at GlobalData Retail detailed his two primary fears. "First, that Sears will not be able to cut fast enough to put the company on an even keel," he wrote. "Second, that even with deep cuts, Sears may still fall short of being profitable at an operating level." Increased sales, which is necessary for a turnaround "remains elusive." Sears cut 220 workers, mostly at its Hoffman Estates headquarters, according to The Chicago Tribune. The cuts are effective immediately and are part of a previously announced restructuring. Sears shares are unchanged in Thursday premarket trading and are down 61.4% for the past year. The S&P 500 index is up nearly 24% for the last 12 months. 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.

  • 01/31/2018 14:15:43

    Sears lays off roughly 220 corporate workers 'effective immediately'

    Sears lays off roughly 220 employees in latest burst of bad news for the beleaguered retailer which has been shutting stores, selling assets and renegotiating debt to stay afloat        

  • 01/31/2018 14:14:04

    Sears lays off 220 workers at headquarters

    Sears Holdings Corp. says it's laying off 220 workers primarily at its headquarters in Hoffman Estates, Illinois as it struggles to turn around its ailing business.

  • 01/31/2018 14:04:10

    Sears is laying off roughly 220 employees

    Sears lays off roughly 220 employees in latest burst of bad news for the beleaguered retailer which has been shutting stores, selling assets and renegotiating debt to stay afloat        

  • 01/31/2018 13:56:26

    Sears is cutting roughly 220 jobs in its corporate offices

    Sears lays off roughly 220 employees in latest burst of bad news for the beleaguered retailer which has been shutting stores, selling assets and renegotiating debt to stay afloat        

  • 01/26/2018 13:26:44

    Sears shares plunge after its credit rating drops

    S&P dropped its credit rating for Sears, signaling that recent moves by the retailer are failing        

  • 01/23/2018 12:34:28

    Fitch downgrades Sears ratings after news of distressed debt exchange

    Fitch Ratings downgraded Sears Holdings Corp.'s ratings to C from CC, after the company announced a distressed debt exchange. The company said it has commenced an exchange various tranches of debt held by Sears and its Kmart business. The news comes after the department store chain said in early January that it is in talks with certain lenders to amend the terms on more than $1 billion of non-first-lien debt, to reduce the interest expense and extend maturities. The exchange involves pay-in-kind notes, that allow the company to make interest payments with more debt. "Fitch views these exchanges as a distressed debt exchange (DDE), given extension of maturity date and the change in interest from cash-pay basis to PIK, and assumes that the collateral base for the secured debt will remain unchanged post the exchange," said the rating agency. Sears most active bonds, the 6.625% notes that mature in October of 2018, fell about 1 point to trade at 83.05 cents on the dollar, to yield 35.073%, according to MarketAxess. Shares were down 1.5% and have lost 64% in the last 12 months, while the S&P 500 has gained 25%. 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.

  • 01/23/2018 05:17:46

    BRIEF-Sears Holdings Announces Intention To Commence Private Exchange Offers

    Sears Holdings Corp(SHLD): * SEARS HOLDINGS ANNOUNCES INTENTION TO COMMENCE PRIVATE EXCHANGE OFFERS FOR OUTSTANDING 8% SENIOR UNSECURED NOTES DUE 2019 AND 6 5/8% SENIOR SECURED NOTES DUE 2018 AND PURSUE NEGOTIATED EXCHANGE OF CERTAIN OTHER INDEBTEDNESS.

  • 01/16/2018 14:55:09

    BRIEF-Fairholme Capital Management's Bruce Berkowitz Sells 567,600 Common Shares Of Sears Holdings

    Sears Holdings Corp(SHLD): * FAIRHOLME CAPITAL MANAGEMENT'S BRUCE BERKOWITZ REPORTS SALE OF 567,600 COMMON SHARES OF SEARS HOLDINGS CORP ON JAN 11 AT $3.45 PER SHARE - SEC FILING Source text- http://bit.ly/2DlwpN9 Further company coverage:

  • 01/10/2018 19:40:00

    The Sears Holdings Death Spiral Continued Over the Holidays

    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.

  • 01/10/2018 11:26:43

    UPDATE 3-Sears raises $100 mln in new funding, sees holiday sales drop

    Jan 10 (Reuters) - Sears Holding Corp said on Wednesday it received $100 million in new funding as it tries to shore up cash to stay afloat after years of losses, and that its sales plunged in the key holiday season.

  • 01/10/2018 10:55:04

    Sears raises $100 mln in new funding

    Sears raised $100 million in new funding and forecast a smaller loss in the fourth quarter, sending its shares higher.        

  • 01/10/2018 10:54:40

    Sears 'will consider all other options' if refinancing fails, CEO Eddie Lampert warns

    Department-store chain Sears Holdings warned Wednesday that it recorded a net loss in the fourth quarter, which included the holiday shopping season.        

  • 01/10/2018 09:01:53

    Sears raises $100M in new financing, eyes $200M in cost cuts

    Sears is raising $100 million in new financing, will seek twice that from other sources, and will attempt $200 million in additional cost cuts this year

  • 01/10/2018 07:45:51

    Sears Seeks More Refinancing After Big Q4 Sales Dip


  • 01/09/2018 12:54:08

    Lands' End opening stores amid shrinking Sears footprint, partnering with The Weather Channel

    Lands' End Inc. said Monday that it has a new store concept that will launch in Chicago this year with plans to open four-to-six other locations. Over the next five years, the company will open between 40 and 60 stores. Lands' End has about 180 locations in Sears Holdings Corp. stores, according Jerome Squire Griffith, Lands' End chief executive, in a FactSet transcript of his presentation at the ICR Conference. "As you know, the Sears store group is continuing to close stores and our numbers continue to go down," he said. We will not be really relying on Sears in the future for growth for us." Sears announced 100 store closures, including Kmart, last week. "[I]t's our expectation that our Sears business at a point in time will go away and that we'll be talking directly to the consumer through out own stores." Besides stores, Lands' End plans to extend its reach through a partnership with The Weather Channel. "The Weather Channel has a core consumer attribute that is exactly the same as Lands' End with many more customers than what we have," said Griffith. Finally, Lands' End Outfitters, the company's uniform arm which generates about two-thirds of its business, according to Griffith, has a new customer, Delta Air Lines Inc. , which is also the company's biggest client. Lands' End shares are up nearly 2% in Tuesday trading, and up 47.7% for the last three months. The S&P 500 index is up 8.4% for the past three months. 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.

  • 01/05/2018 14:49:51

    Sonic and TiGenix climb; Constellation Brands and Sears fall

    Sonic and TiGenix jump while Constellation Brands and Sears Holdings skid

  • 01/04/2018 15:41:39

    Is your local Kmart or Sears closing?

    More than 100 Sears and Kmart stores will close in the spring, Sears Holdings announced Thursday.        

  • 01/04/2018 15:30:53

    Sears is closing another 103 stores

    Sears is closing another 103 stores and most will close by April.        

  • 01/04/2018 15:27:40

    Struggling retailers are closing more stores, cutting jobs

    Macy's, J.C. Penney, and Sears shares drop on news of store closures and job cuts.        

  • 01/04/2018 14:13:08

    Sears to close more than 100 additional stores

    Sears Holdings to close over 100 more stores as it looks to turn around business

  • 01/04/2018 14:12:54

    Sears to close more than 100 additional stores

    Sears Holdings Corp. will be closing over 100 more stores as the struggling department store chain tries to turn around its business.

  • 01/04/2018 14:05:54

    100+ Kmart, Sears stores to close this spring

    Liquidation sales will start as early as Jan, 12, Sears Holdings said Thursday.        

  • 01/04/2018 13:42:43

    Sears Holdings to close 103 Kmart and Sears stores

    Sears Holdings Corp(SHLD) said on Thursday it was shuttering 103 unprofitable Kmart (SHLD) and Sears (SHLD) stores as it continues to assess the viability of its operations. The department store operator, which has racked up 24 straight quarters of sales declines, said 64 Kmart (SHLD) stores and 39 Sears (SHLD) stores would be closed between early March and early April this year.

  • 01/04/2018 13:35:14

    Sears to close more than 100 stores, including Kmart locations, in March and April

    Sears Holdings Corp. said Thursday that it is closing more than 100 stores in March and April of this year. Sixty-four of the stores will be Kmart locations and 39 will be Sears. Eligible associates will receive severance packages and can apply for open positions at nearby locations. The number of associates affected is not available, according to a Sears spokesperson, who says most of the jobs are part-time positions. Liquidation sales at the impacted stores will begin as early as Jan. 12. The store closures will be nationwide. There were 1,104 stores, 510 Kmart stores and 594 Sears stores, as of Oct. 28. Sears shares are down 4.5% in Thursday trading, and down 65.4% for the past year. The S&P 500 index is up 20% for the last 12 months.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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