|Bid||3.5700 x 1700|
|Ask||3.5800 x 3100|
|Day's range||3.5300 - 3.7700|
|52-week range||3.0900 - 14.3200|
|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|
The outlook looks favorable for retail in 2018 with tax reform likely to help sales. Retailing needs innovation and a steady flow of fresh, new ideas that will spur customers to shop. VF Corp. is showing the way.
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.
NEW YORK (AP) — 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 distressed companies. Gorman referred to the "principal" question, not the "principled" question.
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.
Sears shares jumped as much as 7 percent as the cash injection and a forecast for a narrower fourth-quarter loss overshadowed the 16 percent to 17 percent drop in comparable-store holiday sales. Sears, led by billionaire Eddie Lampert, also said it was in talks with lenders to reduce interest expense and extend maturities on more than $1 billion of its debt. Sears has been aggressively shuttering stores and cutting jobs in a bid to return to profitability in 2018 after six years of losses.
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 ...
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 ...
A rash of store closures and bankruptcies last year prompted some investors to bet against debt tied to the retail property sector. The wager against commercial mortgage-backed securities largely has focused on the CMBX 6, a little-known credit default swap index that tracks the values of bonds backed by mortgages on malls as well as office buildings and other commercial properties.
After closing roughly 400 stores during fiscal 2017, Sears Holdings has decided to close more than 100 additional locations this spring.
Stocks that moved substantially or traded heavily Friday: Constellation Brands Inc., down $5.91 to $219.88 The beer and wine maker disclosed weaker sales than Wall Street had forecast. Sonic Corp., up ...