|Bid||2.37 x 1200|
|Ask||2.46 x 1800|
|Day's range||2.36 - 2.48|
|52-week range||1.99 - 10.76|
|PE ratio (TTM)||N/A|
|Earnings date||22 Aug 2018 - 27 Aug 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||2.00|
MARKET PULSE Shares of real estate investment trusts focused on malls jumped Thursday after the Supreme Court ruled that states may collect sales taxes on internet companies that do not have a physical presence in their states.
A 10,000-square-foot small-format Kmart recently opened inside a Sears store in Brooklyn. Sears Holdings also plans to test Sears appliance shops inside some of its Kmart stores.
The department store chain is also about to start testing mini Sears shops, selling appliances, inside its Kmart locations.
Despite years of cutting costs and closing unprofitable stores, this brick-and-mortar retailer is still losing huge amounts of money.
After struggling for years, some old-fashioned retailers are beginning to see dividends from their investments in e-commerce and other initiatives.
Lands’ End manufactured the plum-colored uniforms, designed by Zac PosenDelta Air LinesZac Posen designed the new Delta Air uniforms, which were manufactured by Lands’ End. Lands’ End Inc. said its first-quarter sales got a 12% boost, driven by Delta Air Lines Inc. after the apparel company delivered new uniforms to 64,000 of the airline’s employees in late May. The deal was part of the Lands’ End Outfitters business, which also got a number of new school uniform accounts and is in the planning stages for American Airlines Group Inc. (AAL) uniforms.
Sears Holdings Corp. shares rose 8.1% on Tuesday after the retailer said it had expanded its partnership between its Sears Auto Centers and Amazon.com Inc. to 118 locations. Sears announced last month that it started allowing customers to ship tires to 47 Sears Auto Center locations to have them installed. Now the tire service has been added to 71 stores.
Lands’ End Inc. investors may be warming back up to the retailer as it further breaks free from former parent Sears Holdings Corp. by shuttering more in-store shops in favor of smaller standalone locations. The one-time Sears unit has been phasing out its sites situated inside the struggling chain, halving its number of in-Sears shops since the 2014 split. “Some people have an affinity for Sears and some people don’t,” Chief Executive Officer Jerome Griffith said in a telephone interview before first-quarter results were released.
When investors were betting that Amazon would crush every traditional retailer, it didn’t matter how their online sales were doing. At the far ends of each group are Macy’s, which continues to beat analyst expectations, and Sears, whose tailspin appears to be accelerating. A study by research firm Edison Trends highlights the divergence among traditional retailers.
In March, Sears Hometown started a print, digital and television marketing campaign, including the company’s first-ever national TV ads, to highlight its stores, emphasizing that the locations are independently owned and run by people who don’t work for Sears. Sears Hometown said most of the closings in the second quarter will occur before the expiration of leases or dealer agreements. In the first quarter, Sears Hometown closed about 20 stores.
While e-commerce platforms like Amazon.com (AMZN), Etsy (ETSY), and eBay (EBAY) have been cast as villains in the downfall of traditional retail (before the recent revival, that is), they were often seen as allies for small merchants or startups who could use their reach to attract a wider audience. Although it has global reach, Gambio is also Germany's top e-commerce solution provider (which also accepts cryptocurrency payments), and Hötzinger says that the firm receives plenty of feedback about trends that its clients are focused on, including mobile-only solutions, seamless checkout, same-day delivery, and chatbots powered by artificial intelligence.
J.C. Penney is barely profitable, and comp sales growth has been virtually nonexistent since the beginning of 2016. Nevertheless, J.C. Penney stock could actually be a good (albeit risky) investment.
LM Otero/AP Sears says it's closing another five stores, on top of 63 closings it announced on May 31. The full list of closings includes 15 Kmart stores and 53 Sears stores. The company disclosed the list of 63 closings as it announced that revenue dropped by more than 30% for the quarter, to $2.
Amazon (AMZN) isn’t done enhancing the appeal of its Prime membership program, whose price it recently hiked to $119 from $99 per year. The company recently began delivering beer and wine to its Prime customers in South Florida, according to a report by the Sun-Sentinel. The company is delivering wine and beer products to customers’ doorsteps free of charge within two hours.