Assailed by the relentless and merciless rise of e-commerce, brick-and-mortar retailers are struggling to adapt to an increasingly online world. Will this retail destruction continue in the year ahead? And what are the major retail trends that investors should watch? Read on to find out.
Category: Sears
Why Sears Holdings, Infinera, and Ellie Mae Jumped Today
Friday provided another strong finish to a positive week for the stock market, as major market benchmarks once again found themselves at unprecedented heights. The Dow finished with gains of almost 100 points, and the S&P 500 and Nasdaq Composite joined the Dow in record territory.
Susquehanna Sees a Chance to Sell Sears at a Profit
Man, I mean, I thought this company was in trouble 10 years ago , when its stock was trading north of $135 a share. But the bad news just never seems to stop at Sears.
Sears Says to Cut $1B in Costs, Shares Surge
Beleaguered retailer Sears Holdings Corp said on Friday it would cut costs by $1 billion and reduce debt and pension obligations by at least $1.5 billion this year, sending its shares soaring as much as 40 percent. The company also said it had sold five Sears full-line stores and two Auto Centers for $72.5 million in January, and had engaged Eastdil Secured to raise at least $1 billion from the sale of its real estate.
Sears Shares Explode More Than 50% Because Retailer Thinks It Can Stay Alive
With its stock hovering near an all-time low and credit default swaps pricing in the potential for a bankruptcy filing this year, Sears Holdings CEO Eddie Lampert decided to take action. To the extent Sears’ latest tactics are just smoke and mirrors designed to stop the bear raid on its stock, however, is the big question.
Why Sears Holdings Corp. Fell 25% in January
The storied retailer is running out of shareholder confidence. January started with Sears taking out loans from a hedge fund managed by Eddie Lampert, the company’s own chairman and CEO.
Warning Signs Mount on Sears’s Path
The struggling retailer bought some breathing room through moves to raise more than $1.5 billion in recent weeks, but investors are growing increasingly doubtful that Sears will ever get back on track. The cost of insuring the retailer’s bonds hit new highs and its stock price continues to tumble falling 5% Monday to close at $6.52, an all-time low, signaling fresh concerns about the retailer’s future Sparking the latest bout of investor anxiety were downgrades of Sears’s debt last month by Fitch Ratings and Moody’s Investors Service that were prompted by the retailer’s dismal holiday sales and continued losses.
Sears’ sorrows
The 130-year-old company operates one of America’s best-known department store brands, Sears, Roebuck & Company, along with the ubiquitous Kmart chain, and was America’s largest retail company until 1989. But the firm has recently found itself in a crisis as it struggles to turn a profit as Americans increasingly shop online rather than in shopping centres.
Why Sears Holdings Corp Tumbled Again Today
As of 2:54 p.m. EST, shares were down 9.7%. The retailer’s stock began dropping on Wednesday after Fitch Ratings issued a foreboding note on the struggling department-store chain.
These 3 Deals Show Just How Desperate Sears Holdings Is
Sears has time and again had to resort to one-time infusions of cash simply to keep the lights on at its Sears and Kmart stores. Image source: Sears Holdings.
Why Sears Holdings Stock Plunged 27.9% in December
It was just the latest bad month for Sears, as the company’s turnaround efforts over the past decade have been consistently futile. Indeed, Sears Holdings stock has plunged from a peak near $200 in 2007 to single-digit territory.
My ’15 Surprises for 2017′ List
It should come as no surprise that after pulling off U.S. political history’s greatest surprise ever, Donald Trump is the subject of — and catalyst for — the principal events that I’m putting on my annual “15 Surprises for the Coming Year” list. For those of you unfamiliar with this list, it’s my annual rundown of “possible improbables” that smart traders and investors should watch out for.