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 Holdings Corporation
Sears, Kmart Drop 31 Trump Home Items From Their Online Shops
Major U.S. retailers Sears and Kmart this week removed 31 Trump Home items from their online product offerings to focus on more profitable items, a spokesman said on Saturday. The decision follows retailer Nordstrom Inc’s announcement this week it had decided to stop carrying Ivanka Trump’s apparel because of declining sales, prompting President Donald Trump to take to Twitter to defend his daughter.
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.
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.
Sears To Replace Employee Discount Program With New Points Program
Sears Holdings Corp. will replace its associate discount program with a new associates points program that will award points and other perks through the company’s Shop Your Way loyalty program, effective Jan. 29. With the current system, a discount is taken on items at the time of purchase. Under the new points program, associates will receive 20% back in points on softlines categories, such as clothing, and 15% back on hardlines purchases, such as home furnishings and appliances, according to company spokesperson, Howard Riefs.
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.
Good Luck With This One FTC: Craftsman Tries Becoming Competitor to Itself
The deal is unusual because Stanley will lease the brand back to Sears and two different versions of the Craftsman brand will compete against each other. Stanley Black & Decker ‘s plan to acquire the storied Craftsman tool brand from Sears Holdings for up to $900 million will force the Federal Trade Commission to grapple with some novel antitrust questions.
Why Regeneron Pharmaceuticals, Sears Holdings, and Shake Shack Slumped Today
Friday was another record day for the stock market, with the Dow climbing above 19,999 without quite making it the final point higher to 20,000 before falling back toward the end of the day. A mixed jobs report seemed to give investors the perfect balance between economic strength and weakness, and market sentiment remained positive to frustrate those who had anticipated a quick pullback from the post-election rally once 2017 began.
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.
Sears closing store and auto center in Hudson Valley
A Sears department store in the Hudson Valley is closing in the new year, putting nearly 100 people out of work. The Middletown Times Herald-Record reports that 96 jobs in the department store and auto center located at Galleria at Crystal Run will be lost, according to a notice published on the state Department of Labor website.
3 Troubled Companies and How to Play Them in the New Year
The share prices of Mylan, Sears and Endo International fell dramatically in 2016, and the companies face significant challenges ahead. On a day of light economic news, the three major indices fell slightly Friday.
What Happened in the Stock Market Today
Cempra, a biotech focused on bacterial infectious diseases, slumped 58% after the Food and Drug Administration rejected two drug applications related to its lead product, solithromycin. The applications applied to oral and intravenous versions of the drug aimed at treating community-acquired bacterial pneumonia, or CABP.
Why Sears Holdings, GNC Holdings, and Pengrowth Energy Slumped Today
Friday once again was a letdown for those who had hoped that Dow 20,000 would happen at some point during the week. Stocks gained slightly, but the Dow’s rise was limited to 15 points, leaving it 66 points shy of the fabled milestone.