Sears
Tax Reform Boosts Sears to a Positive Quarter
Though Sears Holdings was one of few retail groups to fail to benefit from the uptick in holiday spending…
Sears Secures Loan; Swings to Profit
The company completed a secured loan connected to its pension obligations with the PBGC.
Sears Offloads Real Estate in Leaseback Deal
In a scenario that's become familiar as department stores look to downsize and monetize excess real estate…
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Washington Prime, Sears Holdings Agree to Sale-Leaseback
The $28.5M transaction is for four Sears locations, which also have adjacent Sears Auto Centers.
Sears Projects Better Adjusted Bottom Line, Sales Declines
The improvement is due in part to the closure of unprofitable stores in 2017, and net profits are helped by a…
Bruce Berkowitz Tires of Sears
The investor expressed disappointment in Sears' continuing losses in an annual letter.
Sears Lays Off 220 Employees
Sears Holdings is undergoing another round of layoffs.
Sears Holdings Cuts 220 Positions at Corporate Headquarters
The layoffs are part of the company's restructuring efforts.
Sears Holdings Plans Commencement of Exchange Offers for Notes
Even with potential annual cash interest savings of $100M, Fitch still expects the annual cash burn rate to…
S&P Downgrades Sears’ Corporate Credit Rating
S&P believes any restructuring of debt would give lenders less than the "original promise."
Lampert Continues to Insist Sears Holdings Is Viable
The chairman said financial maneuvers, if successful, should reassure vendors of the company's viability.
Sears Secures $100M Loan, Reports 16% Drop in Comps During the Holidays
After a dismal holiday performance, Sears continues to look to cost savings and loans to help generate…
Struggling Sears Holdings Raises $100M; Initiates New Liquidity Plan
The company is also hoping to raise another $200M to enhance its liquidity.
Penney’s CEO: We’re Taking Sears’ Home Business
Home was a top performer this holiday, setting the stage for a fight over marketshare in this category, and…
Sears Starts the Year with 103 Store Closures
The Sears Holdings of 2018 is already starting to look like the Sears Holdings of 2017.