Sears Reconfigures Finances

Sears Holdings has entered into an agreement to extend the maturity of its existing term loan, originally set to mature in June 2018, to January 2019, with the option to further extend the maturity to July 2019.

J.C. Penney Names Davis CFO

J.C. Penney has named Jeffrey Davis as the retailer’s executive vice president and chief financial officer. He succeeds Andrew Drexler, who has been serving as interim chief financial officer while the company completed its search.

NYSE Prompts hhgregg To Explore Options

Just two weeks after the New York Stock Exchange notified the company that it was not in compliance with listing rules, hhgregg, announced that it engaged Stifel, Nicolaus & Co. and Miller Buckfire & Co., subsidiaries of Stifel Financial Corp., to pursue a range of potential strategic and financial transactions to improve liquidity and return to profitability.

Sears Names Hollar CFO

Sears Holdings has named Jason Hollar as the company’s chief financial officer, effective immediately. He fills the position vacated by Robert Schriesheim, who in May announced his departure from the company.

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Kohl’s Q2 Sales Down 2%

Second quarter sales at Kohl’s were down 2%, but company officials said they were encouraged with initial third quarter returns in the early portion of the back-to-school selling season.