sears

Financials
Deep Q1 Loss Accelerates Sears Store Closings

Sears Holdings Corp. posted a deeper net loss in a challenging first quarter and said it would close more stores. In addition, the company developed another deal with Amazon. 

Retail
Sears Evaluating Kenmore, Home Services Assets Sale

Sears Holdings has formed a special board of directors committee to initiate a formal process to explore the sale of its Kenmore brand and related assets, as well as the Sears Home Improvement Products and Parts Direct business of its Sears Home Services division.

Retail
Lampert’s Hedge Fund Eyeing Sears Assets

Sears Holdings Corp. and its board of directors have received a letter from ESL Investments expressing the view that the company should pursue a divestiture of all or a portion of its Kenmore brand and related assets, the Sears Home Improvement business of the Sears Home Services division (SHIP) and the PartsDirect business of the Sears Home Services division.

Retail
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.

Retail
Sears Juggles Finances To Free Up Funds

Sears Holdings has made several moves to restructure some of its finances and said that it expects to improve its net loss in its upcoming third quarter results. However, the company signaled that its comparable store sales for both Kmart and Sears are continuing to decline. 

Retail
Sears, Kmart Set Holiday Deals

Sears and Kmart have unveiled their Thanksgiving and Black Friday doorbuster deals as an element in what the retailers are calling a month-long Holiday Blowout promotion.

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