Sears Holdings Corporation News
News on Sears Holdings Corporation (Ticker: SHLD) continually updated from thousands of sources around the net.
1 hr ago | Patch.com
While retailers have yet to unveil Black Friday 2014 hours , Kmart has again gotten a jump on its competitors. The Baltimore Sun reports the discounter is advertisings its " No Money Down Layaway ," available now.
5 hrs ago | Internet Retailer
Sales and traffic to online retailers by category and merchant type, data on Amazon and other leading e-retailers, comparisons of leading web retailers, site performance data, more. Internet penetration by region, income, age and other factors; web browser market share; time spent on social networks; country rankings by Internet population.
PageType='article' Category Value='Fashion' Category URL Name='fashion-news' Subcategory Value='Fashion Scoops' Subcategory URL Name='fashion-scoops' Context='main' User Logged In = Online Access = false Archive Access = false Expiration Date = Auto Renew = hasAutologin = hasIPClient = ClientIP = 188.8.131.52 Host name = s612770nj3vl468.uspswy6.savvis.net Host ip = 10.89.118.77 Entities affiliated with Sears Holdings Corp. have entered into a loan from affiliates of ESL Investments, of which Lampert is the sole stockholder.
Sears Holdings Co. is getting a $400 million secured short-term loan from the hedge fund of its chief executive, Eddie Lampert, with real estate as collateral, the company said Monday in a filing with the Securities and Exchange Commission.
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The center, located at 307 S. 25th St. in the Crossroads Mall, will remain open until late September, said Sears Corporate Communications Director Howard Riefs. -Messenger photo by Jesse Major The Sears Auto Center will be closing later in September, a company spokesman said.
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According to Lands' End president and CEO Edgar Huber, the company is well positioned to continue executing against its strategic initiatives to drive long-term sales and earnings growth. The retailer, which completed its separation from Sears on April 4, has achieved double digit year-over-year adjusted EBITDA growth for more than four consecutive quarters as of the second quarter of fiscal 2014.
Land's End is providing a bit of an oasis of among the mostly deserted retailing sector. Shares are up 17% to $39.15 trading after the company posted a 5.3% rise in second quarter revenue and 5.7% rise in net income.
Fitch Ratings downgrades Sears Holdings on a lack of visibility on how a turnaround of the company will be pulled off. Though the ratings agency warns of top-line losses of 9%-10% this year and another 2 percentage point slip of gross margin rate to 22%, it's the cash burn issue that is the headliner of the downgrade.
The credit ratings agency said Wednesday that it cut Sears' issuer default rating two notches to "CC" from "CCC," which puts the retailer's credit rating deeper into junk status. The company, which operates Sears and Kmart stores, reported a wider loss in its second quarter compared with a year ago.
Updated: Tue Sep 16, 2014 11:30 am
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