More on Sears Holdings' (SHLD) Q1 results: Domestic comparable store sales fell 3.6%, comprised...

More on Sears Holdings' (SHLD) Q1 results: Domestic comparable store sales fell 3.6%, comprised of decreases of 4.6% at Kmart and 2.4% at Sears U.S., blamed on weather related declines in lawn and garden; excluding that category, comp store sales would have gained 0.3%. Online business rose 20% Y/Y. Says it may put its service agreement business up for sale to raise cash. Shares -13% AH.

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Comments (14)
  • captiankirkoptions
    , contributor
    Comments (241) | Send Message
    23 May 2013, 04:43 PM Reply Like
  • Julius Ferraro
    , contributor
    Comments (493) | Send Message
    Reminds me of JCP except I actually shop at sears
    23 May 2013, 04:46 PM Reply Like
  • Micah
    , contributor
    Comments (498) | Send Message
    Service agreements have to be the most profitable part of the sale?
    23 May 2013, 04:55 PM Reply Like
  • HFI
    , contributor
    Comments (1585) | Send Message
    Those were some hideous numbers... But I think Lampert has something up his sleeves.
    23 May 2013, 04:58 PM Reply Like
  • Energysystems
    , contributor
    Comments (2086) | Send Message
    Yes...continued underperformance.
    23 May 2013, 06:12 PM Reply Like
  • al roman
    , contributor
    Comments (17165) | Send Message
    Not good,i am very sears orientated.It hurts.
    23 May 2013, 07:00 PM Reply Like
  • redarrow5150
    , contributor
    Comments (1367) | Send Message
    Sears should break this company up. I still don't understand why they didn't put the tools and appliances as one store concept. You could even include a few carhart type of clothing but who in their right mind really goes to Sears to buy the majority of clothes. I think the concept of K-Mart has long been dead so just close it and be finished. Sears has seen a lot of the customers who purchase clothes go to Kohls, Macy's and Target and the appliances to Best Buy and some strong mom and pop stores.
    23 May 2013, 07:44 PM Reply Like
  • Kraken
    , contributor
    Comments (567) | Send Message
    We had a warranty on a Sears garage opener. Sears sent multiple repairmen to come and fix it. They brought their own parts. The total cost of the labor and parts were about 4x the cost of a replacement opener. I mentioned to them multiple times that it would be cheaper for Sears just to replace it, but apparently its against their policy. Either way, it costs them a bundle and they didn't seem like they cared.
    23 May 2013, 09:36 PM Reply Like
  • Moon Kil Woong
    , contributor
    Comments (13390) | Send Message
    I don't think it's just Sears, sales to the mid and low class are falling while the high end market races ahead (especially banking). Go figure.
    23 May 2013, 10:35 PM Reply Like
  • Tactical Technician
    , contributor
    Comments (146) | Send Message
    Nice little downward trend line on Sears weekly chart, starting date: May 3rd, 2010. Seems natural it would encounter some resistance.
    23 May 2013, 10:54 PM Reply Like
  • DeepValueLover
    , contributor
    Comments (11177) | Send Message
    Terrible quarter. The deterioration in the core numbers is sad...
    24 May 2013, 02:40 AM Reply Like
  • Kenjisan
    , contributor
    Comments (49) | Send Message
    Unless you bought SHLD in the last month, you are still in profits. Take it and go.
    24 May 2013, 05:22 AM Reply Like
  • Micah
    , contributor
    Comments (498) | Send Message
    Short term borrowings up $651m y/y.


    Cash position down $306m y/y.


    There is nothing good to pull from this report...horrible.
    24 May 2013, 05:36 AM Reply Like
  • al roman
    , contributor
    Comments (17165) | Send Message
    I hope Sears will be alright,My lawn mower,chain saw,vacuum cleaner
    coffee maker are all SEARS !
    24 May 2013, 05:56 AM Reply Like
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