Sears Holdings CorporationNASDAQ
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  • Yesterday, 6:21 AM
    • Sears Holdings (NASDAQ:SHLD) reports comparable-store sales declined 7.4% in Q3.
    • Kmart comp fell 4.4% due to declines in the grocery & household, consumer electronics and pharmacy categories.
    • Sears domestic comp down 10%, driven by decreases in the home appliances, apparel and consumer electronics categories.
    • Segment sales: Kmart: $1.89B (-16%); Sears Domestic: $3.14B (-10.3%).
    • Gross margin rate decreased 280 bps to 19.1%.
    • SG&A expense rate expanded 240 bps to 30.7%.
    • Merchandise inventory -18.9% to $5.03B.
    • Store count -184 Y/Y to 1,503.
    | Yesterday, 6:21 AM | 12 Comments
  • Yesterday, 6:01 AM
    • Sears Holdings (NASDAQ:SHLD): Q3 EPS of -$3.11 beats by $0.95.
    • Revenue of $5.03B (-12.5% Y/Y) beats by $80M.
    • Press Release
    | Yesterday, 6:01 AM | 35 Comments
  • Wed, Dec. 7, 5:30 PM
    | Wed, Dec. 7, 5:30 PM | 6 Comments
  • Fri, Dec. 2, 2:08 PM
    • Sears Holdings (SHLD -3.6%) announces that Steven Mnuchin will step down from the company's board of directors, effective immediately.
    • Mnuchin is heading to Washington, D.C. to serve as the Secretary of Treasury.
    • Source: Press Release
    | Fri, Dec. 2, 2:08 PM | 14 Comments
  • Tue, Nov. 29, 9:20 AM
    • The latest read from Redbook on retail store sales indicates that sales are up 1.2% Y/Y through the first 26 days of the month. Redbook expects a 1.4% gain for the month.
    • Department stores reported strength in gift merchandise, including small appliances, accessories and cold weather apparel. The level of discounting in the sector will have a large impact on how Q4 earnings play out.
    • Related stocks: DDS, M, SSI, BONT, SHLD, JCP, KSS, JWN.
    • Previously: Redbook Chain Store Sales: +2.2% (Nov. 29)
    | Tue, Nov. 29, 9:20 AM | 16 Comments
  • Mon, Nov. 14, 10:33 AM
    • Department store stocks are rallying right along with other mall names on a boost in confidence from investors and analysts that consumer spending will perk up and GOP tax policy will help lift profits across the sector.
    • Sears Holdings (SHLD +4.3%), J.C. Penney (JCP +3.8%), Kohl's (KSS +5.1%), Bon-Ton Stores (BONT +6.7%), Nordstrom (JWN +5.7%) and Dillard's (DDS +4.8%) are all solidly higher.
    • An interesting case is Macy's (M +5.2%) which drew the ire and Twitter hostility from Donald Trump during the primaries. Shares of Macy's are up 18% since the election as investors assume that the Trump-Macy's feud is a non-factor.
    • Previously: Vibrant rally for clothing and footwear stocks (Nov. 14)
    • Previously: Investors see upside with apparel store stocks (Nov. 14)
    | Mon, Nov. 14, 10:33 AM | 7 Comments
  • Fri, Oct. 14, 9:05 AM
    • Retail sales increased 2.7% Y/Y and 0.6% M/M in September on broad gains across categories. The sales totals for August were also nudged slightly higher.
    • Sales from nonstore retailers like Amazon (NASDAQ:AMZN) were up 10.6% Y/Y to once again account for a higher percentage of overall sales.
    • The building material & garden equipment category showed a 1.4% M/M and 5.6% Y/Y gain which bodes well for Home Depot (NYSE:HD) and Lowe's (NYSE:LOW).
    • Department stores (DDS, SHLD, JCP, M, JWN) lagged again as sales fell 0.7% M/M and 6.4% Y/Y, while furniture and home furnishing stores (HVT, WSM, KIRK, RH, BBBY) outpaced the broad averages in the sector.
    • Restaurant sales (NASDAQ:BITE) showed a nice jump from August, although the breakdown between large publicly-traded chains and independent restaurants isn't broken down.
    • The early take from retail analysts is that the overall tone from the report is ever-so-slightly positive for Wal-Mart (NYSE:WMT) and Target (NYSE:TGT).
    • Previously: Retail sales track higher as expected (Oct. 14)
    | Fri, Oct. 14, 9:05 AM | 40 Comments
  • Fri, Oct. 14, 6:47 AM
    • Sears Holdings (NASDAQ:SHLD) appoints Jason Hollar to the chief financial officer position, effective immediately. Hollar has been serving at Sears as a senior VP in finance.
    • The company announced last May that Robert Schriesheim would be departing from his CFO position with the company.
    • Source: Press Release
    | Fri, Oct. 14, 6:47 AM | 5 Comments
  • Wed, Oct. 12, 7:25 AM
    | Wed, Oct. 12, 7:25 AM | 22 Comments
  • Fri, Oct. 7, 1:44 PM
    • Sears Holdings (NASDAQ:SHLD) is lower as the excitement over a potential sale of the Craftsman brand fizzles out.
    • The math doesn't quite add up on Sears in a conventional way with Craftsman rumored to be valued at $2B and the current market cap of the company only at $1.17B.
    • It's also getting difficult for investors to ignore the question of bankruptcy. A couple of weeks ago Sears ended up on a list put together by Fitch Rating of retailers that could face a bankruptcy
    • "Brand degradation and competitive pressures to either price or experience can be real threats to the survival of struggling retailers," stated Fitch director Sharon Bonelli in a general way.
    • Naturally that contrasts with what  Sears CEO Eddie Lampert wrote in a blog post a few days ago.
    • "While the retail environment generally has been challenging and we won’t be able to restore profit immediately, we are focused on executing our plan and establishing a foundation from which Sears Holdings can grow for years to come."
    • SHLD -3.85% to $11.49.
    | Fri, Oct. 7, 1:44 PM | 38 Comments
  • Wed, Oct. 5, 9:42 AM
    • Sears Holdings (NASDAQ:SHLD) opens with a tidy 0.90% gain to follow on yesterday's rally fueled by reports of a Craftsman sale.
    • Investors are keeping a close eye on Sears for news of asset sales.
    • The company also has the Kenmore and DieHard brands to shop around to interested parties.
    • Despite some talk about pulling the plug on Kmart, CEO Eddie Lampert was pretty insistent in a blog post that Sears still sees upside for the chain.
    • "I can tell you that there are no plans and there have never been any plans to close the Kmart format. In fact, we’ve been working hard to make Kmart a more fun, engaging place to shop, powered by our integrated retail innovations and Shop Your Way," wrote Lampert.
    • Previously: Sears rallies with $2B Craftsman payday dangling (Oct. 4)
    | Wed, Oct. 5, 9:42 AM | 18 Comments
  • Tue, Oct. 4, 12:50 PM
    | Tue, Oct. 4, 12:50 PM
  • Tue, Oct. 4, 12:36 PM
    • Sears Holdings (NASDAQ:SHLD) could bring in as much as $2B through the sale of its Craftsman brand, sources tip Bloomberg.
    • The list of bidders reportedly includes Black & Decker, Techtronic Industries, Apex Tool Group and Swedish firm Husqvarna AB.
    • Final offers for Craftsman are expected to be in by the end of month.
    • Shares of Sears are down from session high, but are still up 12.8% on a huge volume spike.
    • Previously: Sears soars after report of Craftsman interest (Oct. 4)
    | Tue, Oct. 4, 12:36 PM | 8 Comments
  • Tue, Oct. 4, 11:36 AM
    • Shares of Sears Holdings (NASDAQ:SHLD) are up 17% on a report the company is listening to offers for its Craftsman business.
    • Interested bidders are said to include Stanley Black & Decker (NYSE:SWK) and Techtronic Industries (OTCPK:TTNDY, OTC:TTNDF).
    | Tue, Oct. 4, 11:36 AM | 23 Comments
  • Fri, Sep. 30, 12:29 PM
    • Shares of Sears Holdings (NASDAQ:SHLD) are up 9% to jump back over $12.
    • Volume on today's strong move has already flown past the daily trading average for Sears.
    • The push higher in Sears coincides (related?) with strength in companies in the business of renting, leasing, and offering up credit services. Some of those movers include Conn's (CONN +5.8%), General Finance (GFN +1.4%), Willis Lease (WLFC +3%), United Rentals (URI +2.8%), Rent-A-Center (RCII +2.5%), Essex Rental (ESSX +3.8%), Ryder (R +2.1%), and Air Lease (AL +2.2%).
    | Fri, Sep. 30, 12:29 PM | 9 Comments
  • Wed, Sep. 28, 5:57 PM
    • Sears (NASDAQ:SHLD) has "significant default risk" over the next 12-24 months due to high levels of debt and years of weak store traffic, TheStreet reports, citing a new report from Fitch Ratings.
    • Fitch notes that SHLD must repay ~$2.8B in high yield bonds and institutional term loans coming due in the next few years.
    • Earlier this month, Moody's cut its speculative-grade liquidity rating on SHLD to SGL-3 from SGL-2, reflecting the likelihood that the company will continue to need outside financing to stay in business.
    • A SHLD reorganization or liquidation could crush Seritage Growth Properties (NYSE:SRG), whose portfolio of 266 retail properties includes 170 leased to Sears and another 82 to Kmart; ~79% of SRG's rental income this year comes from Sears.
    | Wed, Sep. 28, 5:57 PM | 22 Comments