Seeking Alpha

Sears Holdings Corporation (SHLD)

  • Feb. 15, 2013, 1:01 PM
    The minds of retail analysts are spinning after ESL Partners discloses (13G) a sizable 14.32M stake in Gap (GPS +6%) and helps fuel speculative buying of the retailer. With Eddie Lampert already squeezing value out of the assets of Sears Holdings (SHLD +0.4%), the unanswered question is what does Eddie have up his sleeve that might add value to Gap, Sears, and Kmart all the same time?
    | 1 Comment
  • Feb. 6, 2013, 1:39 PM
    Shares of Sears Holdings (SHLD -1%) remained relatively unscathed while retail rival J.C. Penney slumped 55% in a year as the story on each company remains quite different. Despite the different tracks of the retailers, a scathing downgrade from Maxim on JCP could have some read-through to Sears Holdings. The firm thinks the immense square footage held by JCP is greatly overvalued by investors. Is SHLD in the same boat?
    | 1 Comment
  • Feb. 4, 2013, 10:10 AM
    Mutual fund rules make it impossible to add to his AIG, BAC, and SHLD positions, says Bruce Berkowitz, explaining to Bloomberg why he's closing the Fairholme Fund to new money. Does he want to own more? Yes, he says, hinting at a new vehicle (the Fairholme Partnership) which might allow him to do so.
  • Feb. 1, 2013, 7:13 AM
    Sears Canada (SHLD) lays off about 700 employees in Canada as the retailer continues to trim its presence in the nation. Efforts to "rightsize" the company will continue, according to execs.
    | 1 Comment
  • Jan. 30, 2013, 4:34 PM
    Fairholme is closing 3 of its funds to new investors as of the end of February. It's not about heavy inflows; instead Bruce Berkowitz is fed up with outflows and prefers a smaller, core group of investors who understand his deep-value process. Berkowitz might also be having trouble finding investments, having narrowed his holdings to basically just AIG, SHLD, BAC, JOE, CIT, LUK, and MBIA (GGP was sold last night).
  • Jan. 30, 2013, 7:38 AM
    Deutsche Post might sell a unit of DHL in the U.S. to a retailer interested in topping off its "last mile" delivery service. A sale could also launch a more dramatic move into same-day delivery in key markets for the buyer. Though sources aren't talking about which company is in the mix, a deal price in the $100M range could draw in AMZN, WMT, ODP, SHLD, TGT, SPLS, or OMX.
    | 1 Comment
  • Jan. 29, 2013, 8:39 AM
    Sears Holdings (SHLD) expands its relationship wtih ECOtality and unveils new electric vehicle charging stations in Tennessee and Arizona. Customers at participating stores will be able charge an electric vehicle battery up to 80% capacity in less than 30 minutes.
    | 1 Comment
  • Jan. 24, 2013, 6:54 AM
    After settling into the top spot at Sears Holdings (SHLD), one of Eddie Lampert's largest tasks will be to figure out what to do with the Kmart chain. As Sears has seen its losses narrow on small same-store sales gains, the bleeding at Kmart hasn't improved with initiative after initiative failing and stores falling into disrepair. Unable to compete with dollar stores, Wal-Mart, and Target on prices - Lampert might be tempted to pull the plug entirely.
    | 1 Comment
  • Jan. 14, 2013, 12:32 PM
    Sears Holdings (SHLD +7.3%) trades higher after SEC filings reveal Eddie Lampert upped his stake in the company by about 300K shares. The investor must be a fan of the new CEO - the man in the mirror - who is set to start pushing the buttons on February 2.
    | 1 Comment
  • Jan. 9, 2013, 2:48 PM
    Department store malaise: Macquarie's Liz Dunn take a swipe at the prospect for department stores to beat sales estimates, saying the expiration of the payroll tax cut and shaky consumer confidence will hit the sector fairly hard. She favors global brands selling in hotter markets such as Ralph Lauren (RL +1.8%), Coach (COH +1.9%), and Fossil (FOSL +0.7%) over mall-based plays such as J.C. Penney (JCP -0.7%), Kohl's (KSS +0.5%), and Macy's (M -0.6%).
    | Comment!
  • Jan. 9, 2013, 8:45 AM
    Insiders think that with Eddie Lampert manning the CEO position at Sears Holdings (SHLD) more asset sales and spinoffs could be in the offing. Though the plan sounds enticing for investors, a fly in the ointment for fetching top dollar for real estate assets could be if J.C. Penney (JCP) starts a firesale with its own stores.
  • Jan. 8, 2013, 7:38 AM
    Shares of Sears Holdings (SHLD) move up 2.6% in premarket trading after the company announces Eddie Lampert will take over the CEO role and guides its estimates for Q4 EPS higher. While comparable store sales fell off 0.2% for the recent nine-week period, Sears Domestic and Kmart increased online sales by 20% with new initiatives contributing.
  • Jan. 8, 2013, 7:11 AM
    A spokesperson for Sears Holdings (SHLD) says the decision to have Eddie Lampert take over as the company's CEO for the outgoing Louis D'Ambrosio was at the direct request of the board of directors. After D'Ambrosio pushed the retailer into new online channels and bet on technology, analysts now wonder if Lampert will move in a different direction to increase the pace of asset sales.
  • Jan. 7, 2013, 8:58 PM
    Sears Holdings (SHLD) gives an update to its Q4 and FY12 earnings guidance, saying it sees Q4 EPS coming in at around $1.25 - $2.00, beating consensus estimates of $0.86, on an adjusted EBITDA of $265M - $465M. FY12 EPS is expected to come in at a loss of between $1.16 and $1.92, beating consensus estimates for a loss of $2.66. Separately, the company annnounces that CEO Louis D'Ambrosio will step down due to family health matters at the end of the company's fiscal year on February 2, 2013. Edward Lampert will assume the role of CEO, in addition to his role as chairman.
  • Jan. 7, 2013, 5:06 PM
    Wet Seal (WTSLA) has named John Goodman, most recently the Chief Apparel and Home Officer at Sears (SHLD), its new CEO. Goodman has also done stints at Gap, Levi, and Bloomingdale's. Struggling Wet Seal fired its last CEO, Susan McGalla, in July. (PR)
    | Comment!
  • Dec. 27, 2012, 11:07 AM
    Best Buy (BBY -1.7%), RadioShack (RSH -4.4%), and J.C. Penney (JCP -3.8%) slump after being named by the WSJ, along with Sears (SHLD -0.1%), as retailers facing a "do or die" 2013. The paper notes a recent Harris poll indicated 1 in 4 shoppers who had "showroomed" had done so at Best Buy, and that RadioShack's decision to focus on phone/tablet sales has crushed its margins. Many retailers sold off yesterday on negative sales data, though J.C. Penney didn't.
    | 1 Comment
Visit Seeking Alpha's
SHLD vs. ETF Alternatives
Company Description
Sears Holdings Corpalong with its subsidiaries is an integrated retailer with full-line and specialty retail stores in the United States, operating through Kmart and Sears.
Sector: Services
Country: United States