Sears Holdings Corporation

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US Q2 in brief – Boot Barn Holdings, VF Corp, Sears just-style | 26 Oct 18

In the latest second-quarter filings from US apparel and footwear brands and retailers, VF Corp raised its full-year guidance on strong sales and earnings, while L Brands reported a 28.7% drop in earnings, and Urban Outfitters achieved record second-quarter sales and a jump in profit.


Sears faces fraud challenge from clothing supplier Michelle Russell | 24 Oct 18

Embattled US department store retailer Sears is being challenged by a number of its suppliers over protection for consigners since going into bankruptcy, including a fraud lawsuit filed by one of its clothing suppliers.


Sears is a firm without "any real inherent value" Beth Wright | 12 Oct 18

The news that some lenders have urged Sears Holdings to file for Chapter 7 bankruptcy, which involves the liquidation rather than the restructuring of the business, confirms the view that Sears is a firm without any real inherent value, one analyst says.


Sears to close another 46 stores before year is out Beth Wright | 24 Aug 18

Embattled US department store retailer Sears Holdings has announced another tranche of store closures, which will see a further 46 unprofitable locations shuttered before the end of the year.


Sears admits "more work" ahead amid store closures Michelle Russell | 1 Jun 18

The finance chief of embattled US department store retailer Sears Holdings has admitted there is still much work to be done to return the company to profitability as it announced plans to close a further 72 stores.


US Q4 in brief – Boot Barn Holdings, Destination Maternity just-style | 18 May 18

In the latest fourth-quarter filings from US apparel and footwear brands and retailers, Destination Maternity narrowed its net loss, Sears was boosted by the new US tax law, Caleres returned to profit, Dick's Sporting Goods achieved growth across key businesses, and Urban Outfitters produced record fourth-quarter sales.


US Q3 in brief – Deckers Brands, Boot Barn Holdings just-style | 6 Feb 18

In the most recent third-quarter filings from US apparel and footwear brands and retailers, Deckers Brands exceeded expectations, while Boot Barn Holdings saw earnings nearly double. Destination Maternity, meanwhile, widened its losses.


Sears slashes 220 jobs at corporate offices Beth Wright | 2 Feb 18

Embattled US department store retailer Sears Holdings is to axe more than 200 positions at its corporate offices, as part of ongoing efforts to return to profitability.


Sears outlines return to profitability plan Beth Wright | 12 Jan 18

Embattled retailer Sears Holdings has identified US$200m in additional cost savings it can make this year and secured more financing as part of a new plan it says will enhance liquidity and accelerate its return to profitability.


Sears to shutter another 103 stores Beth Wright | 9 Jan 18

Embattled US department store retailer Sears Holdings is to shutter an additional 39 Sears and 64 Kmart stores as part of its efforts to return to profitability.


Sears extends term loan maturity Beth Wright | 14 Dec 17

As part of its ongoing efforts to return to profitability US retail giant Sears Holdings Corp has struck a deal to extend the maturity of its existing term loan.


Investor urges Sears to consider going private Michelle Russell | 8 Dec 17

An investor in Sears Holdings has called for the embattled US retailer to consider its options – including going private – amid 24 straight quarters of sales declines.


Sears to sell properties to fund pensions, warns on Q3 loss Beth Wright | 9 Nov 17

US retail giant Sears Holdings Corp has announced the next series of steps – including the potential sale of a further 140 properties –  as part of its efforts to return to profitability


Sears to shutter another 63 stores Beth Wright | 6 Nov 17

US retail giant Sears Holdings Corp is to shutter an additional 18 Sears and 45 Kmart unprofitable stores in the New Year as part of its efforts to return to profitability.


Sears Canada to liquidate, all stores to close Beth Wright | 17 Oct 17

Sears Canada has received court approval to proceed with a liquidation that will result in a wind-down of its business and the closure of its remaining stores.


Sears Canada seeks liquidation approval Beth Wright | 11 Oct 17

Following its efforts to turnaround the company, Sears Canada has announced it is seeking court approval to commence a liquidation that would result in a wind-down of its business.


Sears thrown another lifeline with $100m cash injection Michelle Russell | 6 Oct 17

Edward Lampert, owner and CEO of Sears Holdings has thrown another lifeline to the troubled retail chain with a further cash injection in the lead-up to the key holiday shopping season.


US Q2 in brief – Finish Line, Zumiez, Tailored Brands, Vince Holding just-style | 22 Sep 17

In the most recent second-quarter filings from US apparel and footwear brands and retailers, PVH upped its full-year guidance based on strong second-quarter results, while Guess saw its results boosted by solid growth in both Europe and Asia. Oxford Industries, meanwhile, saw mixed results as earnings fell but sales edged up.


Sears thrown US$200m lifeline from CEO Lampert Hannah Abdulla | 18 Jul 17

Troubled US department store retailer Sears Holdings has just been thrown a US$200m lifeline from its CEO Edward Lampert.


Sears to shutter another wave of stores Beth Wright | 11 Jul 17

US retail giant Sears Holdings Corp is to shutter an additional eight Sears and 35 Kmart unprofitable stores as part of its efforts to return to profitability.


US Q1 in brief – Cherokee, The Finish Line, J Crew Michelle Russell and Beth Wright | 10 Jul 17

In the most recent first-quarter filings from US apparel and footwear brands and retailers, G-III Apparel moved to a loss on acquisition charges, while Guess saw earnings fall on soft Americas sales. Kate Spade, meanwhile, saw earnings slump on the back of sales declines, while Hudson's Bay recorded comparable store declines on the back of lower domestic store traffic across all banners. 


US Q1 in brief – Cherokee, The Finish Line, J Crew Michelle Russell and Beth Wright | 10 Jul 17

In the most recent first-quarter filings from US apparel and footwear brands and retailers, G-III Apparel moved to a loss on acquisition charges, while Guess saw earnings fall on soft Americas sales. Kate Spade, meanwhile, saw earnings slump on the back of sales declines, while Hudson's Bay recorded comparable store declines on the back of lower domestic store traffic across all banners. 


Sears Canada to axe 2,900 jobs, close stores amid restructure Beth Wright | 23 Jun 17

Department store retailer Sears Canada is to axe around 2,900 jobs and shutter 59 stores as part of a court-supervised restructuring of the business.


Sears Canada seeks creditor protection Beth Wright | 22 Jun 17

Department store retailer Sears Canada and certain of its subsidiaries is seeking court protection from its creditors in a bid to restructure its business.


Sears inks financial deal to buy time with creditors Michelle Russell | 24 May 17

US retail giant Sears Holdings Corp has unveiled steps to improve its financial position by extending some of its debt load and reducing the size of its pension obligations.


US Q4 in brief – Cherokee, Vince Holding, Destination Maternity Michelle Russell and Beth Wright | 15 May 17

In the most recent fourth-quarter filings from US apparel and footwear brands and retailers, Destination XL moved to a profit but booked lower sales, while Caleres moved to a loss in the quarter. VF Corporation, meanwhile, revealed a fall in both sales and earnings for the quarter, while Stein Mart moved to a loss as a result of "aggressive" promotions. 


US Q4 in brief – Cherokee, Vince Holding, Destination Maternity Michelle Russell and Beth Wright | 15 May 17

In the most recent fourth-quarter filings from US apparel and footwear brands and retailers, Destination XL moved to a profit but booked lower sales, while Caleres moved to a loss in the quarter. VF Corporation, meanwhile, revealed a fall in both sales and earnings for the quarter, while Stein Mart moved to a loss as a result of "aggressive" promotions. 


Sears Canada books Q4 loss Beth Wright | 27 Apr 17

Sears Canada says its work to reinvent the business is starting to resonate the business, despite booking a loss in the fourth quarter.


Sears raises savings target to $1.25bn, names new CFO Beth Wright | 25 Apr 17

US retail giant Sears Holdings Corp has revealed the next steps in its transformation plan, including cutting a further US$250m in costs across its operations and naming a new chief financial officer.


Sears CEO snaps up company shares despite future doubts Beth Wright | 29 Mar 17

Edward Lampert, CEO of US retail giant Sears Holdings Corp, has purchased almost 526,000 shares in the same week the company expressed "substantial doubt" as to whether it can continue to operate as a profitable business.

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