Sears Holdings Corporation

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Ex-CEO Lampert closes $5.2bn deal to buy Sears Beth Wright | 12 Feb 19

An affiliate of ESL Investments Inc – the investment firm belonging to the former CEO of Sears Holdings Edward Lampert – has completed its US$5.2bn acquisition of the troubled department store retailer.


US Q3 in brief – Boot Barn Holdings, VF Corp just-style | 6 Feb 19

In the latest third-quarter filings from US apparel and footwear brands and retailers, Francesca's Holdings Corporation swung to a third-quarter loss of US$16.2m, PVH Corp posted what CEO Emanuel Chirico called a "strong earnings performance", and Abercrombie booked its fifth consecutive quarter of positive comparable sales.


Sears avoids liquidation but remains a "broken business" Beth Wright | 17 Jan 19

Edward Lampert, chairman of Sears Holdings, has prevailed in a bankruptcy auction for the troubled department store retailer, having sweetened his takeover bid to US$5.2bn. But while the move means about 400 stores will remain open, one analyst warns Sears is still a "broken business that is surrounded by gloom".


Lampert makes new US$5bn attempt to save Sears Beth Wright | 11 Jan 19

Edward Lampert, chairman of Sears Holdings, has thrown yet another lifeline to the troubled department store retailer, having made a new takeover bid of more than US$5bn.


Sears rejects Lampert lifeline, headed for liquidation? Hannah Abdulla | 8 Jan 19

Sears has reportedly rejected a US$4.4bn lifeline from chairman Eddie Lampert – with speculation now rife the US retailer is on a path to liquidation.


Sears closes 80 more stores amid reports of last-minute bid Leonie Barrie | 2 Jan 19

Edward Lampert, chairman of Sears Holdings has thrown another lifeline to the troubled department store retailer in the form of a $4.4bn bid to keep the business afloat.


Sears troubles continue as it lowers holiday forecast Michelle Russell | 6 Dec 18

Further doubt has been cast over whether struggling Sears Holdings Corp can avoid liquidation after the US department store retailer lowered its holiday revenue forecast.


Sears secures US$350m court-approved loan Hannah Abdulla | 28 Nov 18

Sears has reportedly secured a US$350m court-approved loan just ahead of bankruptcy hearing on its financing arrangements.


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. 

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