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Sears Holdings Corp (SHLD.OQ)

SHLD.OQ on NASDAQ Stock Exchange Global Select Market

17 Aug 2017
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Latest Key Developments (Source: Significant Developments)

Sears Holdings enters into amendment to letter of credit and reimbursement agreement
Thursday, 10 Aug 2017 05:18pm EDT 

Aug 10 (Reuters) - Sears Holdings Corp -:Sears Holdings - through units entered into a third amendment to letter of credit and reimbursement agreement dated december 28, 2016 - sec filing​.Sears Holdings-amendment entered into related with initial lenders assigning $140 million of commitments under lc facility to certain unaffiliated lenders​.  Full Article

Wheaton Precious Metals Q2 earnings per share $0.15
Thursday, 10 Aug 2017 05:00pm EDT 

Aug 10 (Reuters) - Wheaton Precious Metals Corp :Wheaton Precious Metals announces second quarter results for 2017 and a 43% increase in declared dividend.Q2 earnings per share $0.15.Q2 revenue fell 6 percent to $200 million.Increases quarterly dividend by 43 percent to $0.10per share.Wheaton Precious Metals Corp says attributable production in Q2 2017 of 7.2 million ounces of silver and 78,100 ounces of gold.Wheaton Precious Metals Corp - estimated attributable silver and gold production in 2017 is forecast to be 28 million silver ounces and 340,000 gold ounces.Q2 earnings per share view $0.14, revenue view $214.5 million -- Thomson Reuters I/B/E/S.  Full Article

Sears says entered amendment to letter of credit, reimbursement agreement
Thursday, 3 Aug 2017 09:16am EDT 

Aug 3 (Reuters) - Sears Holdings Corp :On August 1, co, through units entered amendment to letter of credit, reimbursement agreement dated Dec 28, 2016​ - SEC filing.Sears Holdings - extends maturity of $271 million committed under existing LC facility from original maturity date of Dec 28, 2017 through Dec 28, 2018.Amendment also increases pricing under LC facility, provides for release of all real estate collateral that secured existing facility​.Says amendment eliminates unused portion of facility - SEC filing.  Full Article

Sears Holdings Corp ‍announces launch of kenmore products on Amazon.Com​
Thursday, 20 Jul 2017 08:00am EDT 

July 20 (Reuters) - Amazon.Com Inc ::Sears Holdings Corp - ‍announced launch of kenmore products on Amazon.Com​.Sears Holdings Corp - terms of deal were not disclosed..  Full Article

Sears Holdings says co, Sears Roebuck Acceptance, Kmart entered into first amendment to second lien credit agreement, dated Sept. 1, 2016
Friday, 7 Jul 2017 05:37pm EDT 

July 7 (Reuters) - Sears Holdings Corp ::Sears holdings says co, sears roebuck acceptance, kmart entered into first amendment to second lien credit agreement, dated sept 1, 2016 - sec filing.Sears - ‍amendment to provide line of credit facility pursuant to which co and its units may borrow line of credit loans in amount not to exceed $500 million.Sears holdings corp - ‍company expects to use proceeds from line of credit loans for general corporate purposes​.Sears holdings corp - esl investments inc has indicated that it is considering participating in credit facility as a line of credit lender.Sears holdings - ‍edward s. Lampert, co's ceo and chairman, is sole stockholder, ceo and director of esl investments, inc, which controls agent​.Sears holdings corp - ‍line of credit loans will be secured on a pari passu basis with company's existing obligations under credit agreement​.  Full Article

Sears Holdings to initiate closing of 8 Sears, 35 Kmart stores‍​
Friday, 7 Jul 2017 12:21pm EDT 

July 7 (Reuters) - Sears Holdings Corp ::Sears Holdings says on July 7, co will initiate closing of an additional eight Sears and 35 KMART unprofitable stores‍​ - blog.Expect to introduce smaller concept stores in upcoming quarters while reducing number and/or size of larger-format, less competitive stores.  Full Article

Seritage says Sears Holdings to continue to pay co rent until it vacates stores
Friday, 23 Jun 2017 06:28am EDT 

June 23 (Reuters) - Seritage Growth Properties ::Seritage Growth Properties - pursuant to terms of master lease units co, units of Sears Holdings Corp, Sears Holdings exercised right to terminate master lease.Seritage Growth Properties - Sears Holdings will continue to pay co rent until it vacates stores which is expected to occur in October 2017 - SEC filing.Seritage Growth Properties - Sears Holdings to pay termination fee equal to 1 year of annual base rent, plus 1 year of estimated annual operating expenses.Seritage Growth Properties - termination of master lease with respect to 20 unprofitable stores.  Full Article

Sears Holdings provides strategic restructuring update
Tuesday, 13 Jun 2017 08:17am EDT 

June 13 (Reuters) - Sears Holdings Corp -:Sears Holdings provides strategic restructuring update.Sears Holdings Corp - ‍on track to achieve $1.25 billion in annualized cost savings in 2017​.Sears Holdings provides strategic restructuring update.Sears Holdings Corp - actions include elimination of approximately 400 full-time positions at our corporate offices and support functions globally.Sears Holdings Corp - ‍certain positions at field operations will be impacted by th restructuring actions​.Sears Holdings Corp - majority of eliminated positions are related to corporate workforce at sears holdings' headquarters in hoffman estates.Sears Holdings -as part of restructuring, first eliminated open positions and reduced contract employees in an effort to minimize impact on employees.Sears Holdings Corp - ‍sears holdings has actioned nearly $1.0 billion in annualized cost savings to date​.Sears Holdings - continue to evaluate strategic options across our portfolio to unlock value from our assets through partnerships, joint ventures or other means.  Full Article

Sears Holdings ‍​recently aware of security incident involving unauthorized credit card activity at some Kmart stores - Spokesman
Wednesday, 31 May 2017 11:06pm EDT 

June 1 (Reuters) - Sears Holdings Corp :Sears holdings ‍​recently aware of security incident involving unauthorized credit card activity following certain customer purchases at some kmart stores - spokesman.Sears holdings immediately launched thorough investigation,engaged leading third party forensic experts to review systems and secure affected part of network - spokesman.Kmart store payment data systems were infected with a form of malicious code that was undetectable by current anti-virus systems,application controls - sears holdings spokesman.Sears holdings - "once aware of the new malicious code, we quickly removed it and contained the event".Sears holdings - based on the forensic investigation of security incident, no personal identifying information was obtained by those criminally responsible.  Full Article

Sears Holdings Q1 earnings per share $2.28
Thursday, 25 May 2017 06:00am EDT 

May 25 (Reuters) - Sears Holdings Corp ::Sears holdings reports first quarter 2017 results.Q1 revenue $4.3 billion versus $5.4 billion.Q1 earnings per share $2.28.Q1 adjusted loss per share $2.15.Sears Holdings Corp - on may 15, 2017, company entered into an agreement to annuitize $515 million of pension liability with MLIC.Sears Holdings Corp says "this was certainly a challenging quarter for our company".Sears Holdings Corp says "are moving decisively with our $1.25 billion restructuring program".Sears Holdings - agreement to annuitize pension liability with MLIC is expected to have an immaterial impact on funded status of total pension obligations.Sears Holdings Corp says at KMart, comparable store sales decreased 11.2% during Q1 of 2017.Q1 same store sales fell 11.9 percent.Sears Holdings Corp says sears domestic comparable store sales decreased 12.4% during quarter.  Full Article


Sears, Whirlpool win fee reduction in washer lawsuit

A federal appeals court reduced by $2 million the legal fees that Sears Holdings Corp and Whirlpool Corp must pay to settle a class action lawsuit over defective washing machines. The reason: the case was not that complicated.