News: Sears Holdings Corp (SHLD.O)

SHLD.O on Nasdaq

36.09USD
26 Nov 2014
Price Change (% chg)

$-1.91 (-5.03%)
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$38.00
Open
$37.87
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$38.50
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$36.00
Volume
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$54.60
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Wed, Nov 12 2014

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Retail REITs looking pricey as Sears ponders joining mix

NEW YORK - Sears Holding Corp made a huge splash last week when it said it might spin off hundreds of its stores as a real estate investment trust. But the struggling retailer's move to tap into a surging commercial property market comes as the sector looks increasingly rich.

INSIGHT-Retail REITs looking pricey as Sears ponders joining mix

NEW YORK, Nov 12 - Sears Holding Corp made a huge splash last week when it said it might spin off hundreds of its stores as a real estate investment trust. But the struggling retailer's move to tap into a surging commercial property market comes as the sector looks increasingly rich.

Sears to close stores, lay off about 5,500: Seeking Alpha

- Sears Holdings Corp is shuttering more than 100 stores and laying off at least 5,457 employees, investor website Seeking Alpha reported on Thursday, indicating the struggling retailer may be stepping up store closures.

UPDATE 1-Sears to close stores, lay off about 5,500 - Seeking Alpha

Oct 23 - Sears Holdings Corp is shuttering more than 100 stores and laying off at least 5,457 employees, investor website Seeking Alpha reported on Thursday, indicating the struggling retailer may be stepping up store closures.

Sears to close stores, lay off about 5,500 employees - Seeking Alpha

Oct 23 - Struggling retailer Sears Holdings Corp will lay off at least 5,457 employees and close over 100 stores, many before Christmas, according to a Seeking Alpha report citing liquidation notices and employees.

Sears turns to CEO again for cash to boost confidence

- Sears Holdings Corp said it would raise as much as $625 million through an unsecured loan and equity warrants, its third fundraising in a month, as it seeks to ease suppliers' concerns about its finances going into the critical holiday season.

UPDATE 3-Sears turns to CEO again for cash to boost confidence

(Adds analyst comments and background, updates share price)

CORRECTED-UPDATE 2-Sears turns to Lampert again for cash before holiday season

(Corrects paragraph 4 to say "just over $870 million, or about 40 percent", not most of the over $2 billion, will come from Lampert and his hedge fund)

Sears to raise up to $625 mln through notes offering

Oct 20 - Struggling retailer Sears Holdings Corp said it would raise up to $625 million through a rights offering of senior notes due 2019 and warrants to buy shares.

UPDATE 3-Sears says Kmart stores hit by data breach

Oct 10 - Sears Holdings Corp said it was the victim of a cyberattack that likely resulted in the theft of some customer payment cards at its Kmart stores, the latest in a series of computer security breaches to hit U.S. companies and dealing a fresh blow to the struggling U.S. retailer.

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