Sears Holdings Corp (SHLD.OQ)
17 Jan 2017
DAVOS, Switzerland (Reuters Breakingviews) - If an instrument existed to measure the direction of political winds, it would be in Stanley Black & Decker's tool kit. The $18 billion maker of circular saws, screwdrivers and corded garden cultivators kicked off the year by drafting a blueprint for deals in the Donald Trump epoch with its purchase of the Craftsman brand from Sears.
CHICAGO, Jan 5 Weak holiday sales by some U.S. department stores have reignited fears that the sector may never recover its growth levels of the past, but some investors are holding out hope for a longer-term recovery.
Stanley Black & Decker Inc , in its second big acquisition in three months, agreed to buy Sears Holdings Corp's Craftsman brand, giving the company known mainly for power tools an entry into the lawn and garden equipment market. | Video
CHICAGO Weak holiday sales by some U.S. department stores have reignited fears that the sector may never recover its growth levels of the past, but some investors are holding out hope for a longer-term recovery.
Sears Holdings Corp said it would sell its Craftsman tools business to Stanley Black & Decker Inc for $900 million, sending its shares up and taking some of the focus away from the company's dismal holiday season performance.
Retailer Sears Holdings Corp reported its fifth straight quarterly loss and said there was no guarantee when it would return to profitability, underscoring its struggle to stanch a years-long decline in sales. | Video
(Corrects Dec. 2 story to change source to "ESL Investments, Inc" from "Sears Holdings Corp" in paragraph one and three)
* Headline food and liquor sales for q1 were $7.9 billion, up 2.9 per cent
BRIEF-Sears holdings corp - CFO Hollar's agreement with company provides for an annual base salary of $700,000
* Sears Holdings Corp says CFO Hollar's agreement with company provides for an annual base salary of $700,000 Source text for Eikon: Further company coverage:
* Sears Holdings Corp - prior to joining Sears Holdings, Hollar was at Delphi Automotive
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