Edition:
United States

Sears Holdings Corp (SHLD.OQ)

SHLD.OQ on NASDAQ Stock Exchange Global Select Market

1.27USD
21 Sep 2018
Change (% chg)

$-0.02 (-1.55%)
Prev Close
$1.29
Open
$1.29
Day's High
$1.34
Day's Low
$1.25
Volume
574,557
Avg. Vol
377,607
52-wk High
$7.78
52-wk Low
$1.08

Latest Key Developments (Source: Significant Developments)

Sears Holdings Corp Entered Into First Amendment To Third Amended And Restated Loan Agreement
Thursday, 13 Sep 2018 05:21pm EDT 

Sept 13 (Reuters) - Sears Holdings Corp ::SEARS HOLDINGS CORP - ENTERED INTO FIRST AMENDMENT TO THIRD AMENDED AND RESTATED LOAN AGREEMENT - SEC FILING.SEARS HOLDINGS SAYS IN AMENDMENT, LENDERS MADE ADDITIONAL ADVANCE TO CERTAIN OF BORROWERS IN AMOUNT OF $75.0 MILLION.SEARS HOLDINGS - LOAN UNDER AMENDED LOAN AGREEMENT, INCLUDING AMOUNT OF ADDITIONAL ADVANCE, MATURES ON JULY 20, 2020.  Full Article

Sears Holdings Reports Q2 Total Comparable Store Sales Declined 3.9 Pct
Thursday, 13 Sep 2018 04:35pm EDT 

Sept 13 (Reuters) - Sears Holdings Corp ::SEARS HOLDINGS REPORTS SECOND QUARTER 2018 RESULTS.Q2 REVENUE $3.2 BILLION VERSUS $4.3 BILLION.Q2 LOSS PER SHARE $4.68.QTRLY TOTAL COMPARABLE STORE SALES DECLINED 3.9%.CONTINUE TO EVALUATE ALL AREAS OF COST STRUCTURE AND INTEND TO PURSUE ADDITIONAL MEASURES TO ACHIEVE COST SAVINGS.SEARS HOLDINGS - ADDITIONAL MEASURES TO ACHIEVE COST SAVINGS, INCLUDING GREATER CONSOLIDATION OF SEARS AND KMART CORPORATE AND SUPPORT FUNCTIONS.EXPECT COST SAVING INITIATIVES TO RESULT IN ANNUALIZED COST SAVINGS OF APPROXIMATELY $100 MILLION.QTRLY KMART COMPARABLE STORE SALES DECLINED 3.7%; SEARS COMPARABLE STORE SALES DECLINED 4.0%.COST SAVINGS OF ABOUT $100 MILLION IS IN ADDITION TO CO'S $200 MILLION OF ANNUALIZED COST SAVINGS INITIATIVE ANNOUNCED EARLIER THIS YEAR.SPECIAL COMMITTEE IS EVALUATING PROPOSAL FROM ESL & POTENTIALLY OTHER PROPOSALS AS PART OF ITS FORMAL PROCESS.SEARS HOLDINGS - CONTINUE TO EXPLORE OPTIONS INCLUDING PARTNERSHIPS, SALES OR OTHER MEANS OF EXTERNALIZATION.MERCHANDISE INVENTORIES AT AUGUST 4 2018 WAS $2.7 BILLION VERSUS $3.4 BILLION AT JULY 29 2017.  Full Article

Sears Plans To Further Streamline Operations In 2018
Thursday, 31 May 2018 06:30am EDT 

May 31 (Reuters) - Sears Holdings Corp ::SEARS HOLDINGS SAYS PLANS TO FURTHER STREAMLINE OPERATIONS IN 2018 TO ACHIEVE COST REDUCTION OF $200 MILLION IN 2018 UNRELATED TO STORE CLOSURES - SEC FILING.  Full Article

Citi, Sears Announce Long-Term Extension Of Co-Brand And Private Label Credit Card Relationship
Monday, 21 May 2018 08:00am EDT 

May 21 (Reuters) - Citigroup Inc ::CITI - CITI AND SEARS HOLDINGS ANNOUNCE LONG-TERM EXTENSION OF THEIR 15-YEAR CO-BRAND AND PRIVATE LABEL CREDIT CARD RELATIONSHIP.CITI - CITI WILL PAY SEARS $425 MILLION ($400 MILLION OF WHICH HAS BEEN RECEIVED) UPON ENTRY INTO AMENDMENT OF DEAL.  Full Article

Sears Auto Centers Says Working With Amazon To Provide Tire Installation, Balancing Service For Customers
Wednesday, 9 May 2018 10:35am EDT 

May 9 (Reuters) - Sears Auto Centers::SAYS WORKING WITH AMAZON.COM TO PROVIDE FULL-SERVICE TIRE INSTALLATION, BALANCING FOR CUSTOMERS WHO BUY ANY BRAND OF TIRES ON AMAZON.SAYS NEW SERVICE WITH AMAZON WILL BE ROLLING OUT TO CUSTOMERS ACROSS U.S. OVER COMING WEEKS.  Full Article

Sears Holdings Corp - ‍Unit Announced A Partnership With Gasbuddy​
Tuesday, 27 Mar 2018 08:00am EDT 

March 27 (Reuters) - Sears Holdings Corp ::SEARS HOLDINGS CORP - ‍UNIT ANNOUNCED A PARTNERSHIP WITH GASBUDDY​.  Full Article

Sears, Through Borrowers, Entered Fifth, Sixth Amendment To Credit Agreement
Friday, 23 Mar 2018 06:19am EDT 

March 23 (Reuters) - Sears Holdings Corp ::SEARS HOLDINGS - ‍ ON MARCH 21, CO THROUGH BORROWERS, ENTERED FIFTH AMENDMENT, SIXTH AMENDMENT TO CREDIT AGREEMENT DATED AS OF JULY 21, 2015.SEARS HOLDINGS - ‍PURSUANT TO AMENDMENTS, BORROWERS BORROWED A $125 MILLION 'FIRST-IN, LAST-OUT' TERM LOAN, MADE CHANGES TO CREDIT AGREEMENT -SEC FILING​​.SEARS HOLDINGS CORP - ‍FILO LOAN MATURES ON JULY 20, 2020​.  Full Article

Sears Holdings Corp - ‍Total Revenues Of $4.4 Billion For Q4 Of 2017
Wednesday, 14 Mar 2018 05:11pm EDT 

March 14 (Reuters) - Sears Holdings Corp ::SEARS HOLDINGS CORP - ‍TOTAL REVENUES OF $4.4 BILLION FOR Q4 OF 2017, COMPARED WITH TOTAL REVENUES OF $6.1 BILLION FOR PRIOR YEAR Q4​.SEARS HOLDINGS CORP - QTRLY EARNINGS PER SHARE $1.69.SEARS HOLDINGS CORP - ‍MERCHANDISE INVENTORIES AT FEBRUARY 3, 2018 WERE $2.8 BILLION, COMPARED TO $4.0 BILLION AT JANUARY 28, 2017​.SEARS HOLDINGS CORP - ‍TOTAL COMPARABLE STORE SALES DECLINED 15.6% FOR Q4​.SEARS HOLDINGS CORP - QTRLY NET INCOME HAS A NON-CASH TAX BENEFIT OF ABOUT $470 MILLION RELATED TO TAX REFORM.SEARS HOLDINGS CORP - EXPECT TO REPORT YEAR-OVER-YEAR ADJUSTED EBITDA IMPROVEMENT IN Q1 OF 2018.SEARS HOLDINGS CORP - QTRLY ‍KMART COMPARABLE STORE SALES DECLINED 12.2%, WHILE SEARS COMPARABLE STORE SALES DECLINED 18.1% IN QUARTER.SEARS HOLDINGS CORP - TAKING ACTIONS INCLUDING COST REDUCTIONS OF $200 MILLION ON AN ANNUALIZED BASIS IN 2018 UNRELATED TO STORE CLOSURES.SEARS HOLDINGS CORP - "‍RECOGNIZE THAT WE NEED TO DO MORE IF WE ARE TO DELIVER ON OUR COMMITMENT TO RETURN TO PROFITABILITY IN 2018​".  Full Article

Washington Prime Group To Buy 4 Sears Stores For About $28.5 Mln
Monday, 12 Mar 2018 04:06pm EDT 

March 12 (Reuters) - Washington Prime Group Inc ::WASHINGTON PRIME GROUP TO ACQUIRE FOUR SEARS STORES LOCATED AT TIER ONE ASSETS THROUGH A SALE-LEASEBACK.WASHINGTON PRIME GROUP INC - DEAL FOR APPROXIMATELY $28.5 MILLION​.WASHINGTON PRIME GROUP INC - WILL HAVE CONTROL OF THESE PROPERTIES FOR FUTURE REDEVELOPMENT​.WASHINGTON PRIME GROUP - ‍AGGREGATE BASE RENT UNDER LEASES IS ABOUT $1.25 MILLION PER ANNUM​.  Full Article

Sears Holdings Says Expects Total Revenue Of $4.4 Bln For Q4
Thursday, 15 Feb 2018 09:23am EST 

Feb 15 (Reuters) - Sears Holdings Corp ::SEARS HOLDINGS SAYS EXPECT TOTAL REVENUE OF $4.4 BILLION FOR Q4 - SEC FILING.EXPECTED Q4 NET INCOME ATTRIBUTABLE TO HOLDINGS’ SHAREHOLDERS $140 MILLION- $240‍​ MILLION.SEARS HOLDINGS - TOTAL COMPARABLE STORE SALES FOR Q4 DECLINED 15.6 PERCENT.Q4 REVENUE VIEW $3.86 BILLION -- THOMSON REUTERS I/B/E/S.NET INCOME EXPECTED IN Q4 IS INCLUSIVE OF A NON-CASH TAX BENEFIT OF ABOUT $445 MILLION TO $495 MILLION RELATED TO TAX REFORM.  Full Article

Photo

Sears' same-store sales losses narrow but warns it may go out of business

Sears Holdings Corp reported a smaller decline in quarterly same-store sales on Thursday, but warned again that there is doubt about the company's continued operation as it awaits approval to sell some of its businesses to its chief executive's hedge fund.