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Sears Holdings Corp (SHLD.OQ)

SHLD.OQ on NASDAQ Stock Exchange Global Select Market

2.21USD
20 Jul 2018
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Latest Key Developments (Source: Significant Developments)

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

Sears Holdings Enters Amendment To Term Loan Credit Agreement
Thursday, 1 Feb 2018 09:26am EST 

Feb 1 (Reuters) - Sears Holdings Corp ::SEARS HOLDINGS - ‍ON JAN 29, ENTERED AMENDMENT TO TERM LOAN CREDIT AGREEMENT TO BORROW ADDITIONAL $20 MILLION FROM INITIAL LENDERS.SEARS HOLDINGS SAYS AMENDMENT, AMONG OTHER CHANGES, SEPARATES LOANS UNDER TERM LOAN FACILITY INTO TWO TRANCHES - SEC FILING.SEARS HOLDINGS CORP - THE LOANS UNDER THE TERM LOAN FACILITY MATURE ON JULY 20, 2020.SEARS HOLDINGS - PURSUANT TO AMENDMENT ALSO BORROWED FURTHER $60 MILLION FROM UNAFFILIATED LENDERS.  Full Article

Fairholme Capital Management LLC Reports 17.9 Pct Stake In Sears Holdings Corp As Of Nov 16
Thursday, 11 Jan 2018 06:12am EST 

Jan 11 (Reuters) - Sears Holdings Corp ::FAIRHOLME CAPITAL MANAGEMENT LLC REPORTS 17.9 PERCENT STAKE IN SEARS HOLDINGS CORP AS OF NOVEMBER 16 - SEC FILING.FAIRHOLME CAPITAL MANAGEMENT L.L.C. HAD EARLIER REPORTED 21.8 PERCENT STAKE IN SEARS HOLDINGS CORP AS OF NOVEMBER 1, 2017 - SEC FILING‍​.  Full Article

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Sears to close 72 more stores, sales fell

Sears Holdings Corp , the one-time American retail giant, said on Thursday it plans to shutter another 72 locations to stem losses in the face of deepening financial distress and reported a nearly 12 percent drop in quarterly comparable-store sales.