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Sears Declares Bankruptcy, Lampert Steps Down As CEO
Monday, October 15, 2018 - 8:28am | 501Over the last five years, Sears Holdings Corp (NASDAQ: SHLD)'s stock has fallen nearly 100 percent. Now, near it’s seeming nadir, Sears continues to plummet. What Happened On Monday, management declared Chapter 11 bankruptcy and announced an immediate CEO change for the 126-year-old...
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Sears Could Be One Step Closer To Bankruptcy
Wednesday, October 10, 2018 - 8:57am | 378Struggling retailer Sears Holdings Corp (NASDAQ: SHLD) is reportedly one step closer towards filing for bankruptcy after being in business for 125 years. What Happened Sources close to the situation told The Wall Street Journal the parent company of Sears and Kmart hired the services of M-III...
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Sears To Close 72 More Stores As The Retailer Continues To Struggle
Thursday, May 31, 2018 - 12:31pm | 366Struggling department store chain Sears Holdings Corp (NASDAQ: SHLD) disappointed investors with another round of store closures in conjunction with its first-quarter results, which sent shares lower by 10 percent. What Happened Sears said Thursday it lost $3.93 per share in the first...
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How To Avoid The 'Black Friday Crunch'? Shop At Sears
Wednesday, November 1, 2017 - 5:04pm | 526Halloween has come and gone, which means it is now time to start looking forward to Black Friday shopping sales. The annual sales event is expected to be one of the busiest digital shopping days in U.S. history, according to a consumer insights and prediction report released by salesforce.com, inc...
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Sears Stock Hit A New Low
Monday, January 30, 2017 - 4:04pm | 275President Trump's controversial executive order over the weekend is dominating headlines, so Sears Holdings Corp (NASDAQ: SHLD)'s 12 percent decline is perhaps going unnoticed by some. Sears hit a new all-time low since its merger with Kmart more than 10 years ago at $6.36 on Monday and...
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How The Department Store Giants Have Fared In The Amazon Age
Thursday, December 8, 2016 - 4:05pm | 394It may be hard to imagine a world without Amazon.com, Inc. (NASDAQ: AMZN), but the Amazon era is still less than 20 years old. In fact, the Amazon online marketplace launched just 16 years ago, back in 2000. There is no question that the Amazon marketplace has been one of the most successful...
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How Did Sears' Latest Quarter Compare To J.C. Penney's Quarter?
Thursday, December 8, 2016 - 9:53am | 350Sears Holdings Corp (NASDAQ: SHLD) reported Thursday morning its third-quarter results, which were better than expected but still show no sign of a profitability turnaround. Sears said it lost $3.11 per share in the third quarter on revenue of $5.03 billion. Wall Street analysts were expecting the...
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Sears Discloses In Q1 Print It May Sell Assets To Improve Liquidity; Stock Jumps +8%
Thursday, May 26, 2016 - 9:46am | 521Sears Holdings Corp (NASDAQ: SHLD) reported its first-quarter results early Thursday morning and also announced an update to its liquidity situation. Sears Holdings said it lost $0.186 per share in the first quarter on revenue of $5.39 billion. Wall Street analysts were expecting the company to...
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After Latest Round Of Store Closings, What's Left Of Sears?
Friday, April 22, 2016 - 10:28am | 282Sears Holdings Corp (NASDAQ: SHLD) has announced that is will be closing 10 more Sears store locations and 68 Kmart locations by this summer. The closings are a part of Sears’ aggressive plan to turn around its ailing business. “The decision to close stores is a difficult but necessary...
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Sears Holdings Details New Plan To 'Restore Profitability'
Friday, April 22, 2016 - 8:28am | 259Sears Holdings Corp (NASDAQ: SHLD) announced after Thursday's market close a new plan with the objective of returning to profitability. Sears Holdings said that it will close 68 Kmart stores and 10 Sears stores throughout the summer. The company stated that the store closures should generate a...
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Sears Brings Back 'Bluelight Special' To Reinvigorate Consumers
Monday, November 2, 2015 - 3:02pm | 469Shares of Sears Holdings Corp (NASDAQ: SHLD) are lower by more than 30 percent from a year ago. Sears Holdings' Kmart said that it has brought back its iconic "Bluelight Special" marketing approach. Kmart's President Alasdair James said that its customers fondly remember the Bluelight Special...
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Sears Reveals Key Sales Figure, Investors React
Monday, August 3, 2015 - 3:34pm | 303Shares of Sears Holdings Corp (NASDAQ: SHLD) are down more than 9.5 percent on Monday trading after the company said same-store sales continued to fall substantially over the second quarter. Second quarter financial results will be announced on August 20. This is the tenth consecutive quarter in...
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The 10 Worst Companies To Work For
Tuesday, June 30, 2015 - 3:33pm | 626The site 24/7 Wall St. recently compiled its annual list of the worst companies to work for in the U.S., using data and job reviews from career website Glassdoor.com. Company rankings were determined based on employee ratings on Glassdoor, which ranged from 2.7 to 2.3 out of 5 for the 10...
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Macerich, Sears Reach Mall Real Estate Deal; What's It Mean?
Friday, May 1, 2015 - 11:02am | 909The adage "if ain't broke don't fix it," eerily applies and doesn't apply to the latest announcement to come out of Hoffman Estates, Ill. After the close of trading on April 30, Sears Holdings Corp (NASDAQ: SHLD) and high-end regional mall REIT Macerich Co (NYSE: MAC)...
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Buckle Up, Mall REIT Investors
Thursday, April 2, 2015 - 10:33am | 917The three largest U.S. mall REITs -- Simon Property Group Inc (NYSE: SPG), General Growth Properties Inc (NYSE: GGP) and Macerich Co (NYSE: MAC) -- were all in the news on April 1. Additionally, controversial mall anchor Sears Holdings Corp (NASDAQ: SHLD), took investors on a wild ride, spurred...