6.55 0.00 (0.00%)
After hours: 5:08PM EDT
|Bid||6.49 x 1000|
|Ask||6.55 x 1000|
|Day's Range||6.06 - 6.60|
|52 Week Range||5.48 - 14.32|
|PE Ratio (TTM)||-0.51|
|Earnings Date||Dec 6, 2017 - Dec 11, 2017|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.00|
Sears Canada’s decision to liquidate its assets has laid a $79.3 million pension liability at the door of the Ontario provincial government, people familiar with the matter said.
Sears' grim fate seems inevitable. While one more holiday season could extend its life, the prospects behind a total rebirth seem grim.
The collapse of Sears Canada, leaving vacant stores across the country with enough square footage to cover two-thirds of Manhattan Island, could actually boost profits for many mall owners who will be able to replace the retailer with tenants who can afford higher rents. Sears Canada, which begins liquidation sales on Thursday, is the latest casualty in the reeling retail industry, where average operating profit margins have been stuck below 5 percent. Mall owners have some hope amid the gloom.
Kroger Co. (NYSE:KR) may be down but it is not out. Ever since Amazon.com Inc. (NASDAQ:AMZN) officially entered the grocery space with its Whole Foods Market, Inc. (NYSE:WFM) acquisition, a cloud of doom and gloom has settled over the industry. The arrival of Amazon struck fear into the hearts of investors leaving even the most well-established industry leaders to suffer.
The retailer's second-largest shareholder liquidated one of his fund's holdings. Here's what the new owners of Sears shares can do with their assets instead of holding Sears.
NEW YORK, NY / ACCESSWIRE / October 17, 2017 / Nordstrom sinks after Wall Street finds out that the Nordstrom family's efforts to go private are now suspended. Shares of Sears also crumbled after a key ...
Sears stock sinks to an 8-month low after the CIO of the retailer’s second-biggest shareholder steps down from the board of directors.
J.C. Penney's shrinking market valuation is a sign that experts believe that holiday sales may be poor enough that the struggling retailer will have to sharply cut its store count and employee levels once ...
Sears Holdings director Bruce Berkowitz, whose firm holds a 27% stake in the retailer, is resigning from company’s board later this month after less than two years in the role.
The decision by Berkowitz, the head of investor fund Fairholme Capital Management, was not the result of a disagreement over operations, policy or practices, Sears said in a statement. A fund managed by Fairholme Capital Management disposed of 3.14 million Sears shares on Oct. 12, according to a regulatory filing. As part of a previously approved plan of liquidation, the fund distributed the stock to the fund's investors, including 727,816 shares of Sears stock to Berkowitz.
Shares of Sears Holdings Corp. have tumbled after the ailing retailer announced that an executive of the company's second largest shareholder was resigning from is board. The Hoffman Estates, Illinois, ...
Netflix Inc. will report third-quarter earnings after the market closes on Monday. The company's subscriber growth numbers are always a focus for investors and analysts have forecast that Netflix will ...
As shares of Sears (SHLD) have tumbled...and tumbled...and tumbled, CEO Eddie Lampert could always count on the backing of Fairholme's Bruce Berkowitz. Well, today, Berkowitz resigned from the Sears board. ...
Investor Bruce Berkowitz is shutting his hedge fund and distributing its holdings to investors, including a stake in Sears Holdings Corp.
Sears Holdings' biggest outside shareholder announced on Monday he will exit the board, causing the company’s stock to slide almost 14 percent. Bruce Berkowitz will depart his seat on Oct. 31, according to the company . “I want to thank Bruce for his long-term commitment and investment in Sears Holdings,” Sears CEO Edward Lampert said in a statement.
Shares of Sears Holdings (SHLD) were down more than 9% in morning trading Monday after the struggling retail company announced that a key investor is leaving its board of directors.
Bruce Berkowitz, the largest outside shareholder at Sears Holdings Corp., is leaving the retailer’s board after a brief tenure.