Sears Holdings Archives - CFO

Sears Owner Seeks to Opt Out of Severance Payments

Sears Owner Seeks to Opt Out of Severance Payments

Eddie Lampert had promised to pay $43 million to former workers.

By Lauren Muskett | May 30, 2019

Sears Takes More Steps to Shore up Finances

Sears Takes More Steps to Shore up Finances

If the refinancing effort is not successful, the company "will consider all other options" to maximize asset value.

By Matthew Heller | January 10, 2018

Sears Takes Further ‘Financial Flexibility’ Steps

Sears Takes Further ‘Financial Flexibility’ Steps

The struggling retailer gets more time to pay off a $400 million loan and expects to obtain a new secured credit facility.

By Matthew Heller | December 13, 2017

Sears Narrows Loss But Comp Sales Drop 15%

Financial Performance

Sears Narrows Loss But Comp Sales Drop 15%

While store closures helped Sears cut its third-quarter loss by nearly $200 million, "the fundamental economics of the business do not add up."

By Matthew Heller | November 30, 2017

Sears Swings to Profit But Sales Slide Continues

Financial Performance

Sears Swings to Profit But Sales Slide Continues

"There's no turnaround. Anybody who suggests that that's the case... is suffering from a loss of reality."

By Matthew Heller | May 26, 2017

Sears Gets $500 Million Loan

Investment Banking

Sears Gets $500 Million Loan

The new influx in credit will help Sears stay afloat until future real estate deals provide more cash to pay down outstanding debts.

By Sean Allocca | January 4, 2017

Mixed Blessings: Sears Taps New Finance Chief

Mixed Blessings: Sears Taps New Finance Chief

Retailer is said to face “significant default risk” in the next one to two years.

By David Katz | October 14, 2016

Sears Posts Loss; CFO Resigns

Sears Posts Loss; CFO Resigns

Revenue fell 8.3% to $5.39 billion, primarily driven by a 6.1% decline in comparable store sales during the first quarter.

By Katie Kuehner-Hebert | May 26, 2016

Sears’ Property Sales Prevent Q2 Loss

Sears’ Property Sales Prevent Q2 Loss

Revenues fell approximately $1.8 billion, to $6.2 billion, for the quarter ended August 1.

By Katie Kuehner-Hebert | August 20, 2015

Store Sales Data Spark Sears Stock Slide

Store Sales Data Spark Sears Stock Slide

Sales at U.S. stores open at least a year fell 10.6% in the second quarter to date as Sears tries to execute its turnaround strategy.

By Matthew Heller | August 3, 2015

Data Analytics Grows Sears Appliance-Repair Unit

Data Analytics Grows Sears Appliance-Repair Unit

The division is expecting 5% to 6% growth by eliminating 450,000 unproductive house calls.

By David McCann | April 22, 2015

Sears Starts to Harvest Its Real Estate

Sears Starts to Harvest Its Real Estate

The retailing giant is forming a real estate investment trust that will buy 254 of its Sears and Kmart properties.

By Katie Kuehner-Hebert | April 1, 2015

CDS Investors Bearish on Sears

Risk Management

CDS Investors Bearish on Sears

The spread on a one-year swap contract to insure against a Sears default rose significantly this week.

By Katie Kuehner-Hebert | February 19, 2015