Sears Archives - Page 2 of 4 - CFO

Sears Says Turnaround Effort May Be in Doubt

Sears Says Turnaround Effort May Be in Doubt

The retailer warns its history of losses indicates "substantial doubt exists related to the company's ability to continue as a going concern.”

By Matthew Heller | March 22, 2017

Lands’ End’s Loss More Than Doubles to $94M

Lands’ End’s Loss More Than Doubles to $94M

The retailer's new CEO is planning to "put more resources toward running a great e-commerce business as opposed to running a great catalog business."

By Matthew Heller | March 22, 2017

Sears Sells Craftsman Tools in Latest Cash Move

Sears Sells Craftsman Tools in Latest Cash Move

The $900 million sale of the iconic brand to Stanley Black & Decker will expand distribution of Craftsman to additional channels.

By Matthew Heller | January 5, 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

Latest Sears Loss Fuels Bankruptcy Speculation

Latest Sears Loss Fuels Bankruptcy Speculation

“While Sears was once a titan of U.S. retail, it now looks set to sink,” one analyst predicts.

By Matthew Heller | December 8, 2016

Sears Loses $395M in Another Grim Quarter

Sears Loses $395M in Another Grim Quarter

The retailer's same-store sales dipped 5.2% and it is getting another $300 million in financing from CEO Edward Lampert's hedge fund.

By Matthew Heller | August 25, 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

Lands’ End Posts Fiscal Q4 Loss

Investor Relations

Lands’ End Posts Fiscal Q4 Loss

A $98 million write-down of the value of the Land's End name and a 6% drop in net sales were the lowlights.

By Katie Kuehner-Hebert | March 17, 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

Sears Exploring Sale-Leaseback of Stores

Sears Exploring Sale-Leaseback of Stores

Two hundred to three hundred stores would be sold to a newly formed real estate investment trust in a further attempt to raise cash.

By Matthew Heller | November 7, 2014

Sears Announces Third Cash Boost in Two Months

Sears Announces Third Cash Boost in Two Months

The struggling retailer plans to raise $625 million through an offering of notes and warrants.

By Matthew Heller | October 22, 2014

Baptist Pastor Moonlights as CFO

Baptist Pastor Moonlights as CFO

Some members of his flock asked for business advice, and now he's the finance chief at a suddenly growing company.

By David McCann | February 6, 2014