Warren Buffett disclosed an 8.02 percent stake in Seritage Growth Properties , a real estate trust created by retailer Sears Holdings.» Read More
U.S. stocks closed sharply lower as yields climbed and traders were worried the Fed would raise rates while the economy is too weak.
Dec 3- Canadian department store operator Sears Canada Inc said its same-store sales rose 0.4 percent in the third quarter- the first rise in two years- helped by higher sales of major appliances, furniture and mattresses. Toronto- based Sears Canada said on Thursday it was aiming for additional cost savings of C $30 million- C $40 million on an annualized basis in...
U.S. stock futures were sharply higher, after yesterday's slide essentially wiped out Tuesday's big rally. Investors this morning are focusing on the Fed and the European Central Bank.
The company, whose largest shareholder is Sears Holdings Corp Chief Executive Eddie Lampert and his hedge fund, said its net loss narrowed to C $53.2 million, or 52 Canadian cents per share, in the quarter ended Oct. 31 from C $118.7 million, or C $1.16 per share, a year earlier.
Dec 3- Sears Holdings Corp reported a smaller quarterly loss on Thursday, helped by cost cuts, but the retailer's sales continued to tumble, hurt by weak apparel and consumer electronics demand. The owner of the Sears department store and Kmart discount store chains said its net loss attributable to shareholders narrowed to $454 million in the third quarter...
Dec 3- Sears Holdings Corp reported a narrower quarterly loss on Thursday as it cut costs, but the retailer's sales continued to tumble, hurt by weak apparel and consumer electronics sales. Sears, which runs the Sears department store and Kmart discount store chains, said its net loss attributable to shareholders came to $454 million in the quarter ended Oct. 31,...
Brands are beginning to rely more heavily on digital advertising through mobile to bring people to their stores.
U.S. stocks closed narrowly mixed in low volume trade after a slew of data releases Wednesday, the last full trading day of the holiday week.
For the retailers that have been knocking on death's door, this holiday shopping season has taken on an added sense of urgency.
Nov 19- Best Buy Co Inc forecast a revenue decline for the crucial holiday quarter and reported lower-than-expected quarterly sales due to weak demand for mobile phones, tablets, repair services and warranties. Chief Executive Officer Hubert Joly on an earnings conference call attributed the results for the third quarter ended Oct. 31 to weakness in the...
*Best Buy will report quarterly earnings on Thursday. *Sears' woes create opportunity for Best Buy in appliances. CHICAGO, Nov 18- Best Buy Co Inc is betting that appliance sales will drive significant revenue growth in the future, a strategy that is likely to benefit the biggest U.S. electronics chain when it reports earnings on Thursday.
Bidders have found little appeal in disfavored retail stocks, even as chains sink to valuations that were appealing in the past.
Ahead of one of the biggest shopping events of the year, a group of retail companies could see their shares rise, if history is any guide.
For Macy's and fellow brick-and-mortar retailers, the need to do something new is getting much more pressing.
Target, Best Buy, Toys R Us, Sears, Belk, Macy's, Staples and J.C. Penney also will be open on Thanksgiving Day.
Some of the names on the move ahead of the open.
U.S. stock futures were higher this morning, as historically-bullish November trading begins after traditionally-bearish October turned in the best month in four years.
The retailer started sounding the blue sirens used to flag the surprise, 15- minute long deals to shoppers at its 942 stores on Friday, and will kick-off a marketing campaign to highlight the move with a TV ad on "Sunday Night Football" on NBC. "It's part of our DNA," said Kmart President Alasdair James, a former executive at British retailer Tesco PLC who joined the...
The world's largest retailer on Thursday offered its first peek at what shoppers can expect from the discounter this holiday season.
A "Death by Amazon" index created by a research firm shows that the online retailer's dominance of the rest of the industry has never been greater.