Sears' unsecured creditors filed an objection Thursday morning to Chairman Eddie Lampert's deal to save the company through his hedge fund, ESL Investments. » Read More
By: Lauren Thomas
Macy's, J.C. Penney, Nordstrom and Kohl's each have given Wall Street a glimpse at how they performed this holiday season. And it doesn't look good. » Read More
Sears Chairman Eddie Lampert's winning bid creates a path for the company to emerge from bankruptcy. » Read More
Sears reached a roughly $5 billion deal with Chairman Eddie Lampert to keep the company and about 400 stores open.
Nordstrom said it now expects its diluted earnings per share for fiscal 2018 to fall on the low end of a prior range of $3.27 to $3.37.
Janet Yellen, former chair of the Federal Reserve, made the comments Monday during the National Retail Federation's annual Big Show in New York.
"Shoppers return 5 to 10 percent of what they purchase in store but 15 to 40 percent of what they buy online," David Sobie, co-founder and CEO of Happy Returns tells CNBC.
Bank of America downgraded Macy's after the department store reported disappointing holiday sales and cut its earnings outlook for 2018.
Shares of the country's biggest department stores tumble, led by disappointing holiday results delivered by the biggest department store in the U.S. by market cap, Macy's.
J.C. Penney on Tuesday said it would be closing three locations by this spring, as it continues to evaluate its real estate.
It could not be immediately determined whether Chairman Eddie Lampert will be able to pull together an offer for Sears that sufficiently addresses a prior bid's shortcomings.
As bankrupt Sears inches toward liquidation, Amazon on Monday became the most valuable public company in the world, surpassing Microsoft.
A bankruptcy judge is giving Sears Chairman Eddie Lampert another chance to buy the company out of bankruptcy and save roughly 50,000 jobs.
Eddie Lampert's $4.4 billion offer was Sears' only shot at staying alive and preserving 55,000 jobs. ESL plans to contest Sears' decision.
Eddie Lampert's $4.4 billion offer was Sears' only shot at staying alive and preserving 55,000 jobs. But the bid ultimately came up short.
Eddie Lampert's $4.4 billion offer is the only bid that could keep the company going in its entirety. Without it, the company may liquidate.
The vacancy rate at regional and super regional malls fell to 9 percent in the fourth quarter of 2018 from the prior quarter, based on a survey released Thursday by real estate research firm Reis of 77 metropolitan areas across the country.
Nordstrom disclosed in December that Blake had been diagnosed with lymphoma.
Eddie Lampert on Wednesday outlined his $4.4 billion bid to buy 425 Sears stores to keep it alive. Lampert also put forward a second bid for at least 250 stores, to buy Sears in pieces in a partial liquidation.