Sears swings to profit, shares soar
Shares of Sears Holdings Corp. rose nearly 10 percent Thursday as the company posted a first quarter profit and said it plans to spinoff part of its struggling Canadian business.
Read more...
Sears' 1Q Loss Narrows
Sears Holdings reported first-quarter 2012 adjusted loss of 31 cents per share, better than the Zacks Consensus Estimate of a loss of 59 cents per share. The quarterly loss was much better than the prior-year ...
Read more...
Sears Holdings Reports First Quarter 2012 Results
HOFFMAN ESTATES, Ill., May 17, 2012 /PRNewswire/ -- Sears Holdings Corporation ("Holdings," "we," "us," "our" or the "Company") (SHLD) today reported ...
Read more...
Sears plans to spin off big piece of Canada stake
(Reuters) - Sears Holdings Corp said on Thursday it plans to spin off a large part of its stake in its Canada unit, which Chairman Edward Lampert spent years trying to gain control of, to better focus on its U.S. business. Separately, Sears Holdings reported a first-quarter adjusted operating loss that came in better than analysts' estimates but revenues fell from a year ago. Sears Holdings owns ...
Read more...
Struggling Sears To Spin Off Chunk Of Canadian Stake
Sears Holdings will spin off a large stake in its Canadian unit, the company said this morning. The sale marks Sears' latest money-raising move, as the beleaguered retailer tries to stay in business.
Read more...
|