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Sears reports bigger-than-expected loss for 1st quarter

The Canadian PressMay 23, 2013 21:45
NEW YORK, N.Y. - Sears Holdings Corp. reported a steeper-than-expected loss for its first quarter as the beleaguered retailer struggles to turn itself around. The operator of Sears and Kmart stores also says it is considering putting its service-agreement business up for sale to raise cash. The Hoffman Estates, Ill.-based company says it lost $279 million, or $2.63 per share for the period. That compares with a profit of $189 million, or $1.78 per share, a year earlier.

Sears losses mount, weighs sale of unit to shore up liquidity

May 23, 2013 17:31
By Siddharth Cavale (Reuters) - U.S. retailer Sears Holdings <SHLD.O> cast bigger doubts on the progress of its turnaround after reporting a bigger-than-expected quarterly loss, hurt by cooler spring weather. Shares of the company, which also said it was considering selling its service contracts business, fell 12 percent to $51.41 in heavy trading after the bell.

Sears Canada posts $31.2-million Q1 loss, same-store sales and revenue fall

The Canadian PressMay 22, 2013 08:15
TORONTO - Sears Canada Inc. (TSX:SCC) posted a $31.2-million loss as well as lower revenue in its latest quarter but says its transformation program is showing positive results that have improved margins and boosted some categories. Calvin McDonald, Sear Canada's president and chief executive officer, said the company had growth in its apparel and accessories segment for the second quarter in a row — the first time that has happened in more than six years.

Sears Canada chief says some of its business is struggling, needs 'reset'

The Canadian PressApril 29, 2013 08:46
TORONTO - Sears Canada chief executive Calvin McDonald says there is still much work to be done as the department store retailer reconsiders what it sells in its stores and how many locations it operates. "We don't have our balance 100 per cent right," McDonald said at the company's annual meeting on Thursday. "There are still businesses that we're in today ... that are struggling, declining in the marketplace and we need to reset."

US STOCKS-Wall Street slips as earnings season gets under way

January 8, 2013 18:15
* AT&T drags on S&P after announcing phone sales * Monsanto stock jumps on strong earnings, raised outlook * Sears falls more than 6 pct as Lampert takes helm * Indexes down: Dow 0.4 pct, S&P 500 0.3 pct, Nasdaq 0.2 pct By Gabriel Debenedetti NEW YORK, Jan 8 (Reuters) - U.S. stocks fell on Tuesday, retreating from last week's rally on the "fiscal cliff" deal in Washington, as companies started to report results for the fourth quarter.

US STOCKS-Wall Street slips as earnings season gets under way

January 8, 2013 17:45
* AT&T drags on S&P after announcing phone sales * Monsanto stock jumps on strong earnings, raised outlook * Sears falls more than 6 pct as Lampert takes helm * Indexes down: Dow 0.4 pct, S&P 500 0.3 pct, Nasdaq 0.2 pct By Gabriel Debenedetti NEW YORK, Jan 8 (Reuters) - U.S. stocks fell on Tuesday, retreating from last week's rally on the "fiscal cliff" deal in Washington, as companies started to report results for the fourth quarter.

US STOCKS-Wall St set to dip as earnings season begins

January 8, 2013 10:45
* Yum shares fall on shrinkage of sales in China * Monsanto stock jumps after strong earnings, raised outlook * Sears says CEO to step down, shares rise * Futures off: Dow 20 pts, S&P 2.5 pts, Nasdaq 1 pt By Rodrigo Campos NEW YORK, Jan 8 (Reuters) - U.S. stocks were set to tick lower at the open on Tuesday as an earnings season expected to show sluggish corporate growth gets under way.
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