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Stock Market & Financial Investment News

News Breaks
August 22, 2014
07:09 EDTSHLDSears looking to shore up balance sheet, WSJ reports
Sears CFO Robert Schriesheim says the struggling retailer is looking to take steps to shore up its balance sheet over the next six to 12 months, the Wall Street Journal reports. The executive says Sears will work with its lenders to evaluate its capital structure, and may look to refinance some debt, including its revolving credit facility. Reference Link
News For SHLD From The Last 14 Days
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December 17, 2014
08:24 EDTSHLDSears 'strategic misdirection' highlighted by Mygofer failure, WSJ says
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December 15, 2014
11:17 EDTSHLDSears to have about 1,700 Sears, Kmart stores in operation going into 2015
On a company blog post, Sears CEO Eddie Lampert said: "At our most recent Town Hall meeting with our associates, I explained that I want us to operate our stores both profitably and with excellence. Both, not just one or the other.This is the background behind our decision to close more than 200 Kmart and Sears stores in 2014. Most of these stores were losing money, some for a long time. Because of the impact on our dedicated associates and our Shop Your Way members, these decisions were not taken lightly, or without our working to improve the performance of these stores over many years. Going into 2015, we will have approximately 1,700 Sears and Kmart big box stores in operation, representing about 200 million square feet of space." Reference Link

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