Hints and tips:
...Sears, once the world’s largest retailer, filed for bankruptcy last year....
...there will be a reduction of around 75 senior management head office roles . . . the plan will ultimately lead to an overall cost saving of c. £100m.”...
...Both mass-market Sears and luxury Barneys New York have been through bankruptcy proceedings in the past year....
...That history survives in the name of the oldest investment trust, Foreign and Colonial, which celebrated its 150th anniversary in 2018 and now prefers the more discreet title F&C....
...Just over half are in mid-tier class B locations and about a fifth in out-of-favour class C....
...The New Britain, Connecticut-based tool maker, which acquired the iconic Craftsman name from Sears Holdings, began selling Craftsman-branded products through Lowe’s, Ace Hardware and Amazon.com last year...
...Sales fell to C$3.2bn from C$3.27bn during the period....
...The company recently announced a restructuring where it will cut 2,000 jobs and take out C$350m in annual costs. Capital expenditures for 2017 have also been cut by C$100m or a tenth....
...The new C$2bn credit facility, for example, replaces one signed under duress in April, shortly after the OSC announced its probe....
...Malls are also hurting, as chains from Sears to Macy’s shut hundreds of stores....
...Shares in Kohl’s advanced 2 per cent to $35.19, Sears shares rose 1 per cent to $13.19, Macy’s shares climbed 2 per cent to $31.94 and shares in JC Penney rose 4.1 per cent to $8.35....
...But it struck a chord with voters, while the Remain camp unwittingly helped sear it in the minds of voters....
...The dimly lit, gritty complex, anchored by Sears and Old Navy, stands in stark contrast to the carpeted, shiny corridors of its posh rival....
...Asset values of high-end malls have nearly doubled since 2007, while the value of lower tier “C” and “D” malls has declined, says Green Street Advisors, a real estate consultancy....
...Activist US hedge fund Elliott Associates has upped the ante against Samsung Group, saying it will seek an injunction to block the proposed merger between Samsung C&T and Cheil Industries....
...Sears Canada said it lost C$75.2m, or 74 Canadian cents a share, for the quarter, compared to a C$31.2m loss a year earlier. Sales declined 11 per cent to C$772m....
...(Bloomberg) The SEC “is looking into J.C. Penney’s controversial offering of about $800 million in stock this fall....
...In January 2011, Target agreed to pay C$1.82bn to acquire leases on up to 220 sites operated by Zellers, a fading Canadian discount retailer....
...Pick one struggling retailer (a) Staples (b) Best Buy (c) Gap (d) Sears and match it to one of the restructuring plans announced since the end of last year: 1 Close about 5 per cent of large format...
...Some, such as Sears and JC Penney, the US mid-market department stores, are struggling in a crowded market. They have a surfeit of physical space and are being attacked by online retailers....
...A key challenge for Mr Walden, who has been advised by OC&C Strategy Consultants, is to bolster Argos’s online offering....
...Back in the 1920s and 1930s, H Street – from 3rd to 15th Streets – was a thriving commercial and cultural corridor, home to Washington’s first Sears Roebuck store and the gleaming Art Moderne-styled Atlas...
...Sears Holdings , parent company of the Sears and Kmart department store chains, fell by more than 12 per cent over the five days to make it the worst performing stock on the S&P 500....
...They include Walmart, Home Depot and Best Buy as well as Target, Sears and JC Penney....
...Its third-quarter profit of C$186.3m, or C$1.10 a share, was below analysts’ expectations and C$10.5m lower than a year earlier....
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