International Business News - Sears http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Standard & Poor's Ratings Services on Thursday downgraded Sears Holdings Corp., saying it expects earnings for the operator of Sears and Kmart stores will remain under pressure amid the recession. http://www.ibtimes.com/articles/20081204/standard-poors-downgrades-sears-holdings.htm Thu, 04 Dec 2008 17:49:30 EST Sears Holdings Corp., which operates Sears and Kmart stores, said Thursday Michael D. Collins has been named chief financial officer as expected, effective immediately. http://www.ibtimes.com/articles/20081204/sears-holdings-names-new-chief-financial-officer.htm Thu, 04 Dec 2008 07:21:53 EST Among the earnings stories for Tuesday, Dec. 2, from AP Financial News: Top stories: http://www.ibtimes.com/articles/20081202/earnings-roundup-sears-beazer-staples.htm Tue, 02 Dec 2008 10:22:17 EST Department store chain Sears Holdings Corp. said Tuesday that former Lehman Brothers Holdings Inc. executive Scott Freidheim will be its new executive vice president of operating and support businesses. http://www.ibtimes.com/articles/20081202/sears-taps-former-lehman-exec-for-evp-post.htm Tue, 02 Dec 2008 10:36:50 EST Sears Holdings Corp. posted its biggest quarterly loss since financier Edward Lampert combined Sears and Kmart into one retail company, due mainly to hefty charges related to store closures and disappointing U.S. sales. http://www.ibtimes.com/articles/20081202/sears-suffers-3q-loss-to-close-8-more-stores.htm Tue, 02 Dec 2008 18:52:37 EST Sears Holdings Corp. reports results for the fiscal third quarter on Tuesday. The following is a summary of key developments and analyst opinion related to the period. http://www.ibtimes.com/articles/20081128/earnings-preview-sears-holdings-corp.htm Fri, 28 Nov 2008 11:44:07 EST The retailer Sears Holdings Corp. said Tuesday it will add 130,000 automotive parts and accessories for purchase on its Web site. In addition to tires, wheels and batteries already for sale on Sears.com, the company will add parts and accessories for cars, trucks, motorcycles, campers, recreational vehicles, all-terrain vehicles and utility-terrain vehicle. http://www.ibtimes.com/articles/20081118/sears-adds-auto-parts-for-purchase-on-web-site.htm Tue, 18 Nov 2008 15:33:32 EST Sears Holdings Corp. is bringing layaway back to its namesake stores next week, nearly two decades after it was scrapped, after seeing a strong response to the pay-as-you-go plan at its Kmart locations. http://www.ibtimes.com/articles/20081112/sears-restores-layaway-program-amid-retail-gloom.htm Wed, 12 Nov 2008 22:05:26 EST An analyst slashed the price target and earnings forecasts for retailer Sears Holdings Corp. Monday, saying the owner of Sears and Kmart stores will contend with weak sales trends amid a slumping economy. http://www.ibtimes.com/articles/20081110/sears-dips-after-analyst-cuts-price-target.htm Mon, 10 Nov 2008 14:22:15 EST Shares of Sears Holdings Corp. fell Monday after Standard & Poor's Equity Research lowered its price target and earnings estimates for the department store chain, saying the retailer would likely "disappoint" because weaker-than-expected fall sales are plaguing the sector. http://www.ibtimes.com/articles/20081103/sears-shares-dip-after-s-p-trims-price-target.htm Mon, 03 Nov 2008 19:26:56 EST Shares of Sears Holdings Corp. fell Monday after an analyst cut the retailer's price target. Goldman Sachs analyst Adrianne Shapira added the suburban Chicago company to the investment bank's "conviction sell list" while lowering the retailer's 12-month price target to $46 from $61. http://www.ibtimes.com/articles/20081013/sears-shares-fall-after-target-cut.htm Mon, 13 Oct 2008 19:55:55 EDT Sears Holdings Corp. said Monday that Michael D. Collins has joined the department-store retailer as senior vice president, finance, and is expected to succeed J. Miles Reidy as chief financial officer by the end of fiscal 2008. http://www.ibtimes.com/articles/20081013/sears-grooms-a-new-cfo.htm Mon, 13 Oct 2008 12:45:02 EDT Credit-ratings agency Fitch Ratings downgraded the ratings of Sears Holdings Corp. Friday because of the retailer's weakening credit metrics. Sears Holdings Corp.'s long-term issuer default rating was downgraded further into junk to "B+" from "BB." http://www.ibtimes.com/articles/20080919/fitch-downgrades-sears-debt-ratings.htm Fri, 19 Sep 2008 17:12:01 EDT Sears Holdings Corp., which operates Sears and Kmart stores, on Monday named Michelle Pearlman senior vice president and president, jewelry. Pearlman previously led the Internet sales division of AnnTaylor Stores Corp., and formerly was an associate principal at McKinsey & Co. working on turning around retail companies. http://www.ibtimes.com/articles/20080915/sears-names-top-jewelry-executive.htm Mon, 15 Sep 2008 08:55:48 EDT Sears Holdings Corp. said Tuesday it will launch a sportswear collection inspired by the First Infantry Division of the U.S. Army. It is the first time the U.S. Army has licensed the use of its marks and insignias. http://www.ibtimes.com/articles/20080902/sears-to-launch-army-inspired-collection.htm Tue, 02 Sep 2008 14:22:56 EDT A look at how retailer Sears Holdings Corp. performed during the second quarter.--Profit: $65 million, or 50 cents per share; down from of $173 million, or $1.15 per share a year earlier. Excluding a special item, earnings per share were 21 cents. http://www.ibtimes.com/articles/20080828/sears-holdings-earnings-at-a-glance.htm Thu, 28 Aug 2008 16:18:28 EDT Sears Holdings Corp. offered a downbeat outlook Thursday, predicting that sales and gross profit margins will likely continue to be pressured for the rest of the year amid a challenging economy. http://www.ibtimes.com/articles/20080828/sears-offers-downbeat-outlook.htm Thu, 28 Aug 2008 07:24:09 EDT Beleaguered retailer Sears Holdings Corp. reported a hefty drop in second-quarter profit as sales slumped, despite a restructuring aimed at drawing back shoppers who've taken their checkbooks elsewhere. http://www.ibtimes.com/articles/20080828/sears-2q-profit-drops-62-percent.htm Thu, 28 Aug 2008 16:37:19 EDT Sears Holdings Corp. reports earnings for the second quarter on Thursday. The following is a summary of key developments and analyst opinion related to the period. http://www.ibtimes.com/articles/20080827/earnings-preview-sears-holdings-corp.htm Wed, 27 Aug 2008 14:53:02 EDT Sears Holdings Corp. voluntarily recalled 145,000 Kenmore brand coffee makers because the wiring can overheat and cause fires or burns, the U.S. Consumer Product Safety Commission said Tuesday. http://www.ibtimes.com/articles/20080826/sears-recalls-145-000-coffee-makers-on-fire-risk.htm Tue, 26 Aug 2008 16:25:31 EDT