Tag Archives: Edward Lampert

Q1 Loss Up at Sears; Company Closes Stores

Sears Holdings

HOFFMAN ESTATES, Ill.-Sears Holdings said its first-quarter net loss totaled $402 million, compared to $279 million last year, and added that it has closed about 80 underperforming stores this year and may close more during the remainder of the year. Edward Lampert, chairman and CEO of the Sears/Kmart parent, said the first quarter reflected theMore »

Sears Slims Q4 Loss; Fiscal-Year Loss Increases

Sears

HOFFMAN ESTATES, Ill.-Sears Holdings said its fourth-quarter net loss fell from $489 million last year to $358 million in this year’s quarter. Meanwhile, the company’s net loss for the fiscal year ending on Feb. 1 rose from $930 million to $1.4 billion. Edward Lampert, Sears Holdings’ chairman and CEO, said the company’s results continue toMore »

Jerry’s Kids

Duke_Ratliff

I loved the old Jerry Lewis movies when I was a child (not so much as an adult). Mostly forgotten, one of the films featured Lewis slapsticking and mugging his way through his duties as an employee at the fictional Tuttle Department Store. The movie was called “Who’s Minding the Store?”, a phrase that hasMore »

Sears Loss Grows in Q3

Sears

HOFFMAN ESTATES, Ill.-Declines in sales and a jump in promotional activity made the ink in Sears Holdings’ bottom line redder in its fiscal third quarter, ending on Nov. 2. The company posted a net loss of $534 million in the quarter, compared to a net loss of $498 million in last year’s third quarter. NetMore »

Sears Holdings’ Loss Grows in Q2

Sears Holdings

HOFFMAN ESTATES, Ill.-In a second quarter in which the company’s revenues and gross margin continued to slide, Sears Holdings reported a net loss of $194 million, compared to its net loss of $132 million in last year’s second quarter. Total sales and merchandise services in the quarter, which ended on Aug. 3, were $8.9 billion,More »