$SHLDQ News

Last published 4y ago

4y agoWMT SHLDQ AMZN EBAY+5Stolen goods sold on Amazon, eBay and Facebook are causing havoc for major retailersCNBCLegislators and retailers want Amazon and Facebook Marketplace to crack down on the sale of stolen goods following a recent spree of organized retail theft.
5y agoSHLDQ C BEN REV+1Lazard Is Said in Talks to Buy Hedge Fund Brigade in Credit PushBloomberg
5y agoAMZN MCO SHLDQ GSAmerican Tire to Eye $1 Billion Refinancing Post BankruptcyBloombergBankers for American Tire Distributors Inc. are sounding out investors on a junk bond sale that would help the company refinance its debt two years after exiting bankruptcy, according to people with knowledge of the matter.
6y agoSHLDQ BLKIA SPGJ.C. Penney Lenders Consider Teaming Up With Outside BiddersBloombergThe lenders steering J.C. Penney Co.’s bankruptcy are considering joining forces with an outside bidder to buy the retailer after efforts to line up an independent owner stalled.
6y agoWMT TGT AMZN DKS+1Schwinn shifts marketing gears as bike riding surges during the coronavirus crisisCNBCRetail demand for bicycles in the U.S. has been surging since the pandemic and Schwinn is riding ecommerce sales through mass retailers, like Walmart and Target.
6y agoSHLDQ NFLX AMZN SPG+1Mall REIT Chief Is Fighting to Prove the Bond Traders WrongBloombergWashington Prime Group Inc., one of the biggest mall owners in the U.S., collected just over 40% of its rent in the second quarter. Chief Executive Officer Lou Conforti’s response: “So what?”
6y agoAMZN SPG SHLDQAmazon reportedly discussing using former J.C. Penney and Sears stores as fulfillment centersCNBCThe Sears and J.C. Penney locations could give Amazon more fulfillment center space, closer to customers, where delivery drivers could come unload and pick up packages.
6y agoSHLDQ SPG AMZNSimon Property Weighs Empty Mall Spaces as Amazon Centers: DJBloombergMall operator Simon Property Group Inc. has been in talks with Amazon.com Inc. to turn some empty store space formerly occupied by anchor tenants such as J.C. Penney Co. Inc. and Sears Holdings Corp. into Amazon fulfillment centers, Dow Jones reported, citing people familiar with the matter.
6y agoSHLDQ SPGJ.C. Penney Lender Group Seeks Higher Bids from Potential BuyersBloombergA group of lenders steering J.C. Penney Co.’s bankruptcy process is asking potential buyers of the retail chain to increase their bids after a round of offers in July were seen as too low, according to people familiar with the matter.
6y agoHLI BAC WFC SHLDQ+4Briggs & Stratton, Stalwart of Suburban Lawn Culture, Goes BustBloombergAnother icon of post-war American suburbia went bust as Briggs & Stratton Corp. declared bankruptcy, felled by weak sales, too much debt and a final push over the edge from the coronavirus pandemic.
6y agoHLI BAC WFC SHLDQ+1Century-Old Engine Maker Briggs & Stratton Files BankruptcyBloombergBriggs & Stratton Corp., the century-old maker of engines for lawn mowers and garden equipment, filed for bankruptcy with plans to sell its assets to a private equity firm specializing in manufacturers.
6y agoAB MS JCP SHLDQ+1Icahn’s ‘Beautiful Trade’ Pays Off Early With Malls Forced ShutBloombergEastview Mall, 14 miles southeast of downtown Rochester, New York, was a rare bright spot among regional shopping centers.
6y agoAMZN NFLX ZM WMT+6How the coronavirus and retail closures are accelerating the rise of AmazonCNBCAmazon is positioned to be one of the biggest beneficiaries of the pandemic and the broader collapse of struggling retailers.
6y agoSHLDQ FMCC FNMAHow Do You Solve a Problem Like Fannie and Freddie?BloombergFHFA chief Mark Calabria’s decisions could rock a $5 trillion mortgage market and make a lot of money for hedge funds.
6y agoSHLDQ JCPJ.C. Penney Loan Auction Scrapped by H/2 After Bids Fall ShortBloombergH/2 Capital Partners scrapped an auction for J.C. Penney Inc.’s term loan held by the hedge fund after a weak reception from potential buyers, according to people with knowledge of the situation.
7y agoWMT AMZN AONE BAC+1Sears May Stay Alive With Rescue Bid Cobbled by LampertBloombergSears Holdings Corp. got another chance at survival after Chairman Eddie Lampert put together a last-minute, last-ditch bid to buy the retailer out of bankruptcy.
7y agoBAC SHLDQLampert Seeks an Extension to Finance His Sears BidBloombergEddie Lampert is asking for more time to round up financing for his bid to keep Sears Holdings Corp. alive, according to people with knowledge of the matter.
8y agoSHLDQ TSLALasry Says He's Getting 'Massively Overpaid’ on Tesla Debt WagerBloombergMarc Lasry, chief executive officer of Avenue Capital Group, said he’s buying Tesla Inc.’s debt and isn’t worried about the carmaker’s immediate ability to pay.
8y agoAONE AMZN SHLDQ WMTSears Is an Afterthought for Walmart Investors at Annual MeetingBloombergAt Walmart Inc.’s annual investor day, analysts peppered the retailer’s senior leadership with questions about Amazon.com Inc., German discounter Aldi and everything in between.
8y agoSHLDQSears Has Best Week Since June After CEO Opens Up in Vanity FairBloombergShares of Sears Holdings Corp. are on pace for their best weekly performance since June after the April issue of Vanity Fair, published this past weekend, featured an interview with the department store’s CEO Eddie Lampert.
9y agoBAC SHLDQ M JWNNordstrom Suspends Buyout After Struggling to Get FinancingBloombergNordstrom Inc. is suspending efforts to take the company private after struggling to get financing with favorable terms, another sign that the department-store industry has lost favor with both customers and investors.
9y agoLOW AONE SHLDQEddie Lampert's Retail Empire Wobbles With Sears Canada FilingBloombergEddie Lampert’s sprawling retail empire, built when the billionaire combined Kmart and Sears more than a decade ago, just suffered its highest-profile stumble yet.
9y agoFNMA SHLDQ AMZNBerkowitz Says Amazon Deal Shows Value of Physical RetailingBloombergInvestor Bruce Berkowitz said Amazon.com Inc.’s purchase of Whole Foods Market Inc. demonstrates that there’s still value in the traditional world of retailing.
9y agoMSFT YELP COF ABNB+5Amazon Shares Hit $1,000, Showing E-Commerce, Cloud ProwessBloomberg
10y agoNMG AONE SHLDQ TOYS+3Target Goes Big on Discounts This Holiday Season, Bringing Some HeadachesBloombergTarget Corp. Chief Executive Officer Brian Cornell has gotten more aggressive with holiday discounts during his second year of a turnaround effort, a strategy that is undercutting some rivals on price while also bringing headaches.
11y agoMSFT BKST SHLDQ AMZN+1Barnes & Noble's New CEO Sees Non-Book Items as Key to HolidaysBloombergFor Barnes & Noble Inc., it’s going to be a hands-on holiday season, said new Chief Executive Officer Ron Boire.
12y agoSHLDQSears Plans $625 Million of 8% Notes for Rights OfferingBloombergSears Holdings Corp. is planning a rights offering to stockholders for $625 million of notes plus warrants to buy additional shares as the retailer pursues capital that will give it time to return to profitability.
12y agoTGT SHLDQSears Holdings Plans Share Offering for Sears CanadaBloombergSears Holdings Corp., reeling from nine straight quarterly losses, plans a rights offering of Sears Canada Inc. shares to generate as much as $380 million in cash and decrease its stake in the struggling business.
12y agoSHLDQSears Borrows $400 Million From Lampert’s ESL InvestmentsBloombergSears Holdings Corp. is taking a $400 million short-term loan from the hedge fund owned by its chief executive officer and largest shareholder, Edward Lampert.
12y agoAIG SHLDQSears Vendors Said to Face Cutbacks From Insurance FirmsBloombergInsurance companies that provide protection to Sears Holdings Corp. suppliers have scaled back policies in recent months, people with knowledge of the matter said, following seven years of declining sales at the department-store chain.
12y agoMCO YRCW SHLDQ GPS+11U.S. GDP, Ukraine, Mobile World: Week Ahead Feb. 24-March 1BloombergFeb. 24 (Bloomberg) -- The U.S. economy may have grown less
12y agoORCL BX AHG WM+6HP Said to Plan Board Renomination Seeking StabilityBloombergHewlett-Packard Co. plans to renominate its slate of directors -- including activist investor and interim chairman Ralph Whitworth -- according to people with knowledge of the matter, seeking stability after years of board turnover.
12y agoAONE GPS GS AZO+2Lampert’s Clients Pull Money Unimpressed by Sears RallyBloombergSears Holdings Corp. gained 54 percent this year through November. It was the best performer among the U.S. listed stocks held by Eddie Lampert’s hedge-fund firm and the biggest contributor to an estimated 41 percent return from those investments.
12y agoAN SHLDQLampert Cuts Sears Stake Below 50% to Meet RedemptionsBloombergEdward Lampert, the hedge-fund manager who for the past eight years tried to turn around Sears Holdings Corp., cut his stake in the retailer below 50 percent.
12y agoJPM BAC WMT TGT+5Amazon Sunday Packages Won’t Stem Postal LossesBloombergAmazon.com Inc.’s new deal with the U.S. Postal Service will put diapers and books into the hands of its customers on Sundays. Postal Service officials want it to pave the way for similar deals in the future.
13y agoSHLDQSears Posts $279 Million Quarterly Loss as Revenue SlumpsBloombergSears Holdings Corp., the retailer controlled by billionaire hedge-fund manager Edward Lampert, posted a quarterly loss of $279 million, hurt by costs related to store closings and severance expenses. The shares tumbled.
13y agoAXP DAL JPM MA+4US Airways-AMR Merger Spurs Talks on Branded Credit CardsBloombergUS Airways Group Inc. and AMR Corp.’s American Airlines are negotiating with banks including Barclays Plc and Citigroup Inc. to provide a branded credit card once they complete a merger creating the world’s largest carrier.
13y agoRJF BAC GRPN SHLDQU.S. Stock Futures Rise Before GDP Report; Sears RalliesBloombergU.S. stock-index futures advanced, indicating the Dow Jones Industrial Average will extend a five-year high, before a report that may show the economy expanded in the fourth quarter.
13y agoPVH VFC SHOO WMT+6J.C. Penney Lowest Sales in Decades Show Johnson StumblesBloombergJ.C. Penney Co. Chief Executive Officer Ron Johnson is facing mounting pressure after the first year of his turnaround plan resulted in the department-store company’s lowest annual sales in more than two decades.
13y agoTGT WMT SHLDQSears Has $489 Million Loss as Sales Continue Six-Year FallBloombergSears Holdings Corp., the retailer controlled by hedge-fund manager Edward Lampert, posted a fourth-quarter loss that was larger than it forecast last month, as sales fell for the sixth consecutive year.
13y agoSHLDQCanada Stocks Erase Losses as Financials Rebound, Gold RalliesBloombergCanadian stocks erased losses in the last half hour of trading as financial shares reversed earlier declines and gold gained the most in a week.
13y agoFORR AONE TGT SHLDQ+7Groupon Profit Tied to DealAdvisor’s Flash-Sale SoftwareBloombergAs Groupon Inc. rushes into e-commerce, it needs to line up vast numbers of products to become profitable. To secure sufficient inventory, the company is developing software that will help small retailers easily set up flash sales on its Groupon Goods site.
13y agoSHLDQSears Third-Quarter Loss Widens as Sales DropBloombergSears Holdings Corp., the retailer controlled by hedge-fund manager Edward Lampert, posted a wider third-quarter loss as sales declined for the 23rd straight quarter. The shares slid as much as 9 percent
14y agoSHLDQSears Second-Quarter Loss Narrows on Lower CostsBloombergSears Holdings Corp., the retailer controlled by hedge fund manager Edward Lampert, reported a smaller second-quarter loss as better inventory management reduced expenses.
14y agoMORN AAPL JPM CIT+5RadioShack Tracks Kodak With 80% Default Odds: Corporate FinanceBloombergDerivatives linked to RadioShack Corp. debt imply the retailer has an 84 percent chance of default within five years, a level Eastman Kodak Co. and AMR Corp. reached within six months of filing bankruptcy protection.
14y agoNMG SHLDQ FTDI GS+1Barneys New York Taken Over by Perry Capital in Debt SwapBloombergBarneys New York has been taken over by Perry Capital in a debt-for-equity swap that reduces the luxury retailer’s borrowings by $540 million, allowing the chain to invest more in its rebounding business.
14y agoBAC EMR COTY CHKAQ+5S&P 500 Advances to One-Month High After Manufacturing ReportBloombergU.S. stocks advanced, sending the Standard & Poor’s 500 Index to the highest level in almost a month, after faster-than-forecast growth in manufacturing bolstered optimism in the world’s biggest economy.
14y agoMORN CCL INTC MSFT+10U.S. Stocks Advance a Third Week on Economic Reports, EarningsBloombergU.S. stocks rose for a third week, the longest winning streak since October, as better-than-estimated economic data and company earnings boosted confidence in American growth.
14y agoSHLDQ INTC AA AMATU.S. Stocks Tumble to One-Month Low on Europe’s Debt ConcernBloombergU.S. stocks tumbled, sending the Standard & Poor’s 500 Index to the lowest level in a month, as concern grew that Europe’s debt crisis will worsen and lawmakers will fail to agree on plans to cut the American deficit.
14y agoPERY DGIT AMAT NTAP+2Marvell, Mosaic, NetApp, Sears Holdings: U.S. Equity MoversBloombergShares of the following companies are having unusual moves in U.S. trading. Stock symbols are in parentheses and prices are as of 9:50 a.m. in New York.