UPDATE: Lampert Sees 'Possibility' for Sears' (SHLD) Land's End Brand to Be Separated, Licensing of Brands Also Mentioned
Tweet Send to a FriendGet Alerts SHLD Hot Sheet
Trade SHLD Now!
(Updated - May 2, 2012 1:01 PM EDT)
Shares of Sears Holdings (Nasdaq: SHLD) have ticked higher in Wednesday's afternoon session as the company's Annual Shareholder Meeting is currently going on.
Investors are likely responding to comments from Chairman Eddie Lampert and CEO Lou D'Ambrosio. Lampert said the Board will increase Sears' buyback program moving forward, and reassured that this was part of the company's capital allocation strategy. He also said there is a "possibility" the Land's End brand could be separated and that it would not be difficult to sell the brand.
The CEO suggested the company could consider licensing some of its retail brands.
Sears shares last traded at $63.90, up about 3 percent from Tuesday's close.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Shares of Sears Holdings (Nasdaq: SHLD) have ticked higher in Wednesday's afternoon session as the company's Annual Shareholder Meeting is currently going on.
Investors are likely responding to comments from Chairman Eddie Lampert and CEO Lou D'Ambrosio. Lampert said the Board will increase Sears' buyback program moving forward, and reassured that this was part of the company's capital allocation strategy. He also said there is a "possibility" the Land's End brand could be separated and that it would not be difficult to sell the brand.
The CEO suggested the company could consider licensing some of its retail brands.
Sears shares last traded at $63.90, up about 3 percent from Tuesday's close.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: Sears Holding Corp. (SHLD) Reports Q1 Loss of $1.29
- Silver Wheaton (SLW) Comments on Pascua-Lama; 'Remain Confident' in Barrick (ABX)
- UPDATE: Chile regulators stopped build, imposed sanctions on Barrick Gold (ABX)
Create E-mail Alert Related Categories
Corporate News, Trader TalkRelated Entities
Edward Lampert, RBS Partners, ESL Investments
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
