Sears Holdings (SHLD) Posts Smaller-Than-Expected Q4 Loss But Sales Slide Sharply
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March 9, 2017 6:30 AM EST
HOFFMAN ESTATES, Ill., March 9, 2017 /PRNewswire/ -- Sears Holdings Corporation ("Holdings," "we," "us," "our," or the "Company") (NASDAQ: SHLD) today announced financial results for its fourth quarter and full year ended January 28, 2017. As a supplement to this announcement, a presentation, pre-recorded conference call and audio webcast are available at our website http://searsholdings.com/invest.
In summary, we reported a net loss attributable to Holdings' shareholders of $607 million ($5.67 loss per diluted share) for the fourth quarter of 2016, which included a non-cash accounting charge of $381 million related to the impairment of... More
March 9, 2017 6:02 AM EST
HOFFMAN ESTATES, Ill., March 9, 2017 /PRNewswire/ --Â Sears Holdings Corporation ("Holdings," "we," "us," "our," or the "Company") (NASDAQ: SHLD) announced today that it has closed the previously announced sale of the Craftsman brand to Stanley Black & Decker for a net present value of over $900 million.
Edward S. Lampert, Chairman and Chief Executive Officer of Sears Holdings, said: "The successful closing of the Craftsman transaction provides immediate liquidity to Sears Holdings, while enabling us to participate in the future growth of the Craftsman brand. In addition, the related agreement with the... More
