Sears Holdings Corporation updates on its strategic restructuring program

Announces incremental actions to streamline its operations and deliver cost savings On track to achieve $1.25 billion in annualized cost savings in 2017 HOFFMAN ESTATES, Ill., 2017-Jun-14 — /EPR Retail News/ — Sears Holdings Corporation (“Holdings,” “we,” “us,” “our,” or the “Company”) (NASDAQ: SHLD) today (June 13, 2017) announced important actions related to its previously […]

Sears Holdings Corporation announces improvement in 4Q 2016 operating performance

Preliminary fourth quarter 2016 operating results represent significant year-over-year improvement Launches comprehensive restructuring to streamline operations, targeting at least $1.0 billion in annualized cost savings in 2017 Right-sizes asset-based credit facility, creating an incremental $140[1] million in liquidity Plans to reduce outstanding debt and pension obligations by at least $1.5 billion, utilizing proceeds from recent […]

Sears Holdings Corporation enters into $500 million secured loan facility maturing in July 2020

HOFFMAN ESTATES, Ill., 2017-Jan-05 — /EPR Retail News/ — Sears Holdings Corporation (the “Company”) (NASDAQ: SHLD) announced today (Jan. 4, 2017) that certain of its subsidiaries (the “Borrowers”) have entered into a $500 million committed secured loan facility (the “Loan Facility”) maturing in July 2020. $321 million was funded under the Loan Facility today and […]

Sears Holdings Corporation announces 2Q financial results ended July 30, 2016

HOFFMAN ESTATES, Ill., 2016-Aug-26 — /EPR Retail News/ — Sears Holdings Corporation (“Holdings,” “we,” “us,” “our,” or the “Company”)(NASDAQ: SHLD) today (Aug 25, 2016) announced financial results for its second quarter ended July 30, 2016. As a supplement to this announcement, a presentation, pre-recorded conference and audio webcast are available at our website http://searsholdings.com/invest. In summary, we reported: […]

Sears Holdings Corporation to release financial results for its 2Q FY2016 on August 25, 2016

HOFFMAN ESTATES, Ill., 2016-Aug-15 — /EPR Retail News/ — Sears Holdings Corporation (NASDAQ: SHLD) today announced the company currently plans to release financial results for its fiscal 2016 second quarter on or about Thursday, August 25, 2016. About Sears Holdings Corporation Sears Holdings Corporation (NASDAQ: SHLD) is a leading integrated retailer focused on seamlessly connecting the […]

Sean Skelley appointed President Home Services at Sears Holdings Corporation

HOFFMAN ESTATES, Ill., 2015-10-12 — /EPR Retail News/ — Sears Holdings Corporation (NASDAQ: SHLD) today announced the appointment of Sean Skelley as president, Home Services. In his new role with the company, Skelley will be accountable for all aspects of the company’s Home Services business. Skelley’s background includes over 20 years with Best Buy Co. Inc., where […]

Girish Lakshman appointed president Fulfillment at Sears Holdings Corporation

HOFFMAN ESTATES, Ill., 2015-9-22 — /EPR Retail News/ — Sears Holdings Corporation (NASDAQ: SHLD) today announced the appointment of Girish Lakshman as president, Fulfillment. His new role will support the company’s continued efforts to enhance the member experience, flawlessly fulfill member and customers’ needs and advance its integrated retail strategy. Lakshman most recently served as vice […]

Sears Holdings: final tender results to purchase for cash up to $1,000,000,000 principal amount of its outstanding 6 5/8% Senior Secured Notes Due 2018

HOFFMAN ESTATES, Il., 2015-8-31 — /EPR Retail News/ — Sears Holdings Corporation (“we,” “us,” “our,” or the “Company”) (Nasdaq: SHLD) today announced the final tender results of its previously announced tender offer (the “Offer”) to purchase for cash up to $1,000,000,000 principal amount of its outstanding 6 5/8% Senior Secured Notes Due 2018 (the “Notes”).  […]