The Buzz
Sears' stock sinks on poor results
February 28, 2013: 3:15 PM ET
It's a tough week to be a retailer in search of customers. First, the shares of J.C. Penney (JCP) cratered after the Ron Johnson-led retailer reported abysmal fourth-quarter numbers Wednesday night.
Next up: Sears (SHLD). The iconic retailer can't turn a profit or get customers excited about its merchandise or Kmart's. After reporting yet another quarter of steep losses early Thursday, Sears' stock dropped nearly 5%.
Releasing results so close to JCPenney at least makes Sears look good by comparison. At least by many StockTwits traders.
Best thing that ever happened to $SHLD: $JCP
retail_guru
Even consensus dog Sears is benefiting from Penney tailwind and managing sell-thru & inventory better than Kohls $KSS $JCP $SHLD
Like J.C. Penney, Sears has a major hedge fund manager backing it in Eddie Lampert. Tough day for both Lampert and Pershing Square's Bill Ackman, who's been a fan of J.C. Penney's CEO.
>
Ritholtz
Hedge fund managers don't seem to have an aptitude for investing in (or running) retailers $SHLD $JCP $$
Still not all traders were equally down on Sears. At least one saw signs of hope in Sears' results.
firstadopter
$SHLD domestic comps 0.8%, better than $TGT almost as good as $WMT Wow
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