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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Sears plunges more than 20%
Sears (SHLD) is amazingly still one of the hottest stocks of 2012. Shares are up nearly 55% year-to-date. But the retailer's stock plunged more than 20% Friday after the Kmart owner reported another massive loss and a decline in sales.
The company has been in turnaround mode for years. But it has two things in its favor that has kept the company from becoming as much of a mess as fellow MORE
Paul R. La Monica - Nov 16, 2012 3:15 PM ET -
Sears to exit S&P 500
Sears Holding Company has had its membership in the S&P 500 revoked.
The ailing retailer, which owns Sears and K-Mart chains as well as apparel brand Land's End, will exit the index at the close of trading on Tuesday, Sept. 4, said S&P late Wednesday.
S&P said the number of Sears shares available to the public, known as its public float, has long been below the 50% threshold needed to be considered MORE
Ben Rooney - Aug 30, 2012 10:55 AM ET -
Staples goes splat but Target is on the mark
Investors are discerning shoppers when it comes to retail stocks.
The clear winners appear to be big-box stores such as Wal-Mart and Target, while specialty outlets such as office supply chain Staples are bringing up the rear.
Shares of Target (TGT) rose to a new 52-week high Wednesday after it reported better-than-expected quarterly earnings and raised its forecast for full-year profits. The stock has gained 26% so far this year, outperforming Wal-Mart's MORE
Ben Rooney - Aug 15, 2012 2:13 PM ET
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