Headlines

Sears Will Report Large Q4 Losses

Same-store sales plunged over the holidays

Published

10 years ago

January 10, 2014

steve kaufman

Sears Holdings Corp. (Hoffman Estates, Ill.) has forecast a loss in its fourth quarter, ending Feb. 1, 2014, of between $250 million and $360 million.

Though the loss would be less than the $489 million the retailer suffered in the same quarter a year ago, the news was bad enough to send Sears’ stock tumbling.

During the most recent holiday period, same-store sales fell 9.2 percent at Sears stores and 5.6 percent at Kmart stores.

“The results we posted are not nearly what we want them to be,” ceo Edward Lampert said yesterday on a corporate blog on the Sears website.

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design