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Tag Archives: financials

If Sears Goes Bankrupt, Will Stanley Lose Craftsman?


Sears Holdings Corp. has acknowledged “substantial doubt” in its ability to stay out of bankruptcy, which may kill recent sales of its businesses, such as Craftsman. The struggling retailer released its annual report on Tuesday, and the news was dismal. Based on information from ... Read More »

True Value Releases 2016 Year-End Results

year-end results

True Value Company today released its year-end results for fiscal 2016, which included increases in gross billings, retail comp-store sales, net margin and more. The co-op reported total gross billings of $2,073.7 million for the fiscal year ending Dec. 31, up 2 percent. ... Read More »

J.C. Penney to Close 140 Stores, Offer Early Retirement to 6K Workers

J.C. Penney

J.C. Penney will close 130 to 140 stores and two distribution centers and will offer early retirement packages to about 6,000 employees, USA Today reports. The store closures would account for 13 to 14 percent of the department store’s total ... Read More »

Amid Employee Layoffs, Lowe’s Reports Profitable Q4


Fourth-quarter earnings increased for Lowe’s, following the company’s announcement of additional layoffs at its corporate headquarters and two support facilities. On March 1, the big-box retailer reported net earnings of $663 million, up by $11 million during the fourth quarter of 2015. Sales for the fourth quarter increased to ... Read More »