sears canada mattress sale 2013

sears canada mattress sale 2013

sears cal king bed frame

Sears Canada Mattress Sale 2013

CLICK HERE TO CONTINUE




Sears loses money again but CEO sees hope in smaller decline Hoffman Estates-based Sears Holdings reported full year 2014 earnings Thursday as well as fourth-quarter results, important because they include its holiday performance.The company continued to lose money, now for the 11th consecutive quarter, as revenues and same-store sales — a key metric that excludes the revenue drop resulting from ongoing store closings — continued to decline. Here's how the quarter and year played out, and a bit of what's to come:Net loss: The fourth-quarter loss was $159 million, an improvement over the loss of $358 million over the same period a year earlier. Losses widened for the year, however, to $1.7 billion from $1.4 billion the year before. The company said its quarterly earnings before interest, taxes, depreciation and amortization, an approximate measure of a company's operating cash flow, was positive, at $125 million, for the first time since the fourth quarter of 2012. During the same period last year, EBITDA showed a loss of $92 million.




Losses per share: Shareholders lost $1.50 per diluted share in the fourth quarter, compared with a loss of $3.58 a year earlier. For the year, losses per diluted share were $15.82, wider than the $12.87 loss in the prior fiscal year.Revenue: Sales for the quarter dropped to $8.1 billion from $10.6 billion. For the year, revenues were down to $31.2 billion from $36.2 billion.Same-store sales: Sales at stores open at least a year declined 4.4 percent for the important holiday quarter. Sears stores suffered the worst declines, at 7 percent, driven by declines in consumer electronics, apparel and Sears Auto Centers; mattresses and appliances performed well. Kmart's same-store sales were down 2 percent, driven by declines in consumer electronics and grocery and household goods while toys, jewelry and apparel did well. For the year, same-store sales dropped 1.4 percent at Kmart and 2.1 percent at Sears. The "why": Sears Holdings closed 234 stores last year as part of its ongoing efforts to shrink its asset base to transform from a traditional department store chain into a membership program called Shop Your Way.




Revenue declines for the year also are attributable to the reduction of the company's stake in Sears Canada and the spinoff of Lands' End. The company owed the narrowing of its losses for the quarter to expense reductions, mostly in payroll, insurance and advertising, as well as asset reconfiguration. Quote you on that: "While we clearly believe that we can improve upon these results, we are pleased with the positive trend that started in the third quarter, and we currently expect this level of improvement to carry forward into our full year 2015 results," said Sears Holdings chairman and CEO Eddie Lampert. "We believe that the changes we are making to focus on our best stores, reward our best members and pursue our best categories will help us continue to transform Sears Holdings into a leading integrated membership-focused company."Highlights from the year: To ensure it could support operations and meet obligations as it heads into the busy holiday shopping season, Sears Holdings raised $2.3 billion through various financial maneuverings, including a rights offering, the sale of most of its stake in Sears Canada and a loan from Lampert, who owns 48.5 percent of the company.




It also capitalized on its real estate holdings by leasing space in some of its stores to retailers such as Whole Foods, Forever 21 and European fashion chain Primark. The company discussed spinning off some of its real estate into a real estate investment trust, to manage properties as a pure real estate company. Meantime, credit agency Fitch Ratings reported that Sears Holdings would likely run out of cash in 2016.What's next: Sears Holdings aims to spin 200 to 300 of its Sears and Kmart stores into a REIT by June, which it expects would generate $2 billion. © 2017, Chicago Tribune Sears Holdings Corp. Real Estate Whole Foods Market In-Store & OnlineDetails & Exclusions:Exclusions:$20 Off $150 In-Store & OnlineDetails & Exclusions:Exclusions:Extra $5 Off Over $50 Purchase + Free Shipping On $49Details & Exclusions:Exclusions:Up To 25% Off Craftsman Lawn & GardenUp To 30% Off Home Appliances + Free Delivery On Orders $399+Details & Exclusions:Exclusions:Up To 50% Off Sears ClearanceUp To 50% Off Craftsman Tool Storage SaleUp To 50% Off Hundreds Of ToolsUp To An Extra 20% Off Clothing




, Accessories & Fine JewelryDetails & Exclusions:Exclusions:Over 50% Off Marketplace Fitness & Sporting Goods + Free ShippingExtra 20% Off Shoes Orders Of $35+Details & Exclusions:Exclusions:Up To 30% Off Home Items + $20 Back In Points On $60+ Home Order For Members Details & Exclusions:Exclusions:Up To 30% Off ElectronicsUp To 6% Off Total Purchase With A Discount eGift CardAll Patio Furniture & Grills On Sale + Free Delivery On Patio FurnitureUp To 80% Off Fashion ClearanceUp To 50% Off Must Have ToolsSears Offers, In-Store Coupons, And Promo CodesUp To 50% Off Pillows & Mattress PadsUp To 30% Off SheetsExtra 5% Off Or 12 Months No Interest On Lawn & Garden Items $299+Details & Exclusions:Exclusions:Free Standard Shipping On $49+Details & Exclusions:Exclusions:Up To 35% Off Select Inflators & Air GaugesUp To 40% Off Washers & DryersDetails & Exclusions:Exclusions:Up To 40% Off Bras & PantiesUp To 60% Off Top Brand Mattresses + Free Delivery & Assembly On $599+ Plus Special FinancingDetails & Exclusions




:Exclusions:Up To 40% Off Select HandbagsUp To 50% Off Must Have Tools25% Off Or More On Select Home GymsUp To 30% Off The Home + $20 Back In Points On $60+ Orders For MembersDetails & Exclusions:Exclusions:Over 70% Off Marketplace Designer Clothing, Shoes & Accessories + Free ShippingUp To 30% Off Craftsman Sheds & Outdoor Storage + Free Delivery On $599+Up To 90% Off Clearance Fine Jewelry20% Off Regular Priced Thule Bike RacksDetails & Exclusions:Exclusions:Extra 10% Off Women's Watches From Deal LeafUp To $100 Off Cyberton Gaming PCs + Free ShippingOver 50% Off Marketplace Patio Furniture & Free ShippingUp To 50% Off Simply Emma Plus FashionsOver 50% Off Marketplace Cell Phones + Free ShippingUp To 30% Off Craftsman & Gladiator Garage StorageOver 30% Off Featured Fitness Equipment & Special FinancingUp To 50% Off Fry Pans And SkilletsUp To 30% Off Select Lighting And DecorUp To 60% Off Window Curtains Featuring Summit And Jillian Window PanelsDetails & Exclusions:Exclusions:20% Off Lolli Living And Living Textiles Baby Bedding And Decor

Report Page