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Byline: Julianne Cuba The controversial Brooklyn businessman behind the renovation of a historic Sears building in the borough recently secured a massive construction loan to move the project forward. Clipper [...]

CASE AT A GLANCE Sears, Roebuck and Co. sold many of its assets during its Chapter 11 bankruptcy. However, the sale did not include its very generous lease at the Mall of America-$10 rent per year. When Sears sought to assign the lease to Transform, the mall objected. The bankruptcy court approved the assignment, but the district court vacated it, ruling it violated Section 365 of the code. Transform appealed, and the Second Circuit held that Section 363(m) deprived the court of jurisdiction over the appeal. The court of appeals affirmed. The circuits are split over whether Section 363(m) is jurisdictional., MOAC Mall Holdings v. Transform Holdco LLC et al. Docket No. 21-1270 Argument Date: December 5, 2022 From: The Second Circuit Issue Is Bankruptcy Code 11 U.S.C. 363(m) a jurisdictional [...]

Sears filed for bankruptcy protection following a long run of losses. The retailer, which revolutionised shopping in the late 19th century with its mail-order catalogue and helped pioneer shopping malls [...]

More moderate consumer confidence and warmer-than-usual weather were the key factors in lower-than-expected same-store sales at many US department stores during the 3rd qtr of 1998, but share advances are expected through the years 2001-2003. Market share for discount stores sich as Family Dollar Stores and Dollar General continue to expand, as well. Investors need to evaluate individual stocks before selection.

Future prospects for the retail store industry are mixed, especially for department stores where women's apparel sales have been weak in 1997. The outlook for discount stores is better, however, as they continue to gain a greater share of the market. Retail stocks have outperformed the market in 1996 and 1997 after a weak 1994 and 1995. Investors must consider individual stocks, as the industry is unattractive for the next three to five years.

The retail environment has improved considerably in 1997 over 1996, in both same store results and operating profits, especially for department stores. The shift from consumer hard goods and electronics towards a wider range of goods and the development of private-label brands have been two trends in department stores, and the market share for discounters has increased. However, these are not attractive stocks through the years 2000-2002.

Sears Roebuck CFO Edward M. Liddy led the company through one of the largest corporate reorganizations in US financial history. Liddy sold shares of its financial services firms Dean Witter Financial Services Group Inc and Coldwell Banker Real Estate Group Inc and disposed 20% of Allstate Insurance in its initial public offering. The 97-year-old catalog was dropped, unprofitable stores were closed and unprofitable assets were written down. The company had raised $4 billion and reduced its debt from $37 billion to $17 billion, with a debt-to-equity ratio decrease from 3.4 to 1.7.

Byline: DANIEL DUGGAN When Kyle Westberg saw the potential for the city of Pontiac six years ago, he moved his construction company's headquarters to the city from Troy. Since then, [...]

A group of eight banks led by J.P. Morgan Chase & Co. has been able to increase its lending commitment to Sears Holdings Corp. to $5.65 billion, far beyond the [...]

HOFFMAN ESTATES, Ill. -- While admitting that Sears, Roebuck & Co.'s apparel business had some setbacks in the past year, chief executive officer Alan J. Lacy nevertheless insists the category [...]

SEARS, ROEBUCK & CO.'s sale of its credit business to Citigroup is an absolute winner, generating $6 billion in pretax cash proceeds, lowering debt, burnishing the balance sheet and removing [...]

Byline: Evan Clark NEW YORK - Sears, Roebuck & Co.'s first-quarter profits rose against year-ago results that were depleted by charges and write-offs. However, the firm's retail business, which, as [...]

Sears, Roebuck and Co., which has been grappling with a variety of problems in its credit unit, stepped forward with more bad news Thursday, when it said that domestic store [...]

SEARS, ROEBUCK & CO. -- which had seen its stock go into a free fall since revelations of high consumer-credit delinquency in October and subsequent declining comparable-store sales -- pulled [...]

HOFFMAN ESTATES, Ill. -- Sears, Roebuck & Co. put on a brave face at its analysts meeting Thursday, but the news was bad. Digesting difficulties at its credit unit, including [...]

MBNA Corp. closed out the reporting season for the major card monolines, announcing Thursday that its third-quarter earnings were down 17% from last year because of a charge posted in [...]

After the serious shakeout in 2000, the following year in major appliances and floor care featured just your plain, everyday competition. Same old tight margins, falling prices, heavy promotional activity [...]

Rank, Retailer, Location, Percentage of Dollar Sales 1. Payless ShoeSource, Topeka, Kan., Percentage of Dollar Sales*: 6.06 Payless has garnered the top spot in no small part due to heavily [...]

To no one's surprise, Wal-Mart became the nation's leading retailer for floor care last year. The big discounter has been chasing Sears for years and finally outgrew its rival. Wal-Mart [...]

NEW YORK -- Double-digit same-store declines in apparel and home fashions didn't stop Sears, Roebuck & Co. from far outstripping profit expectations in the second quarter. However, this fall's launches [...]

The first quarter is turning into a workshop on inventory management, and that produced impressive RETAIL EARNINGS last week. Among the stores posting larger increases in quarterly net income than [...]

HOFFMAN ESTATES, Ill.-Sears' core retail business is on the rebound, posting operating income -- excluding non-comparable items -- of $87 million in the first quarter ended March 30, compared with [...]

NEW YORK -- One-time items took a bite out of Sears, Roebuck & Co.'s first-quarter profits, but a same-store sales decline in apparel that approached double-digits didn't help either. Reflecting [...]