Sears Holdings: Online Sales Spike, Canadian Sales Plummet

Sears Holdings Corp. (NASDAQ:SHLD) reported a third quarter loss that widened to $421 million ($3.92 a share) from $218 million ($1.98 a share) last year. Sales were down 1.2% to $9.57 billion.

Same store sales for Sears Canada fell 7.8%. Same-store sales fell 0.7% at Sears in the U.S. and 0.9% at Kmart. Kmart stores also showed sales declines in consumer electronics and apparel. Online sales, however, increased by 19%. The results also took a hit for a non-cash charge of $100 million on a valuation allowance relating to deferred tax assets.

This quarter represents the 19th straight quarterly decline in sales for Sears. Retailers in the U.S. are going through a difficult time, with low consumer confidence and a high unemployment rate.

Here’s how department store stocks are trading:

  • Sears Holdings Corporation (NASDAQ:SHLD): SHLD shares recently traded at $64.27, down $0.92, or 1.41%. Its market capitalization is $6.87 billion. They have traded in a 52-week range of $51.14 to $94.79. Volume today was 1,490,241 shares versus a 3-month average volume of 640,369 shares. The company’s trailing earnings are $-1.49 per share. About the company: Sears Holdings Corporation is a broadline retailer with full-line and specialty retail stores in the United States and Canada. The Company retails home appliances, as well as tools, lawn and garden products, home electronics, and other products. Sears Holdings also provides automotive repair and maintenance. Get the most recent company news and stock data here >>
  • J. C. Penney Company, Inc. (NYSE:JCP): JCP shares recently traded at $31.57, down $0.1, or 0.32%. Its market capitalization is $6.73 billion. They have traded in a 52-week range of $23.44 to $41.00. Volume today was 2,981,603 shares versus a 3-month average volume of 5,712,730 shares. The company’s trailing P/E is 34.47, while trailing earnings are $0.92 per share. The company pays a dividend of $0.80 per share for a dividend yield of 2.50%. About the company: J.C. Penney Company, Inc., through a subsidiary, operates department stores in the United States and Puerto Rico. The Company provides merchandise and services to consumers through department stores, catalog departments, and the Internet. JCPenney markets primarily family apparel, jewelry, shoes, accessories, and home furnishings. Get the most recent company news and stock data here >>
  • Macy’s, Inc. (NYSE:M): M shares recently traded at $30.36, down $0.06, or 0.2%. Its market capitalization is $12.77 billion. They have traded in a 52-week range of $21.69 to $32.67. Volume today was 4,916,256 shares versus a 3-month average volume of 9,242,140 shares. The company’s trailing P/E is 11.13, while trailing earnings are $2.73 per share. The company pays a dividend of $0.40 per share for a dividend yield of 1.30%. About the company: Macy’s, Inc. operates department stores in the United States. The Company also operates direct mail catalog and electronic commerce subsidiaries. Macy’s retail stores sell a wide range of merchandise, including men’s, women’s and children’s apparel and accessories, cosmetics, home furnishings and other consumer goods. Get the most recent company news and stock data here >>
  • Nordstrom Inc. (NYSE:JWN): JWN shares recently traded at $46.98, down $0.03, or 0.06%. Its market capitalization is $9.87 billion. They have traded in a 52-week range of $37.28 to $53.35. Volume today was 2,987,786 shares versus a 3-month average volume of 3,277,020 shares. The company’s trailing P/E is 15.23, while trailing earnings are $3.08 per share. The company pays a dividend of $0.92 per share for a dividend yield of 2.00%. About the company: Nordstrom, Inc. is a fashion retailer of apparel, shoes, and accessories for men, women, and children. The Company operates through multiple retail channels, discount stores, boutiques, catalogs, and on the Internet. Nordstrom, Inc. also offers, through a subsidiary, private label card credit and debit cards. Get the most recent company news and stock data here >>
  • Kohl’s Corp. (NYSE:KSS): KSS shares recently traded at $55.34, up $0.37, or 0.67%. Its market capitalization is $14.61 billion. They have traded in a 52-week range of $42.14 to $58.00. Volume today was 2,707,232 shares versus a 3-month average volume of 4,788,740 shares. The company’s trailing P/E is 13.01, while trailing earnings are $4.26 per share. The company pays a dividend of $1.00 per share for a dividend yield of 1.80%. About the company: Kohl’s Corporation operates a chain of family-oriented department stores. The Company’s stores feature apparel, footwear and accessories for women, men and children; soft home products such as sheets and pillows; and housewares targeted to middle income customers. Kohl’s also offers online shopping as well as offers store credit cards. Get the most recent company news and stock data here >>
  • Dillard’s Inc. (NYSE:DDS): DDS shares recently traded at $,. Its market capitalization is $. They have traded in a 52-week range of $ to $. Volume today was shares versus a 3-month average volume of shares. The company’s trailing P/E is , while trailing earnings are $ per share. The company pays a dividend of $ per share for a dividend yield of %. About the company: Dillard’s, Inc. operates retail department stores located primarily in the southwestern, southeastern, and midwestern United States. The Company offers name-brand and private-label merchandise, including fashion apparel and home furnishings. Get the most recent company news and stock data here >>

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