Sears Holdings Corporation (NASDAQ:SHLD) , a global integrated retailer located in Hoffman Estates, Illinois, was established in 2005 by the union of Sears and Kmart. IT presently has more than 2,600 full-line and specialty retail locations in Canada and the United States under Kmart, Sears, and their subordinate business partners. Based on annual revenue, the company is the tenth biggest retailer in the United States, and some of its offerings includes fitness gear, automotive repair and upholding, lawn and garden, and home equipment, amongst many others.
On Jan. 8, Sears provided a report of its quarter-to-date accomplishments, financial performance, and developments alongside its planned priorities as it improves its transformation to a fully integrated retailer. Similar store profits for the company’s nine-week and year-to-date phases concluded on Dec. 29, 2012 on behalf of its Sears Domestic and Kmart stores, with respective rates of 1.8% and 2.6%. However, the overall domestic store revenues for the nine-week phase experienced a decline of 1.8%, primarily because of the sales drop in the consumer electronics field.
It is worth taking into consideration that the multinational department store chain produced a comparable quarter-to-date revenue upsurge in spite of the sales drop. The company’s strong points were boosted by its apparel and appliance products, with the former being consistently on track for six quarters of comparable revenue increase in terms of store transactions.
With Sears Struggling…
Wal-Mart Stores, Inc. (NYSE:WMT) is an Arkansas-based international retail corporation that manages a number of chains of department and warehouse stores. Recently, the company announced its objective of developing its Disc-to-Digital service, which is an in-store provision that enables its customers to gain access to digital forms of Blu-ray discs and DVDs that consists of their ideal movie titles.
Furthermore, Wal-Mart intends to introduce an innovative Facebook application for its consumers as a means of simpler access to special movies and prospects of distributing and selecting titles, which undeniably inspires and expands in-store and online acquisition.
On the other hand, Target Corporation (NYSE:TGT) has affirmed a quarterly surplus of 36 cents for every normal share. The dividend is billed March 10, 2013 to the company’s investors of record at the conclusion of business on Feb. 20, 2013. This particular share will be Target’s 182nd successive dividend remunerated ever since October 1967, when the Minneapolis-based company IPO'd.
Making Things More Difficult
When Sears broadcasted on Jan. 7 that chairman and majority owner Ed Lampert was undertaking the responsibilities and the position of CEO, the company experienced a drop in share price during the days that followed. In the main, the company is still going through a laborious and mounting battle to revive its excellent sales and resolve the difficulties that hinder it from achieving new heights. Nonetheless, is worth noting that Lampert, after succeeding Louis D’Ambrosio, intends to persist in developing the steps that the company has previously planned and delineated in order to revive its name in the market.