Sears Cuts Earnings on Accounting Shift
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Sears, Roebuck and Co.  on Tuesday said it would restate its fourth-quarter 2004 earnings, cutting them by 5 cents to 10 cents a share, due to an error in accounting for construction allowances.
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Sears Holdings Corp.  on Tuesday forecast lower quarterly profit and admitted that it needs to become more relevant to consumers and control its costs, sending its shares down more than 7 percent.
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Retailer Sears Holdings Corp. said Thursday its fourth-quarter earnings rose 27 percent, ahead of Wall Street forecasts as margins improved despite weaker sales at established stores.
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Shopping.com Ltd., an online comparison shopping service, on Friday lowered the number of shares to be sold by shareholders in the company's planned initial public offering.
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Sears Canada Inc., the country&#39;s third-biggest department store chain, said third-quarter profit rose 4.5 percent, less than it expected, as sales of clothing were hurt by unseasonable weather.
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The company lowers its fourth-quarter and full-year earnings guidance.
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Retailer Sears Holdings Corp.  posted a 20 percent rise in quarterly profit on Thursday, helped by a legal settlement and other special gains, but sales declined at both its Sears and Kmart units, sending its shares down more than 2 percent.
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NEW YORK -- Sears Holdings Corp., the biggest US department store company, and Home Depot Inc. said profit will fall as the decline in housing prices hurts demand for goods to build and furnish homes.
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U.S. retailer Sears Holdings Corp  said its chief executive Aylwin Lewis will leave the company, effective Feb 2, the latest in a shake-up of the firm that operates the Sears and Kmart chain of stores.
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The company's sales fall, pulling down its stock price.
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Dean Foods Co., the nation's largest processor and distributor of milk and dairy products, cut its profit forecast on Tuesday due to soaring costs for raw milk, sending its shares down as much as 5.5 percent.
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General Mills Inc. GIS.N on Tuesday  reported a steeper fall in quarterly earnings than Wall Street  had expected due to higher costs of key food ingredients and  promotional spending.
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Sears Holdings Corp.  on Tuesday forecast lower quarterly profit and admitted that it needs to become more relevant to consumers and control its costs, sending its shares down more than 7 percent in premarket trading.
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Illinois Tool Works Inc.  cut its  quarterly profit outlook on Friday, becoming the latest  manufacturer to warn of the effects of a slowing U.S. economy.
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Sears Holdings Corp.  on Tuesday forecast lower quarterly profit and said it needs to better control its costs and stock more items that its shoppers demand, sending shares down more than 8.7 percent.
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Diversified manufacturer Illinois Tool Works Inc  said on Monday it cut its fourth-quarter earnings estimate due to weakness in North American end markets, sending its shares down 4 percent in pre-market trading.
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Krispy Kreme Doughnuts, reeling from what it called accounting errors, said that it would reduce its reported profit for last year.