With a finger on the pulse of today's shopper, Guru
has a gift for making retailers relevant to the ever-changing
consumer. His retail re-visioning of Sears and Kmart is starting to
pay off. Sears Holdings Corporation's online businesses for Sears
and Kmart grew 20% in the second quarter of 2013, year-over-year.
Lampert's brainchild, the Sears 'Shop Your Way' membership program,
generated more than 65% of the revenues at Sears Domestic and Kmart
during the second quarter, compared to around 55% in the same
quarter a year ago. But despite e-commerce growth, Sears Holdings
reported an operating loss of $51 million in the second quarter of
2013, after a loss of $103 million in the second quarter of 2012.
Here's an update on company financials and the billionaires trading
Sears Holdings Corporation (
Up 6% over the past12 months, Sears Holdings Corporation has a
market cap of $6.05 billion; its shares were traded at around
$58.47 with a P/B ratio of 2.70.
Sears Holdings Corporation operates a national network of stores
with 2,019 full-line and 54 specialty retail stores in the United
States operating through Kmart and Sears and 475 full-line and
specialty retail stores in Canada operating through Sears Canada
Inc., a 51%-owned subsidiary. The company also operates a number of
websites under the sears.com and kmart.com banners, offering more
than 60 million products. Incorporated in 2004 for the merger of
Sears and Kmart in 2005, Sears Holdings Corporation is the parent
company of Kmart Holding Corporation and Sears, Roebuck and Co.
As of June 30, 2013, there are
nine guru stakeholders and active insider
Top stakeholder and chairman and CEO of Sears Holdings,
holds 31.8% of shares outstanding, or 33,856,069 shares as of the
end of second quarter, earning a gain of 19.3%. He last traded in
the first quarter of 2013, selling 2,478,112 shares at an average
price of $47.09 for a 26.4% gain.
After buying and selling out a number of times in his five-year
made a new buy of 14,191 shares in the second quarter. He paid an
average price of $49.89, for a gain of 19.3%.
As of June 30, 2013, Steven Cohen sold out his position, unloading
5,757 shares at an average price of $49.89, for a gain of 19.3%.
Cohen is letting go after mixed results in 12 quarters of history.
Track historical share pricing, revenue and net income:
While the Sears online business is growing in the second quarter of
2013, its Kmart store sales declined by 2.1%, Sears Domestic is
down by 0.8% and Sears Canada down 2.5%. Sears Holdings reported
its financial results for the second quarter of 2013, with a net
loss of $194 million, compared to $132 million in the same quarter
a year ago. Second quarter revenues and comparable store sales
revenues were $8.9 billion for the quarter ended August 3, 2013,
compared to revenues of $9.5 billion for the same quarter a year
ago. The separation of Sears Hometown (
) in the third quarter of 2012 decreased company revenue by
approximately $195 million. The company reported adjusted EBITDA of
($55) million for the second quarter of 2013, down from $116
million in the same quarter of 2012. The net loss attributable to
Sears Holdings' shareholders is $1.83 loss per diluted share,
compared $1.25 loss per diluted share, in the same quarter a year
ago. In the second quarter, the company's gross margin decreased
$345 million to $2.2 billion, according to a company press release.
Edward Lampert, Sears Holdings Corporation's chairman and CEO,
commented in a company press release:
We made meaningful progress this quarter in our transformation
to a member-centric company. Shop Your Way members represented over
65% of our sales and they redeemed rewards points at a
significantly higher rate than last year. While the increase in
Shop Your Way promotional activity and member redemptions resulted
in a meaningful increase in our costs, it demonstrates that our
members are deepening their engagement with our program which will
allow us to further accelerate our transformation...At the same
time, we recognize how important it is to improve the profitability
of our company and I am disappointed that we did not deliver a
A man of many hats, Edward Lampert, CEO of Sears Holdings
Corporation and founder of ESL Investments, has a portfolio of 4
stocks with a total value of $2.9 billion.
Study the rest of
Edward Lampert's portfolio
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