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Retail

Sears Holdings Makes 52-Week Low

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By Douglas A. McIntyre Updated Published
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Sears Holdings (SHLD) was supposed to be the next Berkshire Hathaway. It does not seem to be working out that way. After a poor earnings performance and rough same-store sales, SHLD hit a new 52-week low of $123.54 today. The stock’s 52-week high was $195.18.

Putting Sears and K-Mart together was going to be a good idea. But, then SHLD management found out no one wanted to shop at either place. It’s tough on investors. Even if the company ends up with ten retail chains, if they are not popular, it doesn’t help much. Maybe the company could buy Sharper Image.

The news from Target (TGT) and Lowe’s (LOW) has sent all of the retailers down. It does look like the beginning of a retail recession, and SHLD appears to be leading they way down.

Read also: What A Poor Retailer Sears Is and More Bad News For Sears

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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