Sears posted Q1 profits due to cost cutting, but ended up in the red after adjustments.
The consensus estimate pegs Q1’s net loss at 70 cents a share, on sales of $651 million.
Comps declined at Chico’s, White House|Black Market; up slightly at Soma.
A growing number of young, affluent consumers buy, resell and then trade up.
One of the agreements allows Sears the option to further extend the maturity of a loan to July 2018.
The decline in food stamp participants has weighed on sales trends at some discounters and dollar stores.
After coffee shops and restaurants, specialty apparel and midrange fashion retailers were the key categories for new retail entrants.
Overall global sales of licensed products for fashion was $31.1 billion in 2016.
With organic growth slowing, companies will rely on acquisitions to grow their businesses.
Manny Chirico, Tobie Hatfield and Kyle Maynard are the honorees.
While the company is making progress on turning around the business, some observers think a nine-month lead time is still too long given the changing retail backdrop and shifts in consumer shopping patterns.
CFO Jane Nielsen said the company will continue work on the Way Forward Plan in Fiscal 2018 to bring demand back to the business.