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Home > Fortune 500 Companies > Sears Holdings Corp.
Sears Holdings Corp.
Sears Holdings Corporation was formed in connection with the business combination of Kmart Holding Corporation and Sears, Roebuck and Co. Sears Holdings Corp is a publicly traded company having a good stock performance result. Sears Holdings Corp is a fortune 500 stock listed company trading under the symbol SHLD. The Company filed its Annual Report on Form 10 K for the fiscal year end January 28, 2006.
The total revenues increased 10.1 billion dollars to 16.1 billion dollars for the 13-week period ended January 28, 2006, as compared to total revenues of 6.0 billion dollars for the 13-week period ended January 26, 2005. Full year fiscal 2005 revenues were 49.1 billion dollars, as compared to 19.8 billion dollars for fiscal 2004. The increase during the 13 weeks ended January 28, 2006 was primarily attributable to the addition of Sears’s revenues of 10.3 billion dollars partially offset by a 0.2 billion dollars decline in Kmart's revenues, due to a reduction in the total number of Kmart stores in operation. During the 13-week period ended January 28, 2006, Kmart comparable store sales increased 0.9 percent over the 13-week period ended January 26, 2005.
Operating income was 1.5 billion dollars for the 13 weeks ended January 28, 2006, as compared to 472 million dollars for the 13 weeks ended January 26, 2005. The increase in operating income was primarily due to the addition of 737 million dollars of Sears’s operating income and a 317 million dollars gain on the sale of business, reflecting a minority interest gain on the sale of Sears Canada's Credit and Financial Services business in November of 2005. The gain had no impact on Holdings' net income as its entire impact was offset by increased minority interest expense. Operating income was 2.1 billion dollars for fiscal year 2005 as compared to 1.8 billion dollars for fiscal year 2004.
Fiscal 2005 included the addition of 1.4 billion dollars in Sears operating income generated subsequent to March 24, 2005, which was offset by the collective impact of 906 million dollars less in gains on the sale of assets realized by Kmart in the current year.
The Company has a strong tradition of leadership, service and contributions. The company’s mission is bringing comfort to customers, supporting business and commerce, and building strong communities.
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