Sears has booked losses of over nine billion dollars during the past eight years. The company has had to resort to shedding assets—tangible and intangible—in a bid to right-size operations and manage liquidity. In January 2017, Sears announced the sale of its Craftsman brand to Stanley Black & Decker. Samantha Albert, senior financial analyst with Mercer Capital, explains the transaction. To read the full article in Mercer Capital’s Financial Reporting Blog, click: Crafting a Deal in Order to Stay Afloat. This article is republished from Mercer Capital’s Financial Reporting Blog. It is reprinted with permission. To subscribe to the blog,…
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Last week, Lands’ End, Inc. announced it would write down the value of its flagship trade name asset. Management’s preliminary guidance could lower the asset’s value by 20%. Lucas M. Parris, senior member of Mercer Capital’s Financial Reporting Valuation Group, explores that obviously, a non-cash impairment charge is just that, non-cash, but what does it mean for stakeholders and how is such a charge actually determined? To read the full article in Mercer Capital’s Financial Reporting Blog, click: Lands’ End and Trade Name Impairment. This article is republished from Mercer Capital’s Financial Reporting Blog. It is reprinted with permission. To…