Sears paper off on Whirlpool news; other retailers off but Toys up; hospital credits mixed

By Paul Deckelman

New York, Oct. 23 – Traders in the bonds of distressed and otherwise underperforming companies reported some activity in the retailing space on Tuesday.

They said traders that Sears Holdings Corp.’s notes fell sharply on the news that the company has parted ways with equally iconic home appliance vendor Whirlpool, whose washing machines, refrigerators and other appliances had been fixtures in Sears stores for over a century – the latest body blow to the venerable but now-struggling retailer whose former empire of far-flung stores and catalog operation once dominated the American retailing scene.

Elsewhere among retailers, druggist Rite Aid Corp. and supermarket operator Fresh Market were seen lower.

But the reorganizing Toys ‘R’ Us was seen having firmed up.

Coal operator Murray Energy Corp. notes were seen active, though little changed.

Among hospital companies, Tenet Healthcare Corp. and Community Health Systems, Inc.’s paper was seen mixed.

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