Sears: After $750M Quarterly Loss, The Longest Unofficial Liquidation Sale In History Continues...


forbes.com | 2016-12-10 17:47 UTC

The best thing Sears has going are the assets, which are being sold to fund operations. The bleeding continues at Sears Holdings, which lost $748 million for the third quarter, it reported Thursday, compared to a loss of $454 million for the third quarter last year. Same store sales and gross margin also declined at Sears and Kmart stores.

Sears has been losing money for more than a decade and is burning through cash as it tries to find some footing.

By viper1 on 2016-12-10 17:47 UTC
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