SEARS about to Tank:
Sears CEO says sales tax, minimum wage contribute to woes
February 25, 2016
Sears warned earlier this month that it didn’t expect to fare well in the quarter ended Jan. 30 and said it would accelerate 50 planned store closures this year as well as look for other ways to cut costs. The company ended the year with 1,672 Sears and Kmart stores.
Sears reported a loss of $580 million, or $5.44 per share, compared with a loss of $159 million, or $1.50 a share, in the year-ago quarter. That was worse than analyst forecasts for a loss of $2.62 a share, according to S&P Global Market Intelligence.
Thursday, February 25, 2016
BREAKING: SEARS on Bankruptcy Watch! 580 Million Dollar Loss!
http://www.usatoday.com/story/money/2016/02/25/sears-fourth-quarter-earnings/80812312/
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