Wednesday, January 30, 2019

Sears lost millions over the holiday season

Sears needed a great holiday shopping season, but the struggling retailer missed the mark.

The company lost $318 million in November and December, according to financial results filed by the company.
Much of the losses came from bankruptcy reorganizaton, which cost about $249 million across the two months. But even without the bankruptcy costs, the struggling retailer lost about $69 million during the two-month period.. . . more

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