Replies to post #850 on Sears Holdings Corp. (fka SHLDQ)

[bar1080]

"The end of Sears is 'very near'"

"The retailer, which also owns Kmart, reported a loss of $454 million in the third quarter. The massive loss is the latest in 10 years of declining same-store sales.

Sears' comparable sales declined 9.6% in the third quarter, while Kmart's declined 7.5%.

Executives blame weak results on warmer-than-usual fall weather that kept consumers from buying items like coats and gloves. They say that the brand is investing in its "Shop Your Way" loyalty program, which offers personalized deals.

But many retail experts believe Sears is denying a darker truth: its is beyond the point of returning to its post as a major US retailer. In fact, it's in danger of not existing at all...."

http://finance.yahoo.com/news/end-sears-very-near-214605726.html