SO LONG, SEARS? Legendary retail icon is on the brink after 130 years | Breaking US news

On Thursday, Sears reported its fifth quarterly loss in a row, and sales continued their downward trend. Sears also revealed that it will accelerate plans to shutter underperforming stores. Jason Hollar, Sears’ chief financial officer, said there’s no guarantee when the company can return to profitability. Sears, which is based in the Chicago suburb of Hoffman Estates, Ill., traces its history back to 1886. Sears, Roebuck & Co. grew to become the largest retailer in America, competing with retail heavyweigh

Source: SO LONG, SEARS? Legendary retail icon is on the brink after 130 years | Breaking US news

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