Thread regarding Sears layoffs

***C O R P O R A T E B S*** Are there really people out there stupid enough to believe this crock of crap.

Revenues were $6.1 billion for the fourth quarter of 2016, compared to $7.3 billion for the prior year fourth quarter. The year-over-year decline in revenues was primarily attributable to having fewer Kmart and Sears Full-line stores in operation, which accounted for $596 million of the revenue decline, as well as a 10.3% decline in comparable store sales for the quarter, which accounted for $555 million of the revenue decline.

Nearly half of the decline was straight up from declining sales. The company's stores continue to have less and less of what consumers want. The only reason to go to Kmart or Sears is if you want to pay may for less selection. Its ridiculous.

Obviously so after looking at the market's reaction

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| 806 views | | 1 reply (March 11, 2017) | Reply
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SHC is in the business of promoting credit cards not selling merchandise.

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