Sears Profits Obliterated – Forbes.com

Sears Profits Obliterated – Forbes.com

A 99% profit plunge…OUCH! Retail may be haggard, but nobody’s this weak. One lesson I take from this is that you can only shore up profits with cost cuts for a limited time. There comes a point where you lose your ability to function. I think of all the lame, outdated (and damn depressing) Sears stores out there, and clueless sales staff, and am not at all surprised. I do hope they pull it together, for Sears is a venerable brand and it would be a loss for them to vanish.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s