Thursday, December 8, 2016

'Another bad quarter' coming from Sears, but the struggling retailer is expected to hold on

Banners hang from Sears' flagship store in the Loop in Chicago, Illinois. Executives are abandoning ship during the critical holiday season. The latest round of store closures is in the works. And a key apparel account just recorded another quarterly sales decline.

Yet despite the slew of negative headlines leading into Sears' fiscal third-quarter earnings report Thursday, the department store chain has reason — and likely, the resources — to hang on after the holidays and through early 2017, when retail bankruptcies are typically filed.. . . more

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