Thursday, November 9, 2017

Sears may never be profitable again, Wall Street analyst says

A sign announcing the store will be closing hangs above a Sears store in Chicago, Illinois.One Wall Street analyst is beginning to doubt whether Sears Holdings will ever be profitable again, as the 124-year-old retailer struggles for liquidity and same-store sales evaporate.

"Sears' operational performance is clearly NOT improving, and we grow increasingly concerned whether the company will ever return to profitability," wrote Susquehanna analyst Bill Dreher in a note to clients Wednesday. "Further highlighting the company's weakened position is the reality that manufacturers are increasingly demanding tighter payment and/or withholding products.". . . more

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