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