More trouble for iconic retailer Sears

Marielle Segarra Mar 22, 2017
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More trouble for iconic retailer Sears

Marielle Segarra Mar 22, 2017
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In a financial filing on Tuesday, Sears said “substantial doubt exists related to the company’s ability to continue as a going concern.” The announcement hit the company’s shares hard. Sears reported a loss of more than $2 billion in 2016. What does this disclosure mean for the retailer and is there any hope of a turnaround? 

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