PYMNTS’ Daily Data Dive: Is The End Near For Sears?

By  |  March 22, 2017
 | 

Is eCommerce rearing its ugly head as another big-box store sees a less-than-stellar year?

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    In Sears’ latest annual report for the past fiscal year, it issued a statement saying, “Our historical operating results indicate substantial doubt exists related to the company’s ability to continue as a going concern.”

    Here are the numbers:

    17.6 percent | Percentage decline in Sears’ shares as of March 15

    $2.22 billion | Amount lost in the 2016 fiscal year

    $7.4 billion | Losses since 2013

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    44 percent | Percentage decline in revenue since 2013

    $13.19 billion | Sears’ total liabilities


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