Sears Profits Obliterated – Forbes.com

Sears Profits Obliterated – Forbes.com

A 99% profit plunge…OUCH! Retail may be haggard, but nobody’s this weak. One lesson I take from this is that you can only shore up profits with cost cuts for a limited time. There comes a point where you lose your ability to function. I think of all the lame, outdated (and damn depressing) Sears stores out there, and clueless sales staff, and am not at all surprised. I do hope they pull it together, for Sears is a venerable brand and it would be a loss for them to vanish.

About CarlSetzer 908 Articles
I’m Carl Setzer, a nearly life-long resident of greater Seattle. I'm a Realtor. A geek who loves things Star Trek and Star Wars, Blade Runner and Ghost in the Shell. I’m a technophile who’s studied many different computing systems and ideologies. And as an alum of the US Navy’s Nuclear Power Program, I have a solid engineering skill-set and experience with complex project management process.