Daily Data Dive

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

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

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

44 percent | Percentage decline in revenue since 2013

$13.19 billion | Sears’ total liabilities

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