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.”
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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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