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2 Terrible Reasons to Buy Sears Holdings

TheMotleyFool

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2 Terrible Reasons to Buy Sears Holdings

Sears Holdings (NASDAQ: SHLD) has been in a highly public struggle for survival.

The chain has closed stores, sold its Craftsman brand, and gotten much smaller as it tries to remain relevant in an increasingly digital world. While the company and its CEO Edward Lampert will tell you that the plan to turn the company around will work, results show otherwise.

Negative trends continued in Q2 2017 when Sears reported total revenues of $4.4 billion, down from $5.7 billion in the prior year quarter. Much of that (about $770 million) came due to store closures, but open stores saw comparable sales fall 11.5% compared to Q2 2016.

Source: Fool.com