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 I think of all the lame, outdated (and damn depressing) Sears stores out there, and clueless sales staff, and am not at all surprised.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.
