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- FinanceBusiness Insider•5 hours agoThe Titanic of stores: Sears is 'set to sink' as stores close, executives flee, and the CFO admits the brand is falling short
Sears reported mounting losses on Thursday and acknowledged that the company has "fallen short" of expectations for a recovery. Same-store sales dropped 7.4%, including a 10% decrease at Sears stores and a 4.4% decrease at Kmart stores. Sears' cash and equivalents fell 12% to $258 million in the period.
- BusinessInvestopedia•9 hours ago
Are you behind on saving for retirement? Even if you don’t know what counts as "behind," you're likely to need to step up your efforts to build your nest egg. A June 2015 Government Accountability Office analysis found that that average Americans between the ages of 55 and 64 have accrued about $104,000 in retirement savings. Sound like a lot? Not when you realize that sum would translate into a $310 monthly payment if your money were invested in a lifetime annuity. Even if you're far from that age bracket, let this serve as a wake up call. You don’t want to stop working without enough money to live on. And what better time than the beginning of a new year to make a resolution that you’re going
- FinanceBusiness Insider•22 hours ago
(Flickr / kristina dymond) The slow and steady decline of retail that's shuttering department stores and putting malls out of business is also taking a toll on Starbucks. "We can't hide behind the fact that there is a seismic change that we're experiencing