Sears will get worse as JCP competes head on in appliances. Kmart has less decline going forward as many Kmart shoppers lack transportation to shop elsewhere. If they had cars they would drive to Target for example. Sears cannot drop store costs much farther as stores lose sales; they have little staff left. They are in the process of eliminating most remaining full time salaried positions backfilled with minimum wage people and advertising has been dramatically cut already. Not much left to cut at the store level. I expect no store leases will be renewed as increased rents will further accelerate store losses.
move to others online business, -1.75%, Demographic loss of customers,-2.0; Loss sales from shorter hours and less advertising and sales associates, -1.75%.So I say same store sales down 5.5% plus sales lost from store closures ,3.75%, total sales loss 9.25%.
Lets say they beat but have no evidence of turnaround and just run out of money 10 days later than previously estimated.
why do you lie? Always Went long on VVUS at 6 bucks got out on average about 12 dollars. Love taking your money
It simply will be perceived as appropriate payback brought on by the Republicans. The vast majority of Americans disagree with the Republican actions on this. The Dems could ll simply vote no on all until one is acceptable to them. The Republicans actions are immoral and are a form of insurrection. They are traitors