The Briefing Room
General Category => Economy/Business => Topic started by: mystery-ak on January 09, 2014, 11:33:45 pm
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http://finance.yahoo.com/news/18-depressing-photos-show-why-213650870.html (http://finance.yahoo.com/news/18-depressing-photos-show-why-213650870.html)
By Ashley Lutz 1 hour ago
Sears, once America's golden retailer, is a company in crisis.
The company has shuttered hundreds of stores in recent years. The embattled company has been selling some its most profitable stores to raise money.
And now, shares are tumbling after Sears lowered guidance for the quarter and announced that comparable sales in the fourth quarter have slid more than 7%.
Brian Sozzi, chief equities strategist at Belus Capital Advisors, took poignant photos inside of New Jersey and New York Sears locations in October.
"To understand why Sears is in a 'sell stores mode' one must look no further than the stores themselves, where the truth is to be found," Sozzi writes.
His photos show the sad reality of what Sears is today.
photos at link...
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Looks like a bargain basement.