- Portland, OR
Sears (SHLD) posts yet another quarter of Losses
As expected the third quarter (2012) released yesterday show a continuing dismal performance. Management seems to be taking some solace from the fact that the losses are smaller than in the same period last year, which is all well and good, but gives no indication of when the company will return to profitability. They, management, seem to be making much of the fact that operating costs have been reduced but give no explanation, that I have seem, as to how much of this is due to the reduced size of the operations (closed stores). Thoughts, comments anyone?