Sunday, June 2, 2013

Sunday Globe Special: Where America Shops

Or not.... 

"It was another ugly quarter for Sears Holdings Corp. The beleaguered department store chain reported a steeper-than-expected loss for its first quarter on slumping sales. Like many retailers, Sears’ business in the first couple of months of the year was hurt by poor weather and economic pressures on its customers. Critics say that Sears still has not given shoppers a compelling reason to spend money there. For the period, Sears said it lost $279 million.... That compares with a profit of $189 million a year earlier. Revenue fell."