World Events and the Bible

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Sears Warns of ‘Substantial Doubt’ About Company’s Future

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Sears Holdings Corp. acknowledged “substantial doubt” about its ability to keep operating, raising fresh concerns about a company that has lost more than $10 billion in recent years.

The retailer added so-called going-concern language to its latest annual report filing, suggesting that weak earnings have cast a pall on its future as a business. “Our historical operating results indicate substantial doubt exists related to the company’s ability to continue as a going concern,” the Hoffman Estates, Illinois

Source: Sears Warns of ‘Substantial Doubt’ About Company’s Future – Bloomberg



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