The parent company of Sears and Kmart faced difficulties as stores continue to close, forcing them to strike a deal with Amazon selling its appliances online. With its sister Sears Canada filing for bankruptcy, things look rather bleak.
Looking for leads, investment insights, or competitive intelligence?
News about Sears Holdings
Must-read business news, delivered every morning.
Revenue fell due to fewer stores and a 12% drop in comparable-store sales.
Penney's shares head to all-time lows.
Amazon already sells Sears' appliances.
The breakup of Sears may yet continue.