"Retailer Sears Holdings, which has struggled with years of losses and declining sales, warned on Tuesday about its ability to continue as a going concern.
"Our historical operating results indicate substantial doubt exists related to the company's ability to continue as a going concern," Sears said in the annual report for the fiscal year ended Jan. 28."
Payless: http://ift.tt/2mSjc2U
Bebe: http://ift.tt/2mP4Hw2
Ebay CEO:
"The 2016 holiday season may have been a historic turning point that will take down players in the retail industry, eBay CEO Devin Wenig said.
"The fourth quarter of last holiday season was a really important moment," Wenig told CNBC's "Closing Bell" from the Shoptalk Conference in Las Vegas. "I think it was an inflection point where that was the end of retail as we know it. And I do think the restructuring of this industry is going to happen faster than a lot of people think.... the fourth quarter is the moment that people will look back on and say, 'That's when the current structure of the industry was irretrievable.'"
21 Retailers Closing 3,591 stores: http://ift.tt/2mP57mf
Submitted March 22, 2017 at 05:23AM by dvdmovie1 http://ift.tt/2nAHsKK
