So far in 2018, the Sears story remains roughly the same: shuttered stores, cost cuts and incremental financial maneuvers. As a direct result of all these moves in recent years, the company has shrunk at an astonishing pace. And at least partly as a result, the company’s sales continue to collapse.
To be sure, Sears needs to get its balance sheet under control. The retailer noted the relative improvement came amid “challenges in the retail environment” and demonstrated “that the restructuring actions taken in 2017, including the closure of unprofitable stores, have resulted in meaningful improvement in our performance.”
