Sears’ sales fall 20% in Q1, but the retailer posts its first profit since 2015
Bloomberg News
(Bloomberg)—Sears Holdings Corp. rallied after posting its first quarterly profit since 2015, bringing a ray of optimism to a retail chain struggling to regain its relevance. First-quarter net income amounted to $244 million, compared with a loss of $471 million a year earlier. The gain reflects efforts by CEO Eddie Lampert to sell assets and […]