Thread regarding Sears layoffs

3% sales?

How about half a billion loss for Q2. Open your eyes. There’s no help for you if you can’t help your self.

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| 757 views | | 2 replies (last September 14, 2018) | Reply
Post ID: @OP+V8uOiLK

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@V8uOiLK-1fex Nope, it sure as hell doesn't. So what do these Kmart/Sears fantards have to get excited about?

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Post ID: @1oyj+V8uOiLK

Based on the Merchandise Sales for the quarter, of $2.428B, a 3% increase (if all of the sales were comp store only, which they are not, because they include closing stores) would at max contribute $70-71m for the quarter, and a gross margin of $10.89m (based on the 15.4% gross rate). That doesn't begin to stem the $500m loss for the quarter.

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Post ID: @1fex+V8uOiLK

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