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Sears Sees Last Hope For Survival Dimming As Home-Appliances Business Declines

May 27, 2016: 12:00 AM EST
Department-store chain Sears reported slightly improved profit due to cost cutting in the latest quarter, but sales dropped 8.3 percent during the period. Worse, the company's home-appliances business, its only hope for survival, is declining. To help improve its bottom line, the company said it plans to sell or license its Kenmore, Craftsman, and DieHard brands of home appliances.
Hayley Peterson, "Sears is losing its last hope for staying in business", Business Insider, May 27, 2016, © Business Insider Inc.
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