The Numbers Don't Lie: Sears Posts $748M 3Q Loss

Sears has reported a significant financial loss of $748 million in the third quarter, adding to a cumulative loss of $9.35 billion over eight years. The company faces declining sales and plans to close more stores. Eddie Lampert, the billionaire behind Sears, has been selling assets to keep the company afloat. Despite a merger with Kmart in 2005, sales have not improved, and the company is considering selling its Craftsman, Kenmore, and DieHard brands to generate cash. The future remains uncertain as Sears struggles to return to profitability.

What was the amount of the third-quarter loss reported by Sears?

• $500 million

• $748 million

• $2 billion

• $1 billion

What is the cumulative financial damage Sears has faced over the past eight years?

• $12 billion

• $7.5 billion

• $5 billion

• $9.35 billion

What strategy has Eddie Lampert used to support Sears financially?

• Merging with other companies

• Increasing store count

• Selling off household brands and real estate

• Launching new product lines

What was the percentage drop in same-store sales at US Sears locations last quarter?

• 5%

• 7%

• 12%

• 10%

What brands might Sears sell to address its financial losses?

• Craftsman, Kenmore, and DieHard

• Nike, Adidas, and Puma

• Apple, Samsung, and Sony

• Ford, Chevrolet, and Tesla