Sears Comp Declines Feature Heavily In FY Numbers, But Tax Break Boosts Profit

Source: Sears Holdings, Wednesday, Mar 14, 2018

Sears Holdings announced financial results for its fourth quarter and full year ended 3rd February 2018.  Q4 net income was USD182 million. Total comparable store sales declined 15.6% for the fourth quarter. Kmart comparable store sales declined 12.2%, while Sears comparable store sales declined 18.1%.