Sears
Could 2017 be the year that finally does in Sears? Shares of the troubled retailer, founded in 1893, plunged more than 50 percent in 2016, reaching an all-time low. In announcing woeful earnings results in December, Chairman and CEO Eddie Lampert said the company remains “fully committed to restoring profitability” by closing poorly performing stores and selling off assets, among other steps. But time for a real turnaround has likely run out.
