08.06.2015 - Sears has reduced sales
US retailer Sears announced the continuation of the reduction of sales in the first quarter, but despite this the yield has increased. Recently, the company announced its intention to sell about 235 properties which worth is close to $ 2.5 billion and renting this property, the new trust. Revenue fell by 25% to 5.88 billion. At the same time, profitability increased to 25.8% versus 23.2% previously. In the quarter that ended on May 2, the company received 303 million dollars against 402 million loss in the same period last year. We expect revenue growth in future periods, and forecast growth of 25-27% per year.