© 2024 Milwaukee Public Media is a service of UW-Milwaukee's College of Letters & Science
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Financial Woes Place Future Of Sears In Doubt

NPR's Audie Cornish talks to Business Insider reporter Hayley Peterson about the state of Sears. In its annual report, the company expressed doubt about its survival and outlined steps to mitigate the risks.

Copyright 2021 NPR. To see more, visit https://www.npr.org.

Corrected: March 26, 2017 at 11:00 PM CDT
In this story, we state that the CEO of Sears Holdings said he has serious doubts the company will survive. While we note that this assessment came from the company in its annual report, we incorrectly attribute the statement to the CEO. We should also note that the annual report detailed steps the company is taking to mitigate the risks.