Posted 7 years ago on April 23, 2012, 2:04 a.m. EST by Pequod
This content is user submitted and not an official statement
Sears is the ultimate middle man: makes nothing, sell a ton of different items fro clothes to tires and tools.
It's going bankrupt. I guess those unfettered profits were more fettered than we thought.
Retail is a very tough business. Margins are very very thin.