Sears’ same-store sales losses narrow but warns it may go out of business

Sears' same-store sales losses narrow but warns it may go out of business"It is imperative that the Company reduce debt, adjust its debt maturity profile and eliminate the associated cash interest obligations," Chief Executive Edward Lampert said in a blog post on the company's website. Sears is working to transform its business by selling brands like tool line Craftsman and building a stronger online presence. It was the second time in two years that Sears has expressed doubt about its business continuing as its losses mount.