Sears Holdings Corporation announces improvement in 4Q 2016 operating performance

Preliminary fourth quarter 2016 operating results represent significant year-over-year improvement Launches comprehensive restructuring to streamline operations, targeting at least $1.0 billion in annualized cost savings in 2017 Right-sizes asset-based credit facility, creating an incremental $140[1] million in liquidity Plans to reduce outstanding debt and pension obligations by at least $1.5 billion, utilizing proceeds from recent […]