Sarah Halzack, Columnist

Another Year, Another Disaster for Sears

Yes, it's been on Death Watch for years, but its problems just keep getting worse.
Photographer: Joe Raedle/Getty Images
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Every time I read a press release from Sears Holdings Corp., I get a sense of déjà vu.

Over and over again, the company announces it has secured some sort of financing lifeline and has fresh plans to wield the cost-cutting knife. It seeks to assure us this is all part of a journey back to profitability.