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disclosed in a 10-Q regulatory filing
that as management progresses in its transformation it is focusing on profitability instead of revenues, market share and other metrics which relate to, but do not necessarily drive profit.
The company added that its approach may negative impact sales but is aimed at returning towards profitability.
"We intend to continue taking actions to alter our capital structure and liquidity position, as circumstances necessitate, to position the Company for success and profitability with the goal of also creating long-term value and funding our transformation," Sears added. " In addition to the previously described actions taken to date in 2016, we expect to pursue other near-term actions to improve liquidity. These additional actions may include expense reductions as well as asset sales. The specific assets involved, the timing and the overall amount will depend on a variety of factors, including market conditions, interest in specific assets, valuations of those assets and our underlying operating performance."
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