It Will Likely be Another Tough Quarter For Sears And Gap

Struggling retailers Sears Holdings and Gap report earnings on Thursday capping off what’s been a difficult year for them both.
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Struggling retailers Sears Holdings (SHLD) and Gap (GPS) report earnings on Thursday capping off what’s been a difficult year for them both. While some retailers are reporting soft numbers due to warmer than normal weather in the last quarter, Sears and Gap have much deeper problems. One expert doesn’t expect to see any signs that things are getting better when Sears reports. Martis said questions continue to be raised by just how viable the company is long term. Gap is also expected to report a drop in revenue, along with a decline in earnings. According to analysts surveyed by Thomson Reuters, revenue will decline more than 5.5%. On CNBC’s ‘Mad Money’ this week, Jim Cramer said there’s simply no reason to own the Gap stock, which he calls ‘toxic.’ Gap stock lost 41% in 2015, but has gained ground since the start of the year.