The parent company of Sears and Kmart issues a warning about the company’s finances. (Sandy Huffaker/Bloomberg News)After years of mounting losses, the parent company of Sears and Kmart says there is “substantial doubt” about its financial viability. “Our historical operating results indicate substantial doubt exists related to the company’s ability to continue as a going concern,” Sears Holdings said Tuesday in its annual report. Sears Holdings is the parent of Kmart and Sears, Roebuck, & Co. Sears Holdings hasn’t turned an annual profit since 2010.

Source: Washington Post March 22, 2017 14:43 UTC