(Undated) — The Obama economy, or as I call it, Obama’s America: The company that owns Sears and Kmart continues to lose money at an alarming rate. Sears Holdings Corporation announced today that it lost over 400-million dollars in their first quarter, which ended May 3rd. The company reported a nearly seven percent in drop in sales despite deep discounts meant to draw shoppers to their stores. Sears plans to close 80 stores this year.
The average American does not have money to spend! 