(Reuters) - Beleaguered retailer Sears Holdings Corp (O:SHLD) on Tuesday warned about its ability to continue as a going concern.
"Our historical operating results indicate substantial doubt exists related to the company's ability to continue as a going concern," Sears said in the annual report for the fiscal year ended Jan. 28.
However, Sears said actions taken to boost liquidity during the year, including the sale of the Craftsman tool brand to power tool maker Stanley Black & Decker Inc (N:SWK), could mitigate the going concern doubt.