business news in context, analysis with attitude

The Chicago Sun Times reports that Sears Holdings laid off 200 corporate employees, which the company said is part of its ongoing restructuring plan, which also has included the closure of hundreds of stores.

“As we continue toward our goal to return the company to profitability, today, as part of the restructuring program, we announced internally the decision to eliminate approximately 220 positions at our corporate offices,” the company said in a prepared statement.
KC's View:
If they really want to return to profitability, I’d suggest a magician.

Or maybe an exorcist.