Despite the latest cuts at Sears Holdings Corp. , analysts say it’s possible the company won’t make cuts quickly enough to get back on track. Neil Saunders, managing director at GlobalData Retail detailed his two primary fears. “First, that Sears will not be able to cut fast enough to put the company on an even keel,” he wrote. “Second, that even with deep cuts, Sears may still fall short of being profitable at an operating level.” Increased sales, which is necessary for a turnaround “remains elusive.” Sears cut 220 workers, mostly at its Hoffman Estates headquarters, according to The Chicago Tribune. The cuts are effective immediately and are part of a previously announced restructuring. Sears shares are unchanged in Thursday premarket trading and are down 61.4% for the past year. The S&P 500 index is up nearly 24% for the last 12 months.
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