Is Sears on the ropes?

HOFFMAN ESTATES, Ill. — Sears, the iconic department store chain, has reported financials for 2016 that put the company’s future in doubt among investors. In its latest annual report, the company indicates that it is having trouble managing the red ink. It lost $2.2 billion in 2016, and hasn’t turned a profit since 2010. Debt has grown to $4.2 billion, up from $3 billion a year earlier.