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Here we go again?

Sears Holdings late Friday issued a statement confirming that the company is investigating whether it was the victim of a security breach.

"There have been rumors and reports throughout the retail industry of security incidents at various retailers and we are actively reviewing our systems to determine if we have been a victim of a breach," read the statement. "We have found no information based on our review of our systems to date indicating a breach."

The statement offered no additional details about when it began the investigation. The news comes just a day after the company posted fourth quarter results. Although net and same-store sales dropped in the quarter, the company was able to narrow its loss, as it lowered expenses and reduced inventory. A breach could very well hurt the company’s progress.
 

 

 

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