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Sears is teetering on the edge of bankruptcy and Kmart could be its first casualty (SHLD)





sears

  • Sears’ sales are down 45% since early 2013, its debt load has spiked to over $4 billion, and the company is losing well over $1 billion annually.
  • To meet its obligations, Sears has been selling off valuable brands and properties.
  • Now its pool of assets is dwindling, increasing the risk of a bankruptcy, analysts say.
  • Kmart, in particular, is at risk of shutting down, as it loses market share fast.

Wall Street analysts have made the same prediction every year for nearly the last decade: Sears is imminently going bankrupt. But the retailer has managed to stay afloat with loans from its read more >>>

Source:: BusinessInsider.Com

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