Sears is teetering on the edge of bankruptcy and Kmart could be its first casualty (SHLD)
|12/16/2017||Posted by BusinessMediaguide.Com under General World News||
- 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 >>>