Wednesday, September 28, 2016

Sears Could Be Bankrupt Soon as Debt Deadlines Loom, Fitch Says

Image result for SearsFor Edward Lampert's beleaguered Sears Holdings, the outlook may soon change from bleak to broke, according to Fitch Ratings.

Sears has "significant default risk" within the next 12 to 24 months, triggered by years of weak store traffic and high levels of debt, the ratings company said in a report on Wednesday.. . . more

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