Executives are abandoning ship during the critical holiday season. The latest round of store closures is in the works. And a key apparel account just recorded another quarterly sales decline.
Yet despite the slew of negative headlines leading into Sears'
fiscal third-quarter earnings report Thursday, the department store
chain has reason — and likely, the resources — to hang on after the
holidays and through early 2017, when retail bankruptcies are typically
filed.. . . more