Chain Store Age
Reports of Sears headed to liquidation suggest that the much-storied retailer is now at the end of its long road to collapse. Its recent journey to this point has been characterized by incredibly poor strategic decisions, chronic underinvestment, and continuous financial machinations designed to keep the company afloat. All of this impacted trading, which has remained dire, making Sears more like a patient in a coma than a fully functioning retailer.
While Eddie Lampert has worked hard to rescue the remains of his empire, there is simply not enough financial firepower left in the company to persuade investors of his bid. . . . more