By Steve Rhodes
“Sears Holdings Corp. suffered its worst stock decline in six weeks after acknowledging ‘substantial doubt’ about its future, raising fresh concerns about whether a company that was once the world’s largest retailer can survive,” Bloomberg reports.
“Sears added so-called going-concern language to its latest annual report filing, suggesting that weak earnings have cast a pall on its ability to keep operating. The 131-year-old department-store chain, which has lost more than $10 billion in recent years, was cited last year by Fitch Ratings as a company at high risk of defaulting.”
Not to make light of a disaster long in the making, but back in January, amidst discouraging Sears news, Beachwood Labs got to work on a recovery plan for a post that got lost in the shuffle. Here’s that post now:
Posted on March 22, 2017

