Sears Discloses for First Time it May Not Survive, Marks Latest Blow to Dept. Store/Mall Sector

Sears Holdings Corp. (NASDAQ:SHLD) saw its share price plunge this week after disclosing there was “substantial doubt” about its ability to remain in business, raising fresh concerns about the survival of a company that was once the world’s largest retailer. Though the 131-year-old department-store chain said it has enough cash to carry it through 2017, the disclosure is more alarming since new accounting rules that took effect this year require…
National Commercial Real Estate News From CoStar Group

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