Update
More on the downfall:
Sears Holdings Corp. suffered its worst stock decline in more than two years after acknowledging “substantial doubt” about its future, raising fresh concerns about the survival of a company that was once the world’s largest retailer.
Source: Sears Plummets After Filing Sparks Concern That End Is Near
January 4, 2017
It appears that Sears/K-Mart is on a downward spiral.
Hedge-fund manager Edward Lampert has pumped an additional $1 billion into his years-long effort to revive Sears, but the CEO’s latest financing likely is just another short-term fix for the struggling retailer.
Source: CEO Lampert Pumps Additional $1 Billion Into His Sears Bet
December 8, 2016
The venerable Sears retail stores, a mainstay of America for more than 100 years, is running into major financial problems:
It has lost more nearly $10 billion since 2010 and the retailer has sought to plug that with the sale of countless assets like some of its best stores, its stakes in Sears Canada and Lands’ End. It is currently trying to find buyers, investors or partners, for its remaining crown jewels, its Kenmore, Craftsman, and DieHard brands.