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Sears: The Winners and Losers

Sears: The Winners and Losers

Sears: The Winners and Losers
October 11
05:25 2018
Booking.com



The end of the line looks nearer than ever for Sears Holdings Corp.
The long-suffering retailer’s stock plummeted Wednesday on reports that it was finally preparing for bankruptcy before a $134 million debt payment Monday, with an adviser on deck and debtor-in-possession financing in the works.
As the company hunkered down — a spokesman did not respond to a request for comment — the rest of the industry tried to gauge the potential impact of bankruptcy at the company, which after years of cuts still has 866 stores and logged apparel and soft home sales of $4.28 billion last year (a 23.1 percent decline from 2016).
The early read is that the bankruptcy would come down hard on vendors that have been rolling the dice and shipping goods to Sears, even on a month-to-month basis, without the financial protection of a factor as a go-between. Landlords might also find themselves with suddenly open spaces while stores from other failures like Toys ‘R’ Us and Bon-Ton are still dark.
There are also hopes — that a bankruptcy at the company would be fertile with opportunities for competitors looking for sales and new customers and malls trying to reinvent.
Shyam Gidumal, leader of the consumer products and

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