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Would A Leveraged Buyout Help Sears Turnaround Its Business?

Practically since the day he took the reins at Sears, CEO and Chairman Eddie Lampert has been steadily stripping the once mighty retailing behemoth of assets and protecting his hedge fund’s investment as the company continues its steady march toward bankruptcy. Any customer with the temerity to visit one of the remaining Sears or K-Mart […]


Black Friday Sales Buoyed by ‘Blessed’ Cold Weather

Content originally published at iBankCoin.com The media is working over time to give retailers good press, seeing that they’re all but destroyed now. Long stories filled with anecdotal quotes from store managers litter the internet today, exclaiming the virtues being able to touch and feel items on sale, as opposed to merely buying them via […]


Sears Ends 100 Year Relationship: Stops Selling Whirlpool Appliances

Ending a business relationship that dates back more than 100 years, Sears announced this morning it would no longer sell Whirlpool appliances. As first reported by the WSJ, in a note sent to its stores last week, Sears said that Whirlpool was making demands that would have made it difficult to sell its appliances at […]


Sears Crashes After Second Largest Shareholder Resigns From Board

With Toys ‘R’ Us having already filed Chapter 11 bankruptcy, in a move that came as a shock to most of its bondholders, suddenly the race between Bon-Ton Stores and Sears Holdings who will file next, is entering its last lap. For those who may have missed it, late last week, in a scenario right […]


Sears Canada Liquidates: 12,000 Canadians To Lose Their Jobs

12,000 jobs may not sound like much but that’s roughly how many jobs Canada adds to its economy each month. Only in this case, that’s how many workers are about to find themselves without a job because overnight Sears Canada announced plans to liquidate its remaining 150 stores instead of restructuring, the latest admission of […]


I Know What the Economy Did Last Summer

  Summer closed in a whirlwind of weather chaos for the United States and its territories. At the start of the summer, two obvious signs that the US economy was flying apart emerged — the big blowouts in the auto industry and in retail . I found it helpful to take a review of what summer […]


Sears Death Spiral Accelerates: Vendors Halt Shipments As Cost Of Default Insurance Soars

When we commented back in March on the unexpected “going concern” notice in Sears’ 10-K which sent the stock crashing, we pointed out the immediate spin provided by Eddie Lampert’s distressed retailer which promised that its comeback plan may help alleviate the concerns, “satisfying our estimated liquidity needs 12 months from the issuance of the […]


Here’s How The Next Recession Begins

Authored by Simon Black via SovereignMan.com, In 1886 there were only 38 states in the United States. Electric power was still cutting edge technology that few people had ever seen. The Statue of Liberty hadn’t even been dedicated yet. But it was that year that a man named Richard Sears founded a small retail company […]