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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 […]


The Economy Is Okay?! U.S. Retail Store Closings Hit New Record High As West Coast Homelessness Soars

Authored by Michael Snyder via The Economic Collapse blog, If the U.S. economy is doing just fine, why have we already shattered the all-time record for retail store closings in a single year?  Whenever I write about our “retail apocalypse”, many try to counter my arguments by pointing out the growing dominance of Amazon.  And […]


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 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 […]