“Sears [Stocks] Plummets After Citing ‘Substantial Doubt’ About Future”

Sears Holdings Corp. suffered its worst stock decline in six weeks after acknowledging “substantial doubt” about its future, raising fresh concerns about whether a company that was once the world’s largest retailer can survive…

The 131-year-old department-store chain, which has lost more than $10 billion in recent years, was cited last year by Fitch Ratings as a company at high risk of defaulting.”

https://www.bloomberg.com/news/articles/2017-03-21/sears-warns-there-s-substantial-doubt-about-company-s-future

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