After years of asset sales, store closures, debt exchanges and real estate moves, Sears is still suffering huge losses and declining sales and analysts say bankruptcy is very likely.

The destruction of this 100 year old company was probably intended right from the beginning when the CEO took over. He took the stores, sold the underlying real estate to himself, then forced the company to lease the stores back from him. Classic move.

Source: Yes Sears is likely to collapse but its biggest stakeholder will be just fine – MarketWatch

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