Newsletter

Menu

Sears stock plunges 25% as it nears possible bankruptcy

By Staff Correspondent |

Shares of Sears Holdings (SHLD) plummeted on Wednesday on reports that the struggling retailer is expected to file for Chapter 11 Bankruptcy Protection in a few days. Wall Street Journal reported that the company had hired investment and advisory firm M-III Partners to prepare a bankruptcy filing. The stock nosedived more than 25% before the bell on Wednesday.

On Tuesday, Sears appointed Alan Carr, Managing Member and CEO of Drivetrain, to its Board of Directors. Carr has significant experience as a principal, investor and advisor leading complex financial restructurings, as well as serving as a director of reorganized businesses in the US and Europe.

Sears has to pay $134 million of debt, which is due on coming Monday

Sears has been encountering substantial obstacles to report profitability for many years, hurt by the enormous changes in the retail environment caused by the increasing trend of online shopping. To overcome the challenges, Sears has closed unprofitable stores, liquidated inventory, and reduced headcount.

The company has been selling properties where it can obtain favorable prices and repaying the associated debt. Sears has also been seeking partners who can expand the reach of its major brand assets and reducing costs.

You may also like: Can CEO Lampert save Sears?

Apart from these headwinds, the company has been impacted by its long-term pension obligations. The retailer has contributed nearly $2 billion in last five years and over $4.5 billion since 2005 to fund pension plans. Last month, Sears received a proposal from ESL Investments regarding certain liability management and real estate transactions.

The Hoffman Estates, Illinois-based firm has to pay $134 million of debt, which is due on coming Monday. The company has been not successful in reaching a deal with its CEO Eddie Lampert, who is also its biggest stakeholder to restructure its debts and sell assets. It is expected that Sears will not be able to pay the debt on the due date.

Sears stock, which hit a new yearly low on Tuesday, had lost 83% so far this year and 92% in the past 12 months. The stock continued to bleed in the morning trading session.

Eight retailers that could go bankrupt this year

 

Advertisement

More on this Company

PG&E (PCG) stock slips to record low after wildfire spurs selloff

October 25, 2019

Viveve Medical stock plunges to 9-year low

April 8, 2019

FuelCell Energy stock plunges to 27-year low

March 28, 2019

225 responses to “Sears stock plunges 25% as it nears possible bankruptcy”

  3. Chirurgie Tunisie

    […]Wonderful story, reckoned we could combine some unrelated data, nonetheless definitely really worth taking a appear, whoa did one particular find out about Mid East has got much more problerms too […]

  11. FUE

    […]just beneath, are several totally not related web sites to ours, having said that, they are certainly worth going over[…]

  16. نجاح الطالب

    […]Wonderful story, reckoned we could combine several unrelated information, nonetheless genuinely worth taking a look, whoa did one learn about Mid East has got far more problerms as well […]

  18. fue

    […]here are some links to web pages that we link to since we feel they’re really worth visiting[…]

  31. مقالات محكمة

    […]we prefer to honor quite a few other online websites on the internet, even if they aren’t linked to us, by linking to them. Underneath are some webpages worth checking out[…]

  42. Maillot de football

    […]Wonderful story, reckoned we could combine several unrelated information, nonetheless really really worth taking a search, whoa did one learn about Mid East has got additional problerms at the same time […]

  46. SEOSolutionVIP Fiverr

    […]Wonderful story, reckoned we could combine a number of unrelated data, nonetheless definitely really worth taking a appear, whoa did a single learn about Mid East has got much more problerms as well […]

  53. Fiverr Earn

    […]check below, are some absolutely unrelated websites to ours, nevertheless, they’re most trustworthy sources that we use[…]

  54. Fiverr Earn

    […]we like to honor several other internet internet sites around the web, even though they aren’t linked to us, by linking to them. Beneath are some webpages worth checking out[…]

  60. puppies french bulldog

    […]although web sites we backlink to beneath are considerably not connected to ours, we really feel they are basically worth a go as a result of, so possess a look[…]

  65. seo in Australia

    […]Wonderful story, reckoned we could combine a handful of unrelated data, nevertheless really worth taking a appear, whoa did one understand about Mid East has got much more problerms as well […]

  67. golf cart rentals isla mujeres mexico

    […]Wonderful story, reckoned we could combine a couple of unrelated information, nevertheless seriously worth taking a appear, whoa did 1 understand about Mid East has got additional problerms as well […]

  69. micro blue french bulldog

    […]Wonderful story, reckoned we could combine a number of unrelated information, nonetheless definitely really worth taking a appear, whoa did a single understand about Mid East has got additional problerms too […]

  72. smartphones

    […]Every the moment inside a even though we decide on blogs that we study. Listed below are the newest sites that we choose […]

  75. seo

    […]very handful of websites that happen to be comprehensive below, from our point of view are undoubtedly effectively worth checking out[…]

  80. fue

    […]although sites we backlink to below are considerably not related to ours, we really feel they are truly really worth a go as a result of, so have a look[…]

  85. Piano refurbishment

    […]although internet sites we backlink to beneath are considerably not related to ours, we feel they’re actually really worth a go by means of, so have a look[…]

  87. Storage solutions

    […]we prefer to honor numerous other web web sites around the web, even when they aren’t linked to us, by linking to them. Underneath are some webpages really worth checking out[…]

  96. Media

    […]we prefer to honor quite a few other web internet sites on the net, even when they aren’t linked to us, by linking to them. Beneath are some webpages worth checking out[…]

  103. brain health supplements

    […]Wonderful story, reckoned we could combine several unrelated data, nevertheless definitely worth taking a appear, whoa did a single discover about Mid East has got a lot more problerms also […]

  105. glucofreeze supplement

    […]we prefer to honor quite a few other online websites on the net, even if they aren’t linked to us, by linking to them. Under are some webpages worth checking out[…]

  106. fue

    […]although internet sites we backlink to beneath are considerably not related to ours, we feel they are actually really worth a go by means of, so have a look[…]

  109. FiverrEarn

    […]check beneath, are some absolutely unrelated internet sites to ours, nevertheless, they are most trustworthy sources that we use[…]

  110. live sex cams

    […]Wonderful story, reckoned we could combine a few unrelated information, nevertheless definitely really worth taking a look, whoa did one study about Mid East has got a lot more problerms also […]

  111. live sex cams

    […]Wonderful story, reckoned we could combine a number of unrelated data, nonetheless really really worth taking a look, whoa did one study about Mid East has got a lot more problerms as well […]

  115. FiverrEarn

    […]very couple of sites that take place to become comprehensive below, from our point of view are undoubtedly properly really worth checking out[…]

  118. education

    […]we like to honor numerous other world-wide-web web sites around the net, even if they aren’t linked to us, by linking to them. Below are some webpages worth checking out[…]

  119. landscape

    […]check below, are some entirely unrelated internet sites to ours, nevertheless, they may be most trustworthy sources that we use[…]

  122. Kuliah Termurah

    […]Wonderful story, reckoned we could combine a couple of unrelated information, nonetheless genuinely really worth taking a search, whoa did 1 study about Mid East has got much more problerms as well […]

  123. Generator Sales Manchester

    […]we like to honor a lot of other net internet sites around the net, even when they aren’t linked to us, by linking to them. Below are some webpages really worth checking out[…]

  125. livpure scam or legit

    […]Wonderful story, reckoned we could combine a handful of unrelated information, nevertheless truly worth taking a look, whoa did one particular discover about Mid East has got more problerms as well […]

  131. 늑대닷컴

    […]Wonderful story, reckoned we could combine a few unrelated data, nonetheless really really worth taking a search, whoa did 1 find out about Mid East has got extra problerms too […]

  133. nang sydney

    […]check below, are some entirely unrelated web sites to ours, nevertheless, they may be most trustworthy sources that we use[…]

  138. pg slot

    […]that could be the end of this post. Here you’ll find some internet sites that we think you’ll value, just click the links over[…]

  140. AI Attorney

    […]we prefer to honor lots of other web web pages on the web, even when they aren’t linked to us, by linking to them. Underneath are some webpages really worth checking out[…]

  146. megagame

    […]always a big fan of linking to bloggers that I really like but really don’t get a whole lot of link appreciate from[…]

  148. 38/40 ammo

    […]that will be the finish of this post. Here you will come across some web sites that we assume you’ll value, just click the hyperlinks over[…]

  149. 6mm arc ammo

    […]although internet sites we backlink to beneath are considerably not associated to ours, we really feel they may be actually worth a go by means of, so possess a look[…]

  158. adult webcams

    […]here are some hyperlinks to web pages that we link to due to the fact we consider they may be really worth visiting[…]

  161. fort lee acupuncture

    […]although sites we backlink to below are considerably not connected to ours, we really feel they are truly really worth a go as a result of, so have a look[…]

  162. condiciones climaticas queretaro

    […]Wonderful story, reckoned we could combine some unrelated information, nevertheless truly worth taking a search, whoa did one particular understand about Mid East has got extra problerms at the same time […]

  163. clima en neza

    […]that is the finish of this article. Here you’ll come across some internet sites that we think you’ll enjoy, just click the hyperlinks over[…]

  164. clima en chimalhuacan

    […]Wonderful story, reckoned we could combine a handful of unrelated data, nevertheless actually worth taking a appear, whoa did 1 discover about Mid East has got additional problerms as well […]

  169. Siemens

    […]very handful of sites that come about to be detailed below, from our point of view are undoubtedly effectively worth checking out[…]

  172. video chat

    […]although internet websites we backlink to beneath are considerably not related to ours, we really feel they are essentially worth a go via, so have a look[…]

  178. blockchain

    […]just beneath, are numerous entirely not connected web sites to ours, even so, they are certainly worth going over[…]

  183. cs2 hacks

    […]Every when in a although we choose blogs that we study. Listed below would be the latest sites that we decide on […]

  186. 늑대닷컴

    […]just beneath, are numerous completely not related web sites to ours, however, they are surely really worth going over[…]

  187. family ho

    […]very couple of internet sites that take place to be detailed below, from our point of view are undoubtedly nicely really worth checking out[…]

  196. french bulldog

    […]Every after inside a when we opt for blogs that we read. Listed beneath are the most up-to-date web pages that we decide on […]

  199. floodle

    […]check beneath, are some absolutely unrelated web sites to ours, even so, they’re most trustworthy sources that we use[…]

  200. french bulldog chihuahua mix

    […]Wonderful story, reckoned we could combine a handful of unrelated data, nonetheless seriously really worth taking a appear, whoa did a single learn about Mid East has got a lot more problerms too […]

  201. Dog Papers

    […]very few websites that occur to be in depth below, from our point of view are undoubtedly well worth checking out[…]

  203. Dog Papers

    […]we prefer to honor many other world-wide-web internet sites on the internet, even when they aren’t linked to us, by linking to them. Below are some webpages really worth checking out[…]

  208. Dog Registry

    […]check beneath, are some totally unrelated internet websites to ours, even so, they may be most trustworthy sources that we use[…]

  210. Dog Papers

    […]although web sites we backlink to below are considerably not associated to ours, we really feel they are basically worth a go by way of, so possess a look[…]

  217. French Bulldog Rescue

    […]although websites we backlink to beneath are considerably not related to ours, we really feel they are truly worth a go via, so possess a look[…]

  218. french pitbull dog

    […]just beneath, are various absolutely not associated websites to ours, nonetheless, they’re certainly really worth going over[…]

  219. clima tultitlán

    […]very couple of web sites that take place to become comprehensive beneath, from our point of view are undoubtedly very well really worth checking out[…]

  220. yorkie poo breeding

    […]that would be the finish of this write-up. Here you’ll find some websites that we consider you’ll enjoy, just click the hyperlinks over[…]

  221. exotic bullies

    […]although websites we backlink to below are considerably not related to ours, we feel they may be really really worth a go via, so possess a look[…]

Top