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Article Date: October 2018
Word Count: 348

Reports: Sears Close to Bankruptcy


To the surprise of no one who has been following the long, tortured decline of Sears and Kmart, parent Sears Holdings is said to be close to filing for bankruptcy protection after failing to restructure its enormous long term debt. SHLD has over $5 billion in borrowings, with a $134 million payment due on Oct. 15 that many have speculated could be the trigger for a filing. Industry suppliers presumably have SHLD on a pretty short credit leash. The retailer sells exercise equipment from Icon brands NordicTrack, Proform and Weider along with Everlast and Impex. Team sports and some of ... Log in to view full article.

 


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