Is the End in Sight at Sears?

It looks as if Sears is close to death and a chapter in American retail history is about to end. We are now living in the age of Amazon and many brick and mortar retailers are doomed.

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This Retailer is worse than Sears

Every store with the name Sears on it might be history in the very near future. One of the legends of American retail is about to die. One has to wonder if anything named Sears can make money in today’s world.

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Sears Investors are about to get Burned…. again possibly by a Kmart REIT

Investors need to say away from a potential Kmart REIT like anything Lampert touches it will lose money. It looks as if another group of investors are about to get burned by another lousy Lampert stock.

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How is Sears Staying in Business?

Sears stockholders had better sell off fast because the final round of the Sears death spiral seems to be beginning. It’ll be a miracle if Sears survives 2017 without bankruptcy or liquidation.

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Sears the Agony Continues

Just to remain viable as a retailer; Sears would have to close 43% of its stores or around 300 locations, Green Street estimated. That figure might be optimistic because of the loss of consumer confidence in Sears. There is no evidence that customers would return if Sears shuttered a bunch of money-losing locations.

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Kmart has Lost 67% of its Business in 15 Years

The revenue figures show us that Kmart is now smaller than Dollar General (NYSE: DG). Dollar General reported a TTM Revenue of $19.31 billion on April 30, 2015.

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Seritage Will Not Help Sears Avoid Death Spiral

One also has to wonder what Seritage investors are actually buying. Seritage purchased the properties from Sears for $2.72 billion, yet it only raised $1.6 billion through the IPO. It is unclear how it will generate revenue because all but 11 of the properties it owns are leased back to Sears, a company that’s losing $2 billion a quarter. There’s no guarantee that Sears will be able to cover those lease payments.

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Just How Bad Is the Retail Apocalypse Anyway?

The social, political and economic consequences of the retail apocalypse will be immense. It will change America in ways we cannot even begin to imagine. One has to wonder how much longer this will continue until it produces some sort of civil unrest.

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Lawsuit Alleges Latest Lampert Deal Would Make Sears Insolvent

The Robbins Arroyo prediction of insolvency because of the real estate deals sounds a little too optimistic when you take a look at these figures. If the revenue losses continue, Sears is headed for insolvency with or without the Seritage and other deals.

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