American Sears pensioners may soon find themselves in the situation. Sears Holdings (NASDAQ: SHLD) had a $1.6 billion shortfall in its pension fund, USA Today reported in March 2017.
What’s truly frightening is that Sears has no way to cover that shortfall. Its revenues fell by 27.22% during 3rd quarter 2017, Stockrow reported. Sears is operating at a loss; it reported an operating loss of $419 million and a net loss of $558 million on Halloween Day, 2017.Read more