Sears Pension Benefits Archives

daniel January 25, 2018 Congress needs to Increase Social Security and Address Pensions now, Retail Apocalypse, Sears Catastrophe, Sears Holdings (NASDAQ: SHLD), Sears Implosion will hurt everybody including Pensioners and Stockholders, Sears Pension Benefits, Sears USA is next, Will the Sears Catastrophe be repeated?

Sears Implosion will hurt everybody including Pensioners and Stockholders

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.