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JC Penney Is Taking Notes
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As expected, Sears filed for Chapter 11 after one of the longest declines in retail history. Why it took so long, I don't know, but they'll be closing more stores, and by now, I doubt too many people will miss Sears or Kmart. So, here's the question: At this point, ignoring the shoulda-woulda of recent years, is there any possible way that Sears could make a comeback? Is the name Sears worth anything anymore? Or have years of mismanagement and hedge fund games left what was once America's biggest retailer dead in the water? (USA Today)
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