Breaking News. 20. By Daniel B. Kline. The Motley Fool. December 3. The company has staved off death by borrowing money, but how long can that last? News that Sears Holdings had lined up a new credit facility sent shares of the company dramatically higher Thursday, Dec. The company closed on Dec. The stock gained on the idea that the company behind Sears and Kmart had bought itself a little time even if the money it now has access to will not cover its 2.

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• How Bad Is Sears Holdings' Debt Problem? 30, 2016 Sears lines up more credit from its CEO Dec. 29, 2016 Charleston Town Center anchor Sears to close.

The company posted a loss of $7. Q3 2. 01. 5. In addition, revenue dropped by $7. Q3. Some of that comes from the chain having fewer Sears and Kmart stores open; having fewer locations did not boost the remaining ones. Instead, comparable- store sales suffered a 7. CEO Eddie Lampert, whose hedge fund loaned the company $3. August, has pushed the idea that the company can stabilize by closing unprofitable stores and focusing on its Shop Your Way digital platform.

But little has happened to show that Lampert's vision will come true. Sears has already lost $1. Como Hacer Un Manual De Usuario Interactivo Cuba here. That line can be expanded by up to another $3. The money is coming from affiliates of ESL Investments Inc. The chain must raise about $1.

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Moody's Analyst Christina Boni, as reported by Bloomberg. At that time, there were reportedly multiple companies interested, with bids expected in November. That never materialized, which suggests that either the offers were not high enough or none were made. The problem, of course, is that raising capital via one- time asset sales does not change the company's fundamental issue - - it does not have enough customers. Lampert has insisted that closing stores and building out Shop Your Way offers his company a future, but nothing in Sears' financials suggest that to be true. He will miss Sears where he sometimes buys pants. The Motley Fool has no position in any of the stocks mentioned.

Over the past two years, Lampert and his hedge fund have loaned Sears more than $8. Business Insider. Hollar, CFO, Sears Holdings. Sales plunged 1. 3% to $5 billion. Same- store sales fell 7. The Sears Auto Center will also be closing as part of the move. Sears opened at the Town Center in 1.

Sears web page for that location. Sears Holdings also has significant debts including an unfunded pension and post- retirement obligation of $2. More than 7. 50 leases on Sears and Kmart stores expire in the next five years.

At Sears, of course. It's always full of what I need. It's also considering selling off its most popular and enduring brands: Kenmore, Craftsman and Die. Hard. Penney has logged a surprising, against- the- wind comeback.

Once at death's door, JCP is scrapping head- to- head with Sears for the admittedly shrinking midlevel, brick- and- mortar market with doorbusters and a strong connection between its websites and its mall stores. Penney have similar issues. The tall, old- fashioned, display- friendly windows that once wooed passers- by to peek inside have been covered up, and the aisles at the store were a ghost town during a weekday in late November. He put hedge- fund managers in charge of the retail business and took a hands- on approach. He focused on slashing costs and moved away from Sears' emphasis on customer service.

Sears has lost more than 9. To keep it above water, Lampert sold off its valuable real estate. Penney is attempting to chip into that market. Penney is expecting to turn a profit next year for the first time since 2.

Ellison, a former Home Depot executive. The change cost the company billions of dollars and nearly sunk it. Piped- in salsa music filled the young men's section at the Glendale Galleria store, Christmas- themed icicles hung from the ceiling and a group of teenagers rummaged through discounted Levi's jeans. Penney bags filled with shoes and jackets for her teenage son, Rose Flores, a 5. Downey, said her family has been coming to the store for generations. Penney is going to get back to its roots,? Penney is heavily focused on apparel.

The company recently dusted off an old marketing model, offering deals for consumers to get their . The move toward thrifty consumers shopping for the family has helped lift its profile. And, after its early- year sales surge, the company recently reported weaker than expected third- quarter earnings. At the same time, it is also being squeezed on the low and high end from such retailers as Nordstrom and Target. An April report by real- estate research firm Green Street Advisors found that per- square- foot sales dropped 2. To become profitable, the firm estimates that Sears would have to shed 3.

J. C. Because it does still have a relatively valuable real estate portfolio, it may be able to continue shambling along for some time, but it's clear to everyone except CEO Eddie Lampert that there is no hope that it will come back to life. Revenue fell 1. 2. Sears and Kmart stores are in operation, coupled with yet another quarter of falling same- store sales, widened losses to $7.

Although Lampert has tried to transform the retailer into a smaller, leaner, more digitally savvy business, it comes too late, and he probably brought too little dry powder to the battle to make a successful change. And January is one of the most popular months for declaring bankruptcy, as companies are often flush with cash from the holiday season. However, with valuable assets such as Kenmore, Craftsman, and Die. Hard still in its portfolio, and a bevy of real estate it can still sell off, it's likely Sears will continue to exist for a while among the walking dead. In the quarterly earnings announcement, the hedge- fund operator says he remains .

Still under consideration are the sale, spinoff, or some other strategic arrangement with Kenmore, Craftsman, and Die. Hard (KCD) as well as Sears Home Services, and the real estate it still owns. It really has no cash left - - it reported just $2. Its access to financing is limited as well, and it needs to repeatedly turn to Lampert to keep it going, as it did in the second quarter, when he injected $3. The move was unsuccessful.

Toymaker JAKKS Pacific said it stopped shipping inventory to a major retailer experiencing financial difficulties, which was widely read as being Sears, and Business Insider reported that a half- dozen of its clients have . In particular, it said apparel sales plunged 4. While making the products and appliances available to more consumers is a good idea, using Sears Hometown as the channel for that isn't likely to be a viable one, since consumers who are shopping at the Hometown stores are also probably shopping at Sears. It's not unreasonable to assume that they have the same customer base and the customers already made the decision not to buy.

It faces falling sales, growing losses, a heavy pension burden, and a shrinking asset base that's losing value daily. That real estate, for example, might not be as valuable as believed, as retailers across the industry shrink their footprint. Penney is testing a category more typically associated with Home Depot or Lowe's than a department store: heating, ventilation and air- conditioning systems. The initiative was spearheaded by CEO Marvin Ellison, who joined Penney from Home Depot.

It's located next to major appliances. Home Depot sells major brands including Carrier and Lennox. A big focus of Ellison's has been to find ways to boost sales in home, which lost the most revenue during an attempt to reinvent the department store by former CEO Ron Johnson. Diane Ellis stepped down as CEO in the fall to become the chief executive of Chicos FAS Inc. John Buell, Limited CFO was named interim CEO in her absence. But he left in December to become CFO at apparel retailer Altar'd State. Pacific Sun, Aeropostale, and American Apparel all filed Chapter 1.

It is no longer black and white for retailers either, as cutting- edge platform and technology adoption is a pre- requisite in order to remain competitive.