Even Black Friday Can’t Save Sears

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Black Friday has traditionally been the all-hell-breaks-loose sales day when retail balance sheets go from red to black. But between the departures of Whirlpool and top investor Bruce Berkowitz; a 15.3 percent comp-sale decline in Q3; an inextinguishable burn rate; and a sub-$4-a-share stock price, even the Thanksgiving Weekend won’t save Sears, this pundit writes.

“Shares of the ailing retailer slipped to an all-time low this week, falling below $4 as concerns about a potential bankruptcy mount.”

See the full story at Fox Business.


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