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Sears Pretty Much Admits It’s Toast

They finally came right out and said it: In its annual 10-K filing, released yesterday, Sears Holdings acknowledged that “substantial doubt exists” as to its “ability to continue as a going concern.” Good night, nurse!

“Sears Holdings , the holding company for the two iconic retail brands, warned investors late Tuesday that it can’t promise it will stay in business. It included the language in its annual report while insisting it might still turn things around.”

Read More at CNN Money