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Decaying stores, plunging sales, and a remote CEO: How Sears was driven to the edge of bankruptcy

Business Insider
Decaying stores, plunging sales, and a remote CEO: How Sears was driven to the edge of bankruptcy

Sears has survived two world wars and the Great Depression. But after a little more than a decade under the control of a former Goldman Sachs executive turned hedge fund manager, the 125-year-old retailer is imploding. Sales have fallen by half since 2014, and the company is burning through cash, closing