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Retail Nightmare Just Won't End: Sears Crashes On "Going Concern" Warning, Payless To File Bankruptcy In Days
Article By: Tyler Durden
Wednesday, March 22, 2017 10:48 AM EDT
Lately not a day seems to pass without some materially adverse news hitting a prominent retailer, or the broader space, and today it is perennial default candidate Sears to crash at the open after issuing a "going concern" in its latest 10-K.