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Sears' (SHLD -2%) debt moves another notch deeper into junk as Fitch downgrades to B from B+,...

Sears' (SHLD -2%) debt moves another notch deeper into junk as Fitch downgrades to B from B+, citing concerns over the sharp decline in profitability, and an inability to turn operations around. Both Sears and Kmart stores continue to lose market share to their peers.
Comments (1)
  • Mad_Max_A_Million
    , contributor
    Comments (1175) | Send Message
     
    Anecdotal comment:
    Refrigerator goes bad. Freezer is thawing out. Run down to Sears. Find a great unit on sale. Need it delivered NOW. Sears says "Next Monday is the best we can do".
    Run over to Lowes. Find a great unit at a fair price. Say we need it delivered now. Their answer: Will first thing tomorrow about do it? Sold!
    21 Jun 2011, 03:49 PM Reply Like
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