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Sears On The Ropes In Cash Crisis
- USA Today, Thursday, March 23, 2017 8 AM
Sears' warning that it was uncertain it would still be in business a year from now sent its stock price plunging Wednesday and offered a grim reminder of how far the iconic department store chain has fallen. The company warned that it faces "substantial doubt" about its ability to stay in business unless it can borrow more and tap cash from more of its assets.
