3 Reasons Why Sears’ Latest Deals to Raise Money Still Won't Save It

Execs at Sears Holding Corporation may have bought the struggling retailer some time with their latest cash injection, but the long-term outlook for Sears and Kmart remains far from certain thanks to transformative initiatives under way at some of its top rivals. On Wednesday, Sears announced two transactions that together will raise about $2.6 billion in cash by mid-year. The news temporarily alleviated concerns among investors that the troubled department store retailer would lose access to high-quality inventory for the holiday season as vendors feared delayed payment.