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Sears Holdings, which also operates franchises your mom used to shop at like Kmart and Lands’ End, has been in a "death spiral" for some time now, a classic victim of disruption, first from big-box discounters like Wal-Mart and then from the web. Sears’ most recent and representative quarterly report last week showed declining margin rates, net losses of $279 million and a financial performance the company's CEO called "unacceptable."
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- People:
- Hail Mary
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