Sears Holdings Corp (NASDAQ:SHLD) is a home appliance retailer known for its wide range of brands. Some of them include DieHard, Craftsman and Kenmore. This retailer has been suffering bankruptcy for over a long period of time. Uncertainty continues to surround the matter as to whether or not it gets back to its feet again.
The state of affairs
Reports indicate that Sears has moved from one challenge to the next year over year. The closing of one to store to the other has become a common phenomenon. Critics have been up criticizing everything that has been going on.
Alvah C. Roebuck and Richard W. Sears are the big names behind the establishment of Sears. They set it up 132 years ago. It kick started its operations as a company manufacturing a wide range of watches.
Its performance was remarkable in America. No one could tell it could get to a point where matters would change this much. It seems like the glorious days came to an end and doom took over!
The bankruptcy status is nothing to be proud of. All fingers point at the current CEO Edward S. Lampert.
Sources indicate that the official has not been good at decision making. Lampert wasn’t taking the right initiatives to help the company thrive and that is the reason it hit the bottom.
A closer outlook
The stockholders stand to lose the most following the ‘tragedy.’ Even if by chance the company manages to pull itself out of the bankruptcy, matters will remain complex for stockholders. The reason behind this being that the old stock stops trading with immediate effect. In fact, it is all of a sudden rendered worthless through a declaration.
Sears is no longer what it used to be. In the past, it attended to all appliances brought to it in a timely manner. That is no longer the case and there are fears some customers might start seeking services elsewhere.
Sources also reveal there are a number of critical legal issues at play in the retailer’s bankruptcy. Analysts are closely looking into the matter and will soon give reports.