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Sears Lands a $100 Million Lifeline

TheMotleyFool

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Investing in Sears (OTC: SHLDQ) seems a bit like reserving a suite on a cruise ship that's both sinking and infected with coronavirus. It's possible the ship might solve one of the problems but the combination of disasters makes a full recovery unlikely.

The once-proud retailer has survived bankruptcy and downsizing from thousands to under 200 stores. Getting smaller has not resulted in a return to fiscal health and the company has resorted to taking a $100 million from hedge fund Brigade Capital Management LP, Reuters reported.

Sears now has fewer than 200 stores. Image source: Sears.

Source Fool.com

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