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MAY 24, 2013 - Investors Business Daily

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Can Iconic Retailers Sears, Kmart Be Saved?

Sears Holdings (SHLD) has been shedding assets and plans to keep on doing so to raise money, but will what's left be enough for management to right the sinking ship? That's a question investors and others are asking as its shares plunged Friday in the wake of its huge first-quarter loss reported late Thursday. In late afternoon trading, Sears shares were down 14%. Morningstar analyst Paul Swinand says the problem is with "the whole retail

Tags: Can Iconic Retailers Sears, Kmart Be Saved?,  Kmart Latest News