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Edward Lampert wearing a suit and tie© Reuters

Sears has survived two world wars and the Nice Despair. However after a little greater than a decade below the management of a former Goldman Sachs government turned hedge fund supervisor, the 125-year-old retailer is imploding.

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Gross sales have fallen by half since 2014, and the corporate is burning by means of money, closing lots of of shops, and slashing jobs in an try to stanch the bleeding. Now, simply days earlier than a $134 million debt compensation deadline, the corporate is reportedly …

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