Sears is on its death bed and Lampert is about out of tricks to keep the corpse breathing while he continues to feast on its living corpse for his own personal benefit.
At this point, I think both a bankruptcy filing and a full shutdown of operations are imminent in the upcoming weeks, perhaps as soon as any day now.
It will be a sad day when it dies. Unfortunately, bad management in the 1990’s and 2000’s prevented Sears from adapting quickly enough to new realities and then Lampert came in to essentially ride what remained of Sears into the ground.
It didn’t have to be this way. While Sears was always going to lose ground to online retailers, better management could likely have transformed Sears into a viable entity going forward.