Stratrix

Company profile

Not an SEC registrant — the context below is drawn from our coverage.

Type
Company
Analyses
1
Angles
Decision Forks

The analyses

The Fall · Decision Forks
Debt That Predated the Internet Killed the Department Store: Sears Owed $11.3B Against $6.9B in Assets
Every great department-store collapse — Sears, JCPenney, Saks — is blamed on Amazon. But the court papers tell a different story: each one was detonated by debt that predated the internet. Sears filed owing $11.3 billion against $6.9 billion in assets. The killer was the balance sheet.
8 min