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Sears Holdings, as it currently stands, still has assets and it can forestall its death, but that end still seems to be just a question of time.

Lampert has insisted that closing stores and building out Shop Your Way offers his company a future, but nothing in Sears' financials suggest that to be true.

This money, which is actually just a promise of funds designed to convince vendors to keep supplying the company, represents only a small piece of what Sears Holdings needs to make it through the year.

The chain must raise about

Sears Holdings, as it currently stands, still has assets and it can forestall its death, but that end still seems to be just a question of time.Lampert has insisted that closing stores and building out Shop Your Way offers his company a future, but nothing in Sears' financials suggest that to be true.This money, which is actually just a promise of funds designed to convince vendors to keep supplying the company, represents only a small piece of what Sears Holdings needs to make it through the year.The chain must raise about $1.5 billion to make it though 2017 comfortably, according to Moody's Analyst Christina Boni, as reported by Bloomberg.More than 750 leases on Sears and Kmart stores expire in the next five years. Susan Romero remembers how she welled with pride when her family bought its first washer and dryer in 1968. "My whole kitchen, my whole house was furnished by Sears," said Romero, 74, who has shopped at the retailer for 50 years.

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Sears Holdings, as it currently stands, still has assets and it can forestall its death, but that end still seems to be just a question of time.

Lampert has insisted that closing stores and building out Shop Your Way offers his company a future, but nothing in Sears' financials suggest that to be true.

This money, which is actually just a promise of funds designed to convince vendors to keep supplying the company, represents only a small piece of what Sears Holdings needs to make it through the year.

The chain must raise about $1.5 billion to make it though 2017 comfortably, according to Moody's Analyst Christina Boni, as reported by Bloomberg.

.5 billion to make it though 2017 comfortably, according to Moody's Analyst Christina Boni, as reported by Bloomberg.

Some of that comes from the chain having fewer Sears and Kmart stores open; having fewer locations did not boost the remaining ones.Liquidation sales for the department store chain will begin Jan. Sears opened at the Town Center in 1983, when the mall first opened, and serves nearly 100,000 customers annually, according to the Sears web page for that location.Riefs said store associates that are eligible will receive severance and have the opportunity to apply for open positions at area Sears or Kmart stores.The money is coming from affiliates of ESL Investments Inc.-- a firm run by Lampert, which is providing funding through Citigroup. It was the first mechanically ventilated underwater vehicular tunnel, and it was also the first Hudson River crossing in New York City. Old Photo - New York City 1927 - On November 13, the Holland Tunnel opened to traffic."As Sears Holdings has consistently shown, we will take actions to adjust our capital structure, generate liquidity and manage our business to enable us to execute on our transformation while meeting all of our financial obligations," stated Jason M. "This new standby letter of credit facility further demonstrates that Sears Holdings has numerous options to finance our business strategy." Sears reported dismal results for its most recent quarter, with its loss widening to 8 million from 4 million in the year-ago period. The Sears Auto Center will also be closing as part of the move."We have been strategically and aggressively evaluating our store space and productivity, and will be accelerating the closing of unprofitable stores as we have previously announced," Riefs said in a statement.CEO Eddie Lampert, whose hedge fund loaned the company 0 million in August, has pushed the idea that the company can stabilize by closing unprofitable stores and focusing on its Shop Your Way digital platform.But little has happened to show that Lampert's vision will come true.Daniel Kline has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. has received another lifeline courtesy of CEO Eddie Lampert.The struggling retailer said it has received loan, called a secured letter of credit, for 0 million, with an option to expand the amount to as much as 0 million with the consent of lenders. Off Topic - OT - posts are allowed but should still be hobby related.The company has staved off death by borrowing money, but how long can that last? 28 at .18 and rallied on the news of the new line of available borrowing to close the next day at , a 10% gain. The company posted a loss of 8 million in its fiscal third quarter this year, up from a 4 million loss in Q3 2015.




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