Why Neither Macy's Nor J.C.Penney Will Be the Next Sears
January 26, 2018 – Media MentionThe Street
If the demise of Sears Holdings Corp. (SHLD - Get Report) is a great American tragedy, then, at a glance, it may seem that the legendary retailer has got at least two understudies waiting in the wings — Macy's Inc. (M - Get Report) and J. C. Penney Company Inc. (JCP - Get Report) .
Bankruptcy expert Brian Davidoff told TheStreet that 2018 is likely the year that Sears will file for Chapter 11. "Sears is at a break point. If there is a [bankruptcy] filing, that filing is likely to occur this year," said Davidoff, head of Greenberg Glusker's Bankruptcy and Financial Restructuring Group, who oversaw the bankruptcy of Bachrach Men's Store in 2017.
To view full article, click here