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Sears nears tears

22 Mar 2017 By Jennifer Saba, Richard Beales

The troubled U.S. retailer warned it could be headed for bankruptcy after a 12 pct decline in sales and more losses. The hedge-fund boss’s long quest – and drip feed of credit – to turn Sears around looks destined to fail, but along the way he has hedged some of his bets.

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