Megan McArdle, Columnist

Sears Eats Its Seed Corn

Sears Holding Corp's lackluster future just started looking worse.
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The Wall Street Journal reported that Sears Holdings Corp. has been selling off some of its most profitable locations to raise cash:

As the Journal noted, this is hardly crippling. It's also not a good sign. When a company starts liquidating its most profitable assets to raise cash, you have to wonder about the future.