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Once again, Sears has made history. For the first time, Sears has opened the doors to its vast archival collection and invited the public to peek inside. More than 100 years of history now available online. Sears has a rich, long history to tell dating back to 1886 when Richard Sears sold the first batch of watches. The milestones, introductions and stories fill volumes.
Still, Fitch concludes Sears won't have enough cash to make it past 2016. Fitch estimates the retail chain will burn $2 billion or more in cash annually between 2014 and 2016, for a total of $6 billion.