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Sears forecasts that cash flows for the quarter that will end this month will be less than half what they were in the year-earlier period. With the retailer’s financial situation deteriorating, one lender, the CIT Group, has stopped making cash advances to Sears’s suppliers.

Sears Chairman Buys Shares, but His Reason Is Unclear - NYTimes.com

It’s not just banks which run into liquidity problems.

Source: The New York Times

  • 4 months ago
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