"I am amazed that any vendor would ship anything on terms instead of cash. At some point SHLD is going to have to file and there is a good chance that vendor invoices, all of which would be unsecured liabilities, would get zero. "
Agree. Interesting subject. In my own field (I don't practice law now) I've seen vendors hang with troubled customers and suffer the consequences. But I've also seen troubled retailers hang on for years...decades. I think Radio Shack had many vendors that sold them almost exclusively. That's probably true with Sears. Most Sears vendors are using this time to find alternative customers. Not an easy job with such a large customer or in these times: retailing is dying. But Sears has been declining for decades.
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