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New doubts about Sears' survival emerge

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Sears Holdings Corp.'s revised internal forecasts are casting new doubts on the company's future.

When it declared bankruptcy Oct. 15, its budget forecast called for $241 million during the week of Christmas and $1.93 billion for the two months ending Jan. 12. That's been updated to $215 million for Christmas week and $1.69 billion for the two months.

“There’s no place in the world for a retailer who can’t produce cash flow during Christmas,” said Noel Hebert, a credit analyst who covers Sears for Bloomberg Intelligence. “It’s very difficult to envision a scenario where liquidation isn’t the end game.”

Read more from Bloomberg.

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