Sears Holdings (SHLD) continues to fall apart after years of mismanagement.
And now the situation is becoming increasingly dire just weeks before the start of the crucial holiday shopping season. On Monday, Eddie Lampert's ESL Investments -- which effectively controls Sears -- put heat on Sears to sell more real estate to cut some $1.1 billion in debt.
With Sears burning through $1 billion in cash in the first half of 2018 amid awful sales at both Sears and Kmart, the latest filing shed light on the retailer's precarious financial footing.
Check out TheStreet's analysis of Sears second quarter results. The picture becomes even clearer.