Last month, Sears Holdings (NASDAQ: SHLD) made waves by notifying investors in its annual report that it might not be able to continue indefinitely as a “going concern” due to its long history of losses.
Sears’ announcement was particularly momentous because of the company’s history as an icon of American retail. Yet it isn’t the only department store facing a serious risk of bankruptcy. Bon-Ton Stores (NASDAQ: BONT) is another storied department store company that might not be able to survive much longer.