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Sears is closing another 142 stores. Here’s a map of the locations it has left

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As the retailer’s real estate has dwindled, so has analysts’ confidence the company can stay afloat. Sears has lost more than $11 billion since 2011 (its last profitable year was 2010) and within just the past two years has shut more than 700 stores.

Along with its bankruptcy filing, the company said Monday that Chairman Eddie Lampert’s hedge fund, ESL Investments, is now in talks to buy “a large portion of the company’s store base,” while other assets are expected to be put up for sale in the next few months. Lampert had served as CEO of Sears for the past five years until Monday, when he resigned from the role effective immediately as part of the retailer’s restructuring plan.

“Over the longer term it is still unclear what Sears hopes to accomplish,” GlobalData Retail Managing Director Neil Saunders said. “In our view, there is no clear path to success. The group has tried to shrink its way to profitability for years to no avail, so it is hard to see why pursuing the same strategy under the auspice of Chapter 11 would result in a different outcome. Further asset sales may reduce debt, but they would not put the company on a sound financial footing nor would they solve the operating losses the group is racking up.”

—Reporting by CNBC’s Lauren Hirsch and Lauren Thomas. Data visualization by CNBC’s John Schoen. Data on Sears locations was provided by AggData.com, a business location data service that specializes in retail locations.



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