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Sometimes, though, down-and-out businesses stay that way, or manage to fall even further.
The five companies below have struggled for years to turn around their operations and, for whatever reason, have failed to get themselves back on the right track.
Wall Street analysts expect the red ink to continue for the foreseeable future.
Lampert, who became Sears CEO this year, is trying to unload any assets not nailed to the floor as the company's cash begins to dwindle.
He could also play "find the white knight," but that's a dangerous game, too. Penney may have overshadowed those at Sears, but sales have fallen at the Hoffman Estates, Ill., company for 27 straight quarters.
Stewart's best hope is to sell the company but given the trouble she has caused it's hard to imagine who would buy MSO.
It was acquired in 2011 by a group of investors including Panasonic and singer/actor Justin Timberlake.
The investors acquired the site from Rupert Murdoch's News Corp., now 21st Century Fox, for million. had famously bought the company six years earlier, for 0 million.
As he continues to lose control over Sears, pressure will mount on Lampert to either take the venerable retailer private or sell it to someone else. The company has seen its market capitalization shrink by 98 percent.
Radio Shack Ever since he became CEO earlier this year, Joe Magnacca has vowed to "transform" the business. Radio Shack has been struggling to keep pace with technology and stave off fiscal oblivion for years. It now has a value of 0.4 million, which is tiny for a national retail chain.