Sears CEO has warned the company to take action before its mounting debt and constraints in cash get out of hand. The retail company has $134 million in debt payments due October 15, according to CEO Eddie Lampert, who controls most of the company's shares through his hedge fund." Sears has been hurting from $11.7 billion in losses since 2010, alongwith a 60% drop in sales during the same period.

Sears Holdings Corporation announced that it wants to shut down another 46 stores. Having already closed more than 100 stores so far this year, the retailer is still reeling from burgeoning losses – something that’s led it towards planning the additional closures.Liquidation sales at some of the stores might start on August 30.

For the quarter ending August 4, J.C. Penney posted losses worse than expected. The department store chain reported a loss of $0.32 per share for the fiscal second quarter, compared to the Wall Street estimate of a $0.05 loss per share.Penney's free cash flow was negative $235 million for the first half of the fiscal year.  

Home Depot rebounds with $30.5 billion worth of sales last quarter – an 8.4% growth from a year ago. This comes after snowy weather apparently dampened the retailer's first-quarter sales.The Q2 sales also edged past the company’s expectations, according to its Chairman and CEO Craig Menear. Given its recent performance, Home Depot seems to still potentially hold its ground against Amazon’s burgeoning clout.