Sears' turnaround timeline is shrinking — and it could be next in line to declare bankruptcy (SHLD)

Time is running out for Sears to turn business around. 
S&P Global Market Intelligence has identified Sears as the most vulnerable public retail company in the US, saying it has a 24% chance of default within a year.
This comes after Sears revealed Friday that it has lost its second chief financial officer in six months, just as it begins talks with lenders over a looming $500 million debt payment.
Sears also said Friday that it's planning to cut more costs