In Sears' case, Bloomberg's report added to investor concerns about the future of the iconic retailer, which analysts and other industry insiders have said would be better off liquidating. The embattled department store lost $573 million in the most recent quarter; that's on top of a $402 million first-quarter loss and a 2013 loss of $930 million.
Read More'This is the end' for Sears: Credit Suisse
Analysts, in particular, have called out the retailer's deteriorating store base and dwindling profit margins, the latter of which are tied, in part, to the costs of its loyalty program.
"The costs of Shop Your Way points compounded with traditional promotional discounts, giving rise to double promotional costs, have led to compressed gross margins," Standard & Poor's said in a note Tuesday.
Following the Bloomberg report, Sears spokesman Howard Riefs issued a statement saying that "Sears Holdings has significant financial flexibility to execute our transformation and meet our obligations." He also emphasized that "providers of insurance have never had to pay a claim to a vendor tied to [its] business."
"Together with proceeds from the Sears Canada rights offering [up to $380 million, of which we expect at least $168 million by Oct. 20, 2014], the $500 million dividend Sears Holdings received in connection with the Lands' End spinoff, the $165 million in proceeds of certain real-estate transactions and the $400 million short-term loan the company recently completed, SHC will have generated up to $1.445 billion in liquidity in fiscal 2014," Riefs said.
"We also have no significant term debt maturities until late in 2018, we also have a vast real-estate portfolio, which is substantially unencumbered and whose 'accounting value' is reflected on our financial statements at about $5 billion, not to mention about $6.5 billion in inventory, much of which is already paid for."