I think things will be mostly uneventful (save for the usual store closings and layoffs/reorgs) until Q4 2018/Q1 2l019. Then $### will really hit the fan.
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There's a rather poignant chart in an article today showing SHLD Q4 revenue for the past 6 years. Its almost a dead straight line (downward of course) and it hits 0 in 2019 if projected forward. Of course somewhere there's a breaking point where it either must level out with a cost structure that supports it or things spiral into bankruptcy. There's absolutely nothing in this annual report to suggest any stabilization of the business, only profits due to continued asset sales and a tax break. =