• Sears is shuttering 142 stores with liquidation sales starting immediately - here's the complete list of closing stores

    1 month ago - By Business Insider

    Sears is closing 142 Sears and Kmart stores, with liquidation sales beginning immediately.
    Sears announced the closings on Monday as the company filed for Chapter 11 bankruptcy protection .
    Sears filed for bankruptcy on Monday and announced plans to close 142 stores before the end of the year, with liquidation sales beginning immediately.
    Sears has been closing stores and selling off assets following years of crippling sales declines. The company now operates 687 Sears and Kmart stores, down from nearly 2,000 in 2013.
    Here's the list of stores closing.
    Sears 703 N Berkeley Blvd Goldsboro...
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  • Bankruptcy Protection May Be Sears Last Chance For Survival

    Bankruptcy Protection May Be Sears Last Chance For Survival

    1 month ago - By NPR

    Once a dominant retail chain, Sears has filed for Chapter 11 bankruptcy protection. The company has been struggling for several years, drowning in debt.
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  • What you need to know in advertising today

    What you need to know in advertising today

    1 month ago - By Business Insider

    Sears filed for Chapter 11 bankruptcy early Monday morning after a multiyear battle to stay afloat amid steep declines in sales and customer traffic.
    The company said that it would close 142 stores before the end of the year and that Eddie Lampert would step down as CEO while remaining the company's chairman.
    The more than 125-year-old company, once the most iconic retailer in America, has seen its sales cut in half since 2014. It has been burning through cash, closing hundreds of stores and slashing jobs in an attempt to stanch the bleeding.
    To
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  • Sears files for Chapter 11 amid plunging sales, massive debt

    1 month ago - By Chron

    NEW YORK - Sears filed for Chapter 11 bankruptcy protection Monday, buckling under its massive debt load and staggering losses.
    The question now is whether a smaller version of the company that once towered over the American retail landscape can remain viable or whether the iconic brand will be forced out of business.
    Sears, which started as a mail order catalog in the 1880s, has been on a slow march toward extinction as it lagged far behind its peers and incurred huge losses over the years.
    "This is a company that in the 1950s stood like a colossus over the American retail landscape...
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  • Sears craters after filing for bankruptcy

    Sears craters after filing for bankruptcy

    1 month ago - By Business Insider

    Sears Holdings filed for Chapter 11 bankruptcy early Monday morning
    The iconic American retailer will close 142 stores by year end and Eddie Lampert will step down as CEO but remain chairman.
    Sears was down as much as 25% ahead of the opening bell.
    Watch Sears trade in real time here .
    Sears Holdings shares traded down as much as 25% ahead of Monday's opening bell after the company filed for Chapter 11 bankruptcy early Monday morning. The stock had trimmed its losses, and was down about 12% at 8:24 a.m. ET.
    The iconic American retailer, which has seen sales cut in half since 2014...
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  • Sears files for bankruptcy after years of turmoil

    1 month ago - By Washington Post

    The 125-year-old icon was hit hard as a brick-and-mortar retailer saddled with massive showrooms and has struggled to compete with online rivals.
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  • Sears files for bankruptcy and CEO steps down, with dozens of Georgia stores in limbo

    Sears files for bankruptcy and CEO steps down, with dozens of Georgia stores in limbo

    1 month ago - By Biz Journals

    Sears, which has dozens of Georgia locations, filed for Chapter 11 bankruptcy protection with plans to keep hundreds of stores open for now under a deal reached with its lenders, while the retailer's Chairman Eddie Lampert has stepped down from his post as CEO, effective immediately.
    Illinois-based Sears Holdings Corp. filed for bankruptcy in the U.S. Bankruptcy Court for the Southern District of New York in White Plains early on Monday, local time.
    Sears has agreed to close 142...
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  • The Latest: Sears, inundated by debt, seeks protection

    1 month ago - By Chron

    NEW YORK - The Latest on the filing for bankruptcy protection by the Sears Holding Corp. :
    6:40 a.m.
    Sears is filing for Chapter 11 bankruptcy protection.
    The company, inundated by debt and falling sales, said Monday that it would begin liquidation sales and close another 142 stores before the end of the year. The company that dominated the American retail landscape in the 20th century joins a long list of stores ravaged by changing technology and shopping patterns.
    Some stores have pulled out of bankruptcy court and found some stability, but the future of other longstanding retail...
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  • Sears has confirmed plans to shut down 142 more stores, and will hold massive liquidation sales

    Sears has confirmed plans to shut down 142 more stores, and will hold massive liquidation sales

    1 month ago - By Business Insider

    Sears said Monday that it will close 142 more stores, part of its plans to file for Chapter 11 bankruptcy.
    Massive liquidation sales will start at the stores soon, the company said.
    Sears has closed hundreds of stores already in an effort to stay afloat, including 46 which are due to close next month.
    The company said that all stores will keep operating in the short-term, and that the company will continue trading into the crucial holiday period.
    Sears confirmed plans to shut down 142 more stores as it filed for Chapter 11 bankruptcy on Monday, and says massive liquidation sales will start...
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  • Sears files for bankruptcy as the retail apocalypse continues apace

    1 month ago - By Fast Company

    The once-retail leader plans to close nearly 150 stores.
    It's tough out there for brick-and-mortar stores. We see that today, with news that Sears-the once huge department store leader-is filing for bankruptcy. According to Reuters , the store plans to close 142 stores and reorganize its vast debts.
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