• The Rise and Fall of Sears: A Timeline From Its Founding to Its Bankruptcy

    1 month ago - By Fortune

    Sears Holdings Corp. filed for bankruptcy court protection Monday, a grim development for a company with an illustrious, 132-year history in American business. While recent generations have abandoned or entirely avoided Sears stores, the company was an early innovator in U.S. retail, a godsend to heartland shoppers a century ago, and arguably a more dominant force in the retail industry than Amazon is today.
    Here is a look back at the timeline of Sears' dramatic rise and fall.
    1866: Richard Sears, entrepreneurial station agent
    Portrait of businessman Richard W. Sears, founder of the...
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  • Bankruptcy judge approves financing to keep Sears open

    Bankruptcy judge approves financing to keep Sears open

    1 month ago - By Reuters

    A bankruptcy judge on Monday approved $300 million in financing to keep department store chain Sears Holdings Corp open through the holiday season, giving the century-old retailer that once dominated U.S. shopping malls a chance to remain in business.
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