• Sears shares dive after bankruptcy reports

    7 monthes ago - By Reuters

    Sears shares plunged after sources said the company is preparing to file for bankruptcy as early as Friday. Fred Katayama reports.
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  • Decaying stores, plunging sales, and a remote CEO: How Sears was driven to the edge of bankruptcy

    7 monthes ago - By Business Insider

    Sears , once America's most iconic retailer, is reportedly on the verge of filing for bankruptcy .
    Sears CEO Eddie Lampert has blamed the company's decline on the media , shifts in consumer spending , and the rise of e-commerce, among other reasons.
    But analysts and critics say the company's demise is the result of years of under-investments in stores.
    Some stores have shown signs of decay , such as crumbling walls, cracked floors, and collapsing ceilings. Sears employees have hung bed sheets and shower curtains to hide empty store space.
    Sears has survived two world wars and the Great...
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  • Sears Has Only Itself to Blame for Its Decline

    7 monthes ago - By Fortune

    The Wall Street Journal report published late Tuesday saying Sears Holdings shld has hired advisers ahead of a potential Chapter 11 bankruptcy filing this week came as a surprise to no one following the retail industry even remotely closely.
    The company, a debt-laden retail Frankenstein begat from the ill-advised merger of Kmart and Sears engineered in 2004 by former hedge fund king Eddie Lampert, has been withering for years, unable to find a place for itself in retail's new world or help itself by investing in its stores and merchandise.
    Sears, which has $134 million in debt coming due...
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  • Sears prepares to file for bankruptcy in coming days: sources

    7 monthes ago - By Reuters

    Sears Holdings Corp is preparing to file for Chapter 11 bankruptcy protection in the coming days following years of declining sales, sources said on Wednesday, casting doubt over the survival of what was once the world's largest retailer.
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