• Many U.S. mall owners say good riddance to Sears

    1 month ago - By Reuters

    The real estate investment trusts that own the malls and shopping centers where many Sears stores are anchor tenants have waited years for the retailer's demise to renovate the sites and boost rent, although redevelopment costs may strain some plans.
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  • Sears' clearance sales will likely be full of steep discounts, but one key uncertainty could keep shoppers from biting

    1 month ago - By Chron

    AP Photo/Paul Sakuma
    Sears has filed for bankruptcy and said it is closing 142 stores before the end of the year.
    GlobalData Retail's Neil Saunders says it is wise for these stores to stay open for the holiday shopping season in order to clear out inventory, but he warns that customers may be turned off of the deals because of the uncertainty around warranties.
    Sears has long been a top seller of appliances in the United States, and many of those items come with warranties.
    Sears has filed for Chapter 11 bankruptcy protection and announced it will close 142 stores. These stores will close...
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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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  • Trump slams Sears leadership after bankruptcy filing, saying the company was 'obviously improperly run for many years'

    Trump slams Sears leadership after bankruptcy filing, saying the company was 'obviously improperly run for many years'

    1 month ago - By Business Insider

    President Donald Trump is mourning the death of Sears as it files for bankruptcy, calling the company's downward spiral "very very sad."
    "Sears has been dying for many years," Trump told reporters on Monday. "It's been obviously improperly run for many years. And it's a shame."
    Sears filed for bankruptcy early Monday morning and announced plans to close 142 stores before the end of the year.
    President Donald Trump is mourning the death of Sears.
    "Sears has been dying for many years," Trump told reporters on Monday morning. "It's been obviously improperly run for many years. And it's a...
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