Sears Files For Bankruptcy; Will Close More Than 180 StoresFacing massive debt and declining sales, Sears has filed for bankruptcy protection, and will be closing more than 180 stores by the end of the year.
Sears' Bankruptcy Appears ImminentSears Holdings (SHLD), the parent company of Sears and Kmart, faces a Monday deadline to pay that much in debt.
Facing Deadline For $134 Million In Debt, Sears Likely To File For BankruptcyAll signs point to a bankruptcy filing in the next few days. Sears' stock has fallen more than 50% in the last five days to around 35 cents a share.
With Few Seeing Second Act For Sears, Company Shares RoutedSears is based in Hoffman Estates and still employs 89,000 people.
Sears Might Be Days Away From Filing For BankruptcyOne of Sears' major shareholders just dumped a chunk of his stock for pennies on his original investment.
Sears Is Now A Penny StockThe share price fell below $1 on Friday for the first time in the company's history, dropping as much as 15% to 85 cents in midday trading.
Sears Closing Another 46 Unprofitable Stores In NovemberAs of May, the retailer had about 800 stores, down from about 1,000 at the end of last year and far below the 2012 peak of 4,000 stores.
More Sears Store Closings On The Way"I never thought I'd see something like this happen. I mean they're such a part of America."
3 Chicago Area Sears Stores Among 63 To Close NationwideOn the heels of a $424 million loss in the first quarter of 2018, Sears has announced it is closing 63 Sears and Kmart stores nationwide.
Sears Is Closing 72 More StoresThe company closed a total of nearly 400 stores during the past 12 months, and now has a total of 894 left, including the 72 slated for closure.
Buy Tires On Amazon, Install Them At SearsSears said Wednesday that Amazon shoppers can now ship tires to 47 Sears Auto Centers in eight cities, including Chicago, Dallas and New York.
Sears Shuts Down Six Corners ShopSears has been at the apex of Milwaukee, Cicero and Irving Park Roads for 80 years.
Sears Closing Last Chicago StoreIn a few months, the last Sears store in Chicago will be no more.
Sears, Delta Customers Affected By Data BreachA third-party data breach that occurred last fall affected Sears and Delta customers and involved unauthorized access to customers' payment cards, according to company statements.
Against All Odds: Sears Posts A Small ProfitThe company posted its first quarterly operating profit in three years on Wednesday, and announced that it landed new financing that will help it stay afloat.