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How bankrupt Sears dug its own grave

October 15, 2018 Robert Harrington

Break out the headstone for the once-healthy retailer known as Sears Roebuck & Company.

The 125-year old former retail icon filed for Chapter 11 bankruptcy protection early Monday, crippled from years of losses and mounting debt. Sears (SHLD) plans to close about 142 money-losing stores by year-end. The company operates about 700 Sears and Kmart stores. READ MORE

← CNBC unveils its annual list of 100 promising start-ups to watchSears aims to close up to 150 stores in bankruptcy →
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