Sears Officially Files for Bankruptcy
- 6 years ago
Sears Officially Files for Bankruptcy The 132-year-old company has been struggling for several years and is
drowning in debt. Sears says it intends to stay in
business, keeping open stores
that are profitable. As of now, about 700 Sears stores remain open with 68,000 workers. That's down from 1,000 stores with
89,000 employees that it had as
recently as February. Sears says it will close at least
142 stores near the end
of this year. That's in addition to the 46 store closings already planned for next month. In July, Sears closed its last store
in the city of Chicago, once its hometown.
drowning in debt. Sears says it intends to stay in
business, keeping open stores
that are profitable. As of now, about 700 Sears stores remain open with 68,000 workers. That's down from 1,000 stores with
89,000 employees that it had as
recently as February. Sears says it will close at least
142 stores near the end
of this year. That's in addition to the 46 store closings already planned for next month. In July, Sears closed its last store
in the city of Chicago, once its hometown.