Sears files for Bankruptcy Protection – Cloudy Picture for the Future

Sears
Sears

Sears Holidays filed for Chapter 11 Bankruptcy Protection on Monday, Oct. 15th.

Future filings will reveal more information regarding the plans of Sears moving forward.

Before filing on Monday, Sears had announced another 46 of its underperforming Sears and K-Mart Stores would be closing. With the filing Sears says it will close another 142 unprofitable stores.

 

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