HOFFMAN ESTATES, Ill. — Sears Holdings Corp., the corporate parent of two storied firms that once ranked as the nation’s two largest retailers, announced Monday morning that it had filed for Chapter 11 bankruptcy. The company’s reorganization plan calls for the closure of 142 additional Sears and Kmart stores, in addition to the previously announced
HOFFMAN ESTATES, Ill. — Sears Holdings Corp. has announced plans to close 150 nonprofitable Kmart and Sears stores and sell its Craftsman tools brand. The moves are part of a strategic plan to stem losses and strengthen the struggling retailer’s financial prospects. The company has also arranged new financing, in the form of a new $500
HOFFMAN ESTATES, Ill. — A round of store closings announced by struggling Sears Holdings Corp. will include 68 Kmart locations. Sears Holdings said late Thursday that it plans to shut 78 stores in 27 states, including 10 Sears stores. All of the Sears stores and virtually all of the Kmart stores will close in late
