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Sears arranges financing for a potential bankruptcy filing after 125 years in business

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After 125 years in business, Sears has contacted banks to arrange the financing necessary to file for bankruptcy.

 

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This is one of the saddest stories in American Business. This was criminal mismanagement.

Do people even go there? I don’t think I’ve even been in a Sears before to be honest

Sad but necessary.

Pour me one for: Hollywood Video, Blockbuster, Toys R Us and now Sears.

The worst thing about this is that when my sears closes, I can't enter the store to get to the mall food court. I now have to use the main door entrance and walk an extra 30 steps. Damn you Amazon.

First ToysRUs and now Sears. God, the era of physical stores is coming to an end. I miss being able to buy things without having to wait multiple days.

Use your rewards fast!

Bezos strikes again

Wow.... sad

ARE YOU SERIOUS? I just got hired there yesterday😂😂😂

Sears is still a thing? I haven’t seen a Sears in years.

Ha ha

I've worked for Sears for 38 years,started in 1979 & it was a great time the time it was a fun time,but with each NEW CEO it made it that much harder & this NEW one to me was the one that has brought the most powerful deptment store in history to it's knees.😪

Amazing. You get financing to go bankrupt?

nana4MANY The end of an era. Sears

But Trumpenomics will save us!!! MAGA

I forgot all about Sears.

Havent they been threatening to close for forever now? Just go already. Sears used to be the place for appliances and electronics. Then they added Sephora to attract shoppers. GameOver now.

IS EVERYTHING CLOSEING!?!?!?!?!?!?!?!?

Ceo was incredibly stupid, managed via webcam, stubborn as hell. Worst candidate for the turnaround

JonScottsdale decades of Montgomery Wards, KMart, Sears Roebuck. Target & then Walmart before Red China took over /This lazy generation will never know anything but online products SAD I like to use all my senses to decide on purchases & support local businesses not Mega marts or Amazons

Where will I get my kenmore appliances from now?

About 10 years late, but the inevitable has occurred

Wow!!! That's Huge

Ohhh ... 'things' R happening 😟

They've been dying for years. And you watch, McDonald's is next.

SAD They've been hurting for decades

does that include Kmart?

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Sears was 'toast' ever since its 2005 Kmart merger, says former Sears Canada CEOSears may have just filed for bankruptcy, but the giant retailer 'was toast about a day after it closed' its merger with Kmart back in 2005, says former Sears Canada CEO. before that, even. accurate He may have a slight point there but the bottom line is since then the leadership and management has been abysmal and Canadian employees are not going to be receiving a pension it appears The executives received large payouts
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