Sears' and Kmart's sales increased for the first time in years — but it's probably not going to save the business

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Parent company of Sears, Kmart prepares for possible liquidationNEW: Sears Holdings Corp, the parent of Sears and Kmart, will ask a federal bankruptcy judge in New York whether it can move to liquidation after failing to reach a buyer. Getting emotional over a store shutdown might be the most american thing I have seen Thanks Amazon So sad.
Source: ABC - 🏆 471. / 51 Read more »

Crunch time for Sears: More store closings and a last-minute bid to save companyAs Sears struggles to stay in business, the company has announced an additional round of 80 store closings -- 43 Sears and 37 Kmart stores Such lovely childhood memories of Sears when my father used to bring presents from there during his official trips. And that was a time when India didn't even hear what was organized retail. Every time I see these headlines I think, 'are there seriously ANY KMarts open anymore?' Finding one would be like finding a unicorn Stick a fork in Sears, they’re done.
Source: CNN - 🏆 4. / 95 Read more »