Latest Sears Holdings Corp News

Sears' bankruptcy will have ripple effect, not all of it bad

Oct. 16, 2018 6:18 PM EDT

NEW YORK (AP) — Sears' Chapter 11 bankruptcy filing will have ripple effects on everything from landlords to suppliers to workers. Many vendors, which had already enforced stricter payment terms on Sears, are refusing to ship merchandise to stores. The company will further shrink its workforce, which has...

Q&A: What shoppers need to know about Sears' bankruptcy

Oct. 16, 2018 12:53 AM EDT

NEW YORK (AP) — Sears, once the nation's largest retailer, filed for Chapter 11 bankruptcy protection Monday, hurt by falling sales and its massive debt. The owner of Sears and Kmart stores says it will continue to operate through the bankruptcy. Here's what shoppers need to know: ___ WILL STORES BE OPEN?...

The Amazon of its day, Sears' woes were years in the making

Oct. 16, 2018 12:06 AM EDT

Before there was Amazon — or, for that matter, Home Depot or Walmart or Kmart — there was Sears. From its beginnings as a mail-order watch business in Minneapolis 132 years ago, the company grew to become America's everything-under-one-roof store and the biggest retailer in the world. For...

Girdles and socket wrenches: Sears was the Amazon of its day

Oct. 15, 2018 5:16 PM EDT

Before there was Amazon — or, for that matter, Home Depot or Walmart or Kmart — there was Sears. From its beginnings as a mail-order watch business in Minneapolis 132 years ago, the company grew to become America's everything-under-one-roof store and the biggest retailer in the world. For...

Q&A: What shoppers need to know about Sears' bankruptcy

Oct. 15, 2018 4:56 PM EDT

NEW YORK (AP) — Sears, once the nation's largest retailer, filed for Chapter 11 bankruptcy protection Monday, hurt by falling sales and its massive debt. The owner of Sears and Kmart stores says it will continue to operate through the bankruptcy. Here's what shoppers need to know: ___ WILL STORES BE OPEN?...

The Latest: Whirlpool brushes off Sears bankruptcy

Oct. 15, 2018 1:59 PM EDT

NEW YORK (AP) — The Latest on the filing for bankruptcy protection by the Sears Holding Corp. (all times local): 1:15 p.m. Appliance maker Whirlpool says that it expects a "very limited impact" to its business from Sears' descent into bankruptcy protection. The company, known for refrigerators, washing...

Sears files for Chapter 11 amid plunging sales, massive debt

Oct. 15, 2018 1:43 PM EDT

NEW YORK (AP) — Sears filed for Chapter 11 bankruptcy protection Monday, with plans to shutter 142 unprofitable stores in the hopes that it can stay in business. The question now is whether a smaller version of the company that once towered over the American retail landscape can be viable. Sears, which...

10 Things to Know for Today

Oct. 15, 2018 6:32 AM EDT

Your daily look at late-breaking news, upcoming events and the stories that will be talked about today: 1. TURKEY, SAUDIS TO JOINTLY INSPECT CONSULATE Turkey's government says an "inspection" of the Saudi Consulate will take place, two weeks after Washington Post columnist Jamal Khashoggi vanished. 2. TRUMP TO...

Sears through the years: From watch seller to tower builder

Oct. 15, 2018 6:01 AM EDT

NEW YORK (AP) — Sears got its start as a watch seller more than 130 years ago and grew to become one of the world's largest retailers. But the company has struggled in recent years and on Monday filed for Chapter 11 bankruptcy. A look at the company through the years: 1886 — Richard Sears starts the...

With few seeing second act for Sears, company shares routed

Oct. 11, 2018 9:07 AM EDT

NEW YORK (AP) — Sears is being pummeled before the opening bell on a report that banks are pushing the 130-year-old retailer to liquidate. The report Thursday in The Wall Street Journal comes one day after stock in Sears Holdings Corp. tumbled 30 percent. Shares, which have fallen 86 percent this year,...