sears holdings

National
Economy

Sears Will Close 72 More Stores, After Quarterly Sales Drop Nearly 12 Percent

1:34pm May 31, 2018

by Bill Chappell

Sears Holdings Corp., which controls both Sears and Kmart, says it has "identified approximately 100 non-profitable stores." The company has not yet announced which ones will close.

Sears, once the monolith of American retail, says that there is "substantial doubt" that it will be able to keep its doors open. Company shares tumbled more than 12 percent Wednesday. Above, the department store's location in Brooklyn's Flatbush neighborh

National
Economy

Can Sears Survive? Maybe Not, Company Admits In Financial Filings

5:40pm March 22, 2017

by Laurel Wamsley

Shares of the company's stock tumbled 12 percent today after the company acknowledged Tuesday that its future viability is not a sure thing. The company lost $2 billion last year.