Tuesday night, the Wall Street Journal reported Sears Holdings (the parent company of Sears and K-Mart) has hired a firm to being bankruptcy proceedings. The report, which came after the markets closed on Wall Street, says Sears has hired M-III Partners to prepare the move, which could come as early …
According to CNN Money News, The Wall Street Journal and other financial experts, the future of retail giant SEARS is very much in doubt. Not just closing another round of stores, but the entire chain going the way of Sports Authority and Radio Shack.
There are very few things in this life worth going to prison for -- getting caught stealing a bunch of fancy underpants and then hissing and spitting like a wild-eyed alley cat in a desperate attempt to claw your way out of trouble definitely falls into that category.
In the past couple of years, some consumers have opted to skip using their credit cards in favor of putting things like school clothes or holiday gifts on layaway. Now retail giant Sears is offering something else you can put on layaway: vacations.
If you’re a regular shopper at Kmart or Sears, you may soon have fewer places to spend your money — parent company Sears Holdings has said that in light of decreased holiday sales, it’ll close at least 100 stores in the coming months.