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This Black Friday could very likely be the start of the final holiday shopping season for Sears and Kmart, two brands that once proudly dominated the US retail landscape.
Is There Any Life Left In Sears? Department Store Struggles Continue 12/30/20 AT 7:48 AM Sears may be the next retailer to fall to the wayside as shopping malls fall out of fashion with consumers amid the coronavirus pandemic. Sears and Kmart filed for bankruptcy in October 2018 and were able to stave off another bankruptcy filing during the pandemic as sales lagged and foot traffic waned. But now the retailer is facing a new series of financial troubles. The company sold off its DieHard battery brand for $200 million to Advance Auto Parts in 2019 and its Craftsman tool brand in 2017 to ...
Sears is dying a quiet, invisible death CNN 12/30/2020 By Chris Isidore, CNN Business © Jeff Kowalsky/AFP/Getty Images A Sears store that is going out of business in Livonia, Michigan on March 26, 2020. (Photo by JEFF KOWALSKY / AFP) (Photo by JEFF KOWALSKY/AFP via Getty Images) Sears has made it through another holiday shopping season. Just barely. Popular Searches Once the nation's leading retailer up through the 1980s, the company that now owns the Sears and Kmart chains emerged from bankruptcy less than two years ago. It avoided another trip to bankruptcy court this y...