American Retail Giant Sears Files for Bankruptcy Sears, the American retail Goliath has filed for Chapter 11 bankruptcy protection, succumbing to massive debt pressure and astounding losses. There was a time not so long back when Sears ruled the American retail landscape. But the big lingering question is whether the shriveled version of itself can be feasible or will it be forced to go out of business, concluding the last chapter for an iconic name that emerged more than a century ago. Sears Holdings will also close 142 lossmaking stores…
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