News about sears today

Here are some recent news updates about Sears:

Sears Files for Bankruptcy Protection (October 2018)

Sears Holdings Corporation, the parent company of Sears and Kmart, filed for Chapter 11 bankruptcy protection in the United States. The company announced that it would close 142 unprofitable stores and sell its iconic Craftsman brand to Stanley Black & Decker.

Sears Emerges from Bankruptcy (February 2020)

After a year of restructuring, Sears emerged from bankruptcy protection and was reorganized as a smaller, more focused company. The company closed hundreds of stores and reduced its debt, but still operates around 400 stores across the United States.

Sears Closes More Stores (2020-2022)

Despite emerging from bankruptcy, Sears continued to struggle and closed hundreds more stores in 2020 and 2021. The company cited declining sales and increased competition from online retailers like Amazon.

Sears Partners with Amazon (2020)

In an effort to stay competitive, Sears partnered with Amazon to offer its products on the e-commerce giant's platform. The partnership allows Sears to reach a wider audience and compete with other online retailers.

Sears Lays Off Thousands of Employees (2020)

As part of its restructuring efforts, Sears laid off thousands of employees across the United States. The company cited the need to reduce costs and streamline its operations.

Sears Sells Off Assets (2022)

In an effort to raise capital, Sears sold off several of its assets, including its iconic DieHard brand and its stake in the Sears Canada business. The company also sold off its headquarters building in Hoffman Estates, Illinois.

Sears Continues to Struggle (2022)

Despite its efforts to restructure and stay competitive, Sears continues to struggle. The company has reported significant losses in recent quarters and has been forced to close even more stores.

Overall, Sears has faced significant challenges in recent years, including increased competition from online retailers, declining sales, and a large debt burden. While the company has made efforts to restructure and stay competitive, it continues to face significant challenges and uncertainty about its future.