Sears
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The new corporation became known as Sears Holdings Corporation, simply known as Sears Holdings. The new corporation announced that it would continue to operate stores under both the Sears and Kmart brands.
Mar 3, 2024 · Sears Holdings, the parent company of Sears and Kmart, filed for Chapter 11 bankruptcy in 2018 after decades of decline and competition. Learn about the history, causes, and consequences of the downfall of one of the most iconic American retailers.
Sears Holdings is a retailer with physical and intangible assets, operating Kmart and Sears stores and websites. Read the company overview, stats, industry, CEO, employees, and related articles on Forbes.
In 2005, the company was bought by the management of the American big box discount chain Kmart, which upon completion of the merger, formed Sears Holdings. Through the 1980s, Sears was the largest retailer in the United States. In 2018, it was the 31st-largest.
Aug 11, 2022 · Sears Holdings and its creditors have reached a $175 million deal with former CEO Eddie Lampert and other investors over allegations of asset stripping and self-dealing. The settlement could end years of litigation and pave the way for Sears Holdings to exit bankruptcy.
Get the latest information on Sears Holdings Corp (SHLDQ), a retail company that operates Kmart and Sears stores. See bid/ask, market cap, earnings, dividends, and more.
Sep 1, 2022 · A federal bankruptcy judge approved a deal that resolves years of litigation between Sears Holdings and former CEO Eddie Lampert and other defendants. The settlement, to be paid by insurers, clears the way for Sears Holdings to exit Chapter 11 after four years.
