Sears Holdings Corporation, formed by the 2005 merger of Kmart and Sears, Roebuck and Co., filed for Chapter 11 bankruptcy protection on October 15, 2018, the same day a 134 million dollar debt payment was due, after twenty-four consecutive quarters of declining sales, closing 142 stores immediately with hundreds more to follow. This description is adapted from Wikipedia contributors under CC BY-SA 4.0; changes were made. https://creativecommons.org/licenses/by-sa/4.0/
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The Sears Holdings 2018 bankruptcy filing, after years of declining sales and debt taken on in its 2005 merger with Kmart, is a finance-practice case study in retail debt restructuring.
Source Wikipedia, Sears Holdings
Source Wikipedia, Sears Holdings
Source Wikipedia, Sears Holdings
Companies Involved
Source Wikipedia, Sears Holdings
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1. Wikipedia, Sears Holdings
WikipediaLead section
It was the parent company of the chain stores Kmart and Sears and was founded after the former purchased the latter in 2005.
- Associated With: Sears Holdings Corporation
- Associated With: Retail Industry, 2018 bankruptcy
- Associated With: Finance
- Companies Involved: Sears Holdings Corporation
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