Corporate Events
Sears Holdings Bankruptcy
Also Known As Sears Chapter 11 filing
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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.
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1. Wikipedia, Sears Holdings
Wikipedia2018 bankruptcyQuote, 2018 bankruptcy
The company filed for Chapter 11 bankruptcy protection on October 15, 2018, in New York, the same day that a $134 million debt payment was due, and will close 142 stores, including 63 Kmart stores and 79 Sears stores.
1. Wikipedia, Sears Holdings
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