1. Chapter 11 Bankruptcy

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    11. Sears is Teetering on the Edge of Bankruptcy and Kmart Could be its First Casualty

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      Sears is Teetering on the Edge of Bankruptcy and Kmart Could be its First Casualty
      Sears' sales are down 45% since early 2013, its debt load has spiked to over $4 billion, and the company is losing well over $1 billion annually. To meet its obligations, Sears has been selling off valuable brands and properties. Now its pool of assets is dwindling, increasing the risk of a bankruptcy, analysts say. Kmart, in particular, is at risk of shutting down, as it loses market share fast....
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      Mentions: Chapter 11 Bankruptcy Sears Kmart
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