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Sears files for Chapter 11 amid plunging sales, massive debtNEW YORK (AP) — Sears has filed for Chapter 11 bankruptcy protection, buckling under its massive debt load and staggering losses. The company once dominated the American landscape, but whether a smaller Sears can be viable remains in question. It joins a growing list of retailers that have filed for bankruptcy or liquidated in the last two years amid a fiercely competitive climate. But with its sheer colossal size, Sears' reorganization in court will have even wider ripple effects. Tell them periscope already knew.. cause yeah Well maybe don’t sell a push mower for 3400$ in 1996 and y’all would have been alright. sears
Source: AP - 🏆 728. / 51 Read more »