Sears' Bankruptcy Appears Imminent
Sears Holdings (SHLD), the parent company of Sears and Kmart, faces a Monday deadline to pay that much in debt.
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Sears Holdings (SHLD), the parent company of Sears and Kmart, faces a Monday deadline to pay that much in debt.
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All signs point to a bankruptcy filing in the next few days. Sears' stock has fallen more than 50% in the last five days to around 35 cents a share.
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One of Sears' major shareholders just dumped a chunk of his stock for pennies on his original investment.
With high temperatures hovering in the 80s, it might be hard to think about Christmas, but that's exactly what retailers are doing as they get ready for the holiday shopping season.
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A group of investors is scrapping an auction for Toys R Us assets, despite receiving a number of qualified bids, and will work with potential partners to develop new ideas for stores.
Many deal with uncomfortable situations by just cutting off communication.
A global shipping company has opened a new flagship operation in the Lincoln Yards development along the Chicago River, becoming the first major tenant of the 70-acre property just west of Lincoln Park.