Sears, the once-mighty US retailer, files for bankruptcy

Sears, the once-mighty US retailer, files for bankruptcySears, an anchor of retail life for generations of Americans, filed for bankruptcy on Monday and said it was closing almost 150 stores, the latest marquee victim of the online era. Sears Holdings Corporation, also the parent company for Kmart, which merged with Sears in 2005, said in a statement it had filed for bankruptcy protection in Manhattan. Shares in the Sears plunged almost 24 percent on Wall Street.



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