The company, which had 1,672 stores as of the end of January, said it would close 10 Sears department stores and 68 Kmart discount stores, with nearly all of the closings occurring in late July.
Having trouble finding that something special online? Not anymore.
An estimated 500 employees have lost their jobs since layoffs began last week, according to a news report.
Here's a list of some retailers that did -- and a few who did not -- bounce back from bankruptcy filings.
Shipping your products off to retailers is sexy and easy, but it could have a substantial financial impact on your business.
The company's shares fell as much 42 percent to a record low of 5 cents in early morning trading.
April is a fierce month for Queen Bey with her athletic clothing line, Ivy Park, debuting -- and rumors of her latest album running rampant. Check out the timeline for her other business ventures.
The move is just the latest by a big box retailer looking to find new uses for store space at a time more shopping is moving online.
California Cartage is accused of violating workers' rights to organize and threatening workers with dismissal.
The retailer had filed for bankruptcy in October following years of losses and the ouster of founder and CEO Dov Charney.
The clothing retailer has had 13 quarterly losses in a row.
A profile of Steinem in the spring catalog led to vocal protests from customers who disagree with the feminist icon, but now more people are angry after the company's apology.
Sears' 1800s innovations and market disruption model are still at the core of retail behaviors today. Retail companies would be wise to study this history.
If you work in any of the following professional fields, read on to improve your marketing techniques.