Is Sears going bankrupt?
Sears is not going bankrupt. Sears will be closing some of its stores to cut operation costs. This is a strategic closing of only the most unproductive stores. Circuit City however, has been closing stores because it has in fact filed for bankruptcy. If Sears were in any real trouble they would take more drastic action. ChaCha On!
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About Sears
Sears (NYSE: SHLD), a major retailer with a colorful history, was the largest retailer in the United States as it entered the midpoint of the 20th century. In more recent years it has evolved to be a major online retailer and a trusted source for tools, appliances and affordable clothing and other goods.
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