Sears, SHLD, is reportedly preparing to file for bankruptcy
reportedly unable to make a debt payment due this week.
The stock last traded at .5851 cents
For those too young to remember, the 100 year old retailer
was the Amazon.com,of the 20th century.
It's retail stores anchored malls throughout the USA
and with it's catalogue, gave consumer the opportunity to purchase,
and have delivered to their home home a broad line of home and clothing items,
Their automotive repair shops, always jammed on Saturday's by hard working Americans
along with Sears tires, including their infamous Craftsman's Tools, and Diehard Batteries.
And It's real estate owned stores it's crown jewel asset, not enough to save them.
It's reported passing, is the death knell of a true American innovator
whose time after all of these years, simply came and went.
THE_UNWIND
reportedly unable to make a debt payment due this week.
The stock last traded at .5851 cents
For those too young to remember, the 100 year old retailer
was the Amazon.com,of the 20th century.
It's retail stores anchored malls throughout the USA
and with it's catalogue, gave consumer the opportunity to purchase,
and have delivered to their home home a broad line of home and clothing items,
Their automotive repair shops, always jammed on Saturday's by hard working Americans
along with Sears tires, including their infamous Craftsman's Tools, and Diehard Batteries.
And It's real estate owned stores it's crown jewel asset, not enough to save them.
It's reported passing, is the death knell of a true American innovator
whose time after all of these years, simply came and went.
THE_UNWIND
Sears Holding;s (SHLD)
officially files for Chapter 11 Bankruptcy
THE_UNWIND