Sears (and Kmart) files for Chapter 11 Bankruptcy, the end of the line is near...

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So, the news outlets were right. Sears has officially filed for Chapter 11 Bankruptcy. But, the stores, both brick and mortar and online, will continue to operate. But the 125-year-old company is losing it. To me right now, there is a "race" going on with retailers right now. Amazon is in 1st, Walmart in 2nd, Target in 3rd, but Sears and Kmart are in last place! Sears has not been doing well lately. The company's stock fell below $1 on Sep 28, 2018, and fell below $0.50 on Oct 10, 2018. In fact, the stock right now is at 33 CENTS A SHARE! The company has also announced the closing of 142 MORE STORES, along with the bankruptcy.

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