Don’t know if it was posted here earlier, but it’s looking like it might well be the end of the road for Sears.
Sears Holdings is getting things in order for a bankruptcy filing that could come sometime this week.
The retailer has reportedly hired M-III Partners to make the preparations for the filing, people familiar with the situation tell Dow Jones Newswires.
A debt payment deadline may be the final straw.
Sears has $134 million in debt due on Monday.
In recent days, M-III staff have been at the retailer’s headquarters in Hoffman Estates, Illinois, one person said.
Sears continues to discuss other options and could still avert an in-court restructuring, the people added.
Sorry about the source (Fox Business) but it is newsworthy. foxbusiness.com
Sears was my first real adult job; I learned a lot about retailing, customer service, and marketing and the crew I worked with - this was in the early-to-mid 1990’s - were a solid bunch. The store I worked at is one of those slated to close next month (columbian.com).