According to CNN, Sears filed for bankruptcy in October, but said it hoped to be able use the process to stay in business. But many retailers end up going bust after filing, despite plans to stay in business. In recent years, Toys “R” Us, RadioShack and Sports Authority have followed that path to the graveyard.
Visit: https://www.cnn.com/2019/01/08/business/sears-future-bankruptcy-delay/index.html