USA TODAY |
Ailing retail giant Sears may not survive
USA TODAY Sears, once the kingpin of U.S. retailers, is closing 150 stores, selling its Craftsman brand to raise cash and borrowing money to pay down debt, but those steps may not be enough to stop the unraveling of an iconic American company. The ailing … Sears sells Craftsman brand to Stanley Black & Decker for about $900 millionChicago Tribune Sears Buys Time With Craftsman Brand Sale, Store ClosuresWall Street Journal Sears Agrees to Sell Craftsman Brand in a Bid to Raise CashNew York Times Bloomberg –CNBC –Fortune –Chicago Daily Herald all 406 news articles » |
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