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Previously, being the largest US retailer facing a possible bankruptcy, there is no doubt that Sears is in trouble. A few days before the deadline of payment of its debt of 134 million dollars, the the Wall Street newspaper reported, the company hired advisors for a potential bankruptcy filing under Chapter 11.
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Despite the closure of hundreds of stores and the reduction of its expenses, the deterioration of Sears continues to collapse. Since 2005, it has not experienced any sales growth and totaled $ 11.2 billion in cumulative net losses since 2011. But the company founded in 1893 has not always been like that.
In addition to a century of existence, Sears has gone through both World Wars and the Great Depression and is one of America's largest retailers. Opening of his first store in Chicago In 1925, the company's sales included shoe repairs, kitchen utensils, a model hunting lodge and even farm tractors. About 15,000 buyers visited the new store on opening day.
Today, most Sears stores are vacant, only a handful of shoppers browsing the sterile shelves of what remains. he can officially be the end from one era.
Look at the photos above to see how Sears' days of glory are deteriorating.
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