It's heartbreaking to see the once mighty Sears being reduced to seeking shelter from creditors and shareholders as it faces bankruptcy after 125 years of operations.
At the end of December, Sears revealed 80 additional store closures and an auction still planned for mid-January.
There must be a balance between innovating for the future and pleasing the shareholders by earning profits.
Amazon CEO Jeff Bezos had a scary warning for its employees recently. He also had a few words of advice for his workforce.
Rumors of bankruptcy emerge as Sears talks of purchasing Kenmore in the company's attempt to rise above its current financial distress.
J Crew, Sears, Nine West, Eddie Bauer and Claire’s Inc. might close down this year as more American retailers lose the battle against ecommerce.
Sears teamed up with Amazon for making a new line of smart appliances that will innovate the consumers' way of doing their chores at home.