Report: Sears Preparing for Bankruptcy Filing — NBCNews.com

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Several media outlets report that a bankruptcy filing by Sears is imminent:

“The company, which hasn’t turned a profit since 2010 and is $134 million in debt, recently approached several banks to prepare for bankruptcy filing, CNBC reported Wednesday.

Shares plunged almost 20 percent on the news, and are set to open at a record low.”

P.S. News about Sears hasn’t been good for a long while. If you are a Sears supplier, it is time to rethink your retail partnerships. Our experts can help you get on Walmart’s shelves or improve your relationship with your buyer. Get in touch today and schedule an appointment.

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