Parent company of Sears, Kmart prepares for possible liquidation

Philip Rozenski/iStock(NEW YORK) — Sears and Kmart are expected to become the latest victims of the nation’s changing shopping habits pending a last minute save. Sears Holdings Corp, the parent of Sears and Kmart, will ask a federal bankruptcy judge in New York whether it can move to liquidation after failing to reach a buyer, …

Continue reading