Showing posts with label Sears. Show all posts
Showing posts with label Sears. Show all posts

Wednesday, 21 November 2018

Sears Bankruptcy Engineered to Benefit Executives and Stiff Workers


Executives of Sears stand to gain up to $1 million in bonuses, should Sears be liquidated, and $500,000 if it’s restructured. Meanwhile, ordinary workers at Sears are being laid off without severance payments. Bill Black talks about how US bankruptcy law is rigged to favor executives

Tuesday, 16 October 2018

The Fall of a Retail Icon: Why Americans Stopped Shopping at Sears


The once formidable retail giant Sears files for bankruptcy protection. The company, which also owns Kmart, will continue to operate as executives try to reverse a downward spiral exacerbated by e-commerce. John Yang examines the company’s storied legacy and tumultuous fall with historian Jerry Hancock.

Saturday, 21 October 2017

Thousands Jobless as Canadian Retailer Sears Closes over Bankruptcy


One of Canada’s largest retail chains, Sears, is shutting down, after serving customers for more than 50 years.

The company declared bankruptcy last week and began selling off all of its assets. More than 12,000 people will lose their jobs.

Al Jazeera's Daniel Lak reports from Stratford, Ontario.