Sears, the one-time titan of American retail, filed for bankruptcy ahead of a 134 million debt payment due Monday and announced that it will close 142 stores.For years, Sears has contended with the threat that it would become the latest big-name retailer to fall to online competition and crushing debt.
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BING NEWS:
- US No-Frills Pioneer Spirit Airlines Files for Bankruptcy Protection
(Reuters) -Spirit Airlines has filed for bankruptcy protection after the pioneer of no-frills travel in the U.S. struggled with a long run of quarterly losses and significant debt, it disclosed on ...
11/20/2024 - 6:13 am | View Link - Spirit Airlines files for Chapter 11 bankruptcy
The low-cost airline filed for bankruptcy protection Monday. It will continue to operate as it seeks to restructure its debt.
11/18/2024 - 8:11 am | View Link - Spirit Airlines Files for Bankruptcy; Lost $2.2 Billion in 5 Years
The low-fare carrier has struggled to find its footing after its planned merger with JetBlue was blocked by a federal judge.
11/18/2024 - 7:53 am | View Link - Spirit Airlines files for bankruptcy protection but plans to keep flying
Spirit Airlines says it will continue flying as it files for Chapter 11 bankruptcy protection. Monday's announcement follows years of losses and a failed merger attempt for the low-cost carrier.
11/18/2024 - 3:08 am | View Link - Spirit Airlines Files For Bankruptcy, Aims To Exit Chapter 11 In Early 2025
Years of losses and two failed mergers have caused the ultra-low-cost carrier’s stock price to tumble 92% in the past year. But Spirit says it will bounce back.
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