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Sears is in trouble: What shoppers should do if the company files for bankruptcy [USA TODAY]

SEARS HOLDINGS (SHLD)  More Company Research Source: USA TODAY
US:NASDAQ Investor Relations: searsholdings.com/invest
PDF Sears hasn't been able to get its cash burn under control. (Photo: Sears Holdings) CONNECT TWEET LINKEDIN COMMENT EMAIL MORE For years, there have been reports of Sears death spiraling toward the corporate graveyard alongside other popular brick-and-mortar retailers .  The company, once one of the great brands of America, has managed to stay afloat in recent years by borrowing cash from its CEO and selling off desirable assets such as real-estate and brands. Now, reports say Sears is working with advisers to prepare to possibly file for bankruptcy, as soon as this week.  But just because Sears Holdings Corp. might be in trouble doesn't mean consumers have to be.  In the wake of all that's happening, here's what Sears shoppers should know:  More: Sears may file for bankruptcy as debt payment looms, reports say Question: Will my local store close? Answer: Possibly. So far, Sears has announced that 46 of its underperforming stores [Read more]

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