Kmart Bankruptcy – Again
Business had become so bleak that Sears Holdings, Sears had merged with Kmart back in 2004 to become a new retail company and announced the grim news of 142 store closures in October 2018. 63 of those stores were Kmart retail operations with the remainder being Sears's department stores. In addition to this bleak announcement of additional store closures, Sears Holdings announced that they would be filing for protection under Chapter 11 bankruptcy on October 2018.
The following month, 80 additional stores, 37 being Kmart stores, were identified for closure. One by one remaining stores, lined up like dominoes ready to fall, met their demise in a number of states. When it was all said and done, in 2018, there was only one store in the states of Missouri, South Dakota, Nebraska, Louisiana and Mississippi.
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