Sears Holdings

Sears to close five Maryland stores as struggling retailer files for bankruptcy

Sears to close five Maryland stores as struggling retailer files for bankruptcy

Sears Holdings Corp., the parent of the struggling Sears and Kmart retail chains, filed for bankruptcy protection Monday — a last-ditch effort to save an American icon that shaped shopping habits for more than a century.

The retailer plans to close 142 unprofitable stores by the end of the year, including five in Maryland — Sears mall stores in Columbia, Westminster and Bowie and two Kmarts. With the Chapter 11 filing, the company leaves millions owed to creditors, including two tool makers in Baltimore County, Stanley Black & Decker and Apex Tool Group.

Under the bankruptcy court’s protection, Sears buys more time for a turnaround, one it’s been attempting for years....

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