Bonfires Of Cash--The End For Sears Is Nigh

By David Desjardins at Seeking Alpha

Sears (NASDAQ:SHLD) is an icon of the American business landscape. The company was founded by Richard Warren Sears and Alvah Curtis Roebuck in 1886. At its apogee, Sears was the biggest retailer in the United States. Due to its prosperity, the firm decided to build the largest building in America: the Sears Tower located in Chicago. At completion in 1973, it surpassed the World Trade Center towers and became the tallest building in the world. Now, Sears is not the firm that it once was. It is now the 13th largest retailer in the United States based on annual revenue behind Costco, Wal-Mart and Best buy for example.

The Chicago skyline featuring the Sears Tower is seen from a helicopter 06 July 2006 in Chicago, Illinois. The tower, the tallest in North America was the tallest in the world until 1996. The tower is third behind the Petronas Towers in Malaysia.    AFP PHOTO/TIM SLOAN (Photo credit should read TIM SLOAN/AFP/Getty Images)

The Chicago skyline featuring the Sears Tower is seen from a helicopter 06 July 2006 in Chicago, Illinois. The tower, the tallest in North America was the tallest in the world until 1996. The tower is third behind the Petronas Towers in Malaysia. AFP PHOTO/TIM SLOAN (Photo credit should read TIM SLOAN/AFP/Getty Images)

Source: Is Sears' Game Over? - Seeking Alpha

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