Sears Holdings Corp.: Sears files for bankruptcy, a credit positive for competitors
Mall anchors that serve the middle-income segment, such as J.C. Penney and Macy’s, as well as off-price operators such at TJX, stand to benefit from additional sales.Sears Holdings is the parent company of Kmart Holding Corporation (Kmart) and Sears, Roebuck and the company (Sears). The company has two segments: Kmart, which includes stores that are mainly free-standing units that carry a range of products, including consumer electronics, seasonal merchandise, outdoor living, toys, lawn and garden equipment, food and consumables and apparel; and Sears Domestic, which includes its full-line stores, specialty stores, commercial sales and home services. The company operates a number of websites under the sears.com and kmart.com banners which provide products and the capability for its members and customers to engage in cross-channel transactions.
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