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Sears Will Finally Go Out of Business

Sears has shrunk from 3,500 stores to five amid bankruptcy and fierce competition from Walmart and Amazon, highlighting over a decade of decline, experts say.

Summary by 247wallst.com
Sears, once known as Sears, Roebuck and Co, was founded in 1892. Its store count peaked at over 3,000, and it was the largest retailer in America for decades, until Walmart topped it in 1990. 24/7 Wall St. Key Points The current Sears store count is five, and this year’s Black Friday will probably be its last. Sears could not defend itself from startups Walmart and Amazon. Are you ahead, or behind on retirement? SmartAsset’s free tool can ma…

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Penn Live broke the news in Harrisburg, United States on Monday, December 1, 2025.
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