Sears Closes one One of it's Last Remaining Stores

Sears Holdings (the parent company of Sears and Kmart) filed for Chapter 11 bankruptcy on October 15, 2018. This came after years of declining sales and struggles to compete with online retailers like Amazon and big-box stores like Walmart. The company had amassed significant debt and was unable to make a $134 million debt payment.

While Sears initially survived bankruptcy through restructuring and store closures, it has continued to decline. As of December 15 Sears closes another of its few remaining locations in Tukwila, Washington (The store was the last Sears open in Washington. The closing of the Tukwila store leaves the number of states with a Sears store down to just four: California, Texas, Florida and Massachusetts.