Sears, the iconic American department store, filed for Chapter 11 bankruptcy this morning. The New York Times reported that court papers show that Sears has amassed liabilities of $11.3 billion compared with $7 billion in assets.. The retailer, which employees...
The rise of online marketplaces such as Amazon and the growing number of internet sellers has sucked many retailers into the race for the lowest price. Now, sellers must respond to consumers’ demand for a good deal in a highly...