by Lynde Langdon
Posted 10/15/18, 03:21 pm
Once America’s retail giant, Sears filed for Chapter 11 bankruptcy protection Monday after 132 years in business. The company plans to close 142 of its 700-plus remaining stores and lay off thousands of workers. Founded as a watch store, Sears blossomed into the Amazon of the early 1900s as a mail-order business. “What Sears did was make big-city merchandise available to people in small towns,” economist and author Marc Levinson said. The retailer at one time sold everything from build-your-own-house kits to grave markers.