US Retail Giant Sears to <br />Officially Shut Down The company has announced plans <br />to liquidate after 126 years in business. The move comes after Chairman <br />Eddie Lampart's $4.4 billion bid to save <br />Sears was rejected by the <br />company's board. It is a huge fall from grace for Sears, which was once America's most famous retailer. Since the rise of Amazon and online retail shopping, it has struggled to <br />maintain relevancy. Sears, which hasn't produced a profitable year since 2010, filed for bankruptcy last October. As of now, there are 400 stores <br />and 50,000 workers.
