Sears – the end of the line?

Sears was once the dominant American retailer, selling everything from dresses to power tools. However, on the 5th of October, Sears Holdings Corporation filed for bankruptcy protection after years of struggle and relentless losses. As controlling shareholder, Edward Lampert spent years keeping the retailer out of bankruptcy. The financier’s hedge fund, ESL Investments, is slated to provide a $300 million bankruptcy-financing package to help keep the retailer in business. In 2004, th