# How long before Sears goes bankrupt?

**URL:** <https://boards.straightdope.com/t/how-long-before-sears-goes-bankrupt/731758>\
**Category:** In My Humble Opinion\
**Created:** [September 19, 2015, 12:34pm UTC](https://boards.straightdope.com/t/how-long-before-sears-goes-bankrupt/731758 "2015-09-19T12:34:16Z")\
**Posts on this page:** 2\
**Page:** 4

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**Author:** ![PastTense](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/pasttense/32/14550_2.png) [@PastTense](https://boards.straightdope.com/u/PastTense)\
**Post date:** [October 11, 2017, 5:40pm UTC](https://boards.straightdope.com/t/how-long-before-sears-goes-bankrupt/731758/61 "2017-10-11T17:40:04Z")

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Updating this thread:

> [@](#):
>
> The effort to save Sears Canada’s operations has failed. On Tuesday the Canadian department store chain said it would seek court approval to liquidate all of its remaining stores and assets, according to a company press release.  
> The company said it expects the court overseeing the bankruptcy to hear a motion around the liquidation plan on Friday. Liquidation sales of store inventory will likely begin no earlier than Oct. 19 and would take 10 to 14 weeks, according to the retailer.

> **[Sears Canada to shut down after buyout bid fails](https://www.retaildive.com/news/sears-canada-to-shut-down-liquidate-after-buyout-bid-fails/507033/)**
>
> A last-minute effort to save the Canadian department store came up short, leaving the company to shutter operations and liquidate its stores. 

While Sears currently only has only a 12% ownership in Sears Canada, this is suggestive of what will happen to Sears in the not too distant future.

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**Author:** ![PastTense](https://sea3.discourse-cdn.com/straightdope/user_avatar/boards.straightdope.com/pasttense/32/14550_2.png) [@PastTense](https://boards.straightdope.com/u/PastTense)\
**Post date:** [January 4, 2018, 11:12pm UTC](https://boards.straightdope.com/t/how-long-before-sears-goes-bankrupt/731758/62 "2018-01-04T23:12:53Z")

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Updating this thread again:

> [@](#):
>
> Sears Holdings is closing an additional 103 stores around the country, as it struggles to win over customers who are increasingly shopping online.
> 
> The beleaguered retailer on Thursday said it will close 64 Kmart stores and 39 Sears stores by early April. The company has shuttered more than 400 locations in the past year, leaving it with about 875 stores.

> **[Sears Holdings to close 103 more stores](https://www.washingtonpost.com/news/business/wp/2018/01/04/sears-to-close-103-more-stores/)**
>
> The stores are expected to close by early April.

It doesn’t seem like it has that many years left before it closes down completely.

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