Sears files just as things are looking up for American retail

SEARS HOLDING CORP. filed for Chapter 11 bankruptcy Monday morning. / BLOOMBERG NEWS FILE PHOTO/VICTOR J. BLUE
SEARS HOLDING CORP. filed for Chapter 11 bankruptcy Monday morning. / BLOOMBERG NEWS FILE PHOTO/VICTOR J. BLUE
NEW YORK - A year ago, a Sears bankruptcy would have fit better into the United States retail narrative, given the steady decline of shopping malls and foundering chains. Today, however, with shoppers feeling more free to spend and nicer malls on the upswing, bankruptcy is a clear sign of individual weakness, not an industry trend.…

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