Sears Files For Chapter 11 Bankruptcy

(Reuters) - Sears Holdings Corp filed for Chapter 11 bankruptcy on Monday, throwing into doubt the future of the century-old retailer that once dominated U.S. malls but has withered in the age of internet shopping.

Sears listed assets in the range of $1 billion to $10 billion and liabilities in the range of $10 billion to $50 billion, according to a court filing.

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