Sears Holdings Corp. early Monday announced it has filed for Chapter 11 bankruptcy relief, and will close an additional 142 stores.
The announcement Monday also includes a reorganization of stores and leadership, and further streamlining of operations.
The voluntary petition for bankruptcy relief was filed in the U.S. Bankruptcy Court for the Southern District of New York.
"The Company expects to move through the restructuring process as expeditiously as possible and is committed to pursuing…
