UPDATE 3-Sears, once a retail titan, files for Chapter 11 bankruptcy
October 15, 2018 at 10:50 AM EDT
Sears Holdings Corp filed for Chapter 11 bankruptcy on Monday with a plan to close about 142 of its 700 stores by the end of the year, 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.