What’s in Store for Sears

Sears was once an iconic American retailer, selling everything from jewelry, to power tools, to ready-to-assemble houses. The 126-year-old company made its name through mail order catalogs eventually expanding to thousands of physical stores. In 2005, when Sears merged with department store Kmart, the combined retailer had over 300,000 employees and almost 3,500 stores. 

But the company has proved unable to keep up in the 21st century and has been losing money for years. In October, the retailer filed for for Chapter 11 bankruptcy. Once the largest retail company in the world, the future of Sears is looking grim.

This week on Money Talking, Charlie Herman talks to Michael Corkery, reporter at the New York Times, about what's in store for this former behemoth.