In the heyday of shopping malls, it was evidence of the century-old retailer's enduring success. Sears Holdings, which also owns Kmart, is now fighting to stay in business and facing possible liquidation as it undergoes bankruptcy. Sears' location at the Mall of America, a five-million-square-foot tourist destination that opened in 1992, was the only full-scale Sears store in Minnesota that wasn't already earmarked to shut down. For much of the 20th century, Sears was not only the nation's largest retailer, it was the largest private-sector employer. The proposal will need approval from the judge overseeing Sears' bankruptcy proceedings.

Source: CNN December 29, 2018 22:41 UTC