kmart

Hedge funds have killed Sears and many other retailers

Sears and other retailers that bit the dust recently have two things in common: They couldn't compete with Amazon and Walmart and they were backed by big private equity firms and hedge funds that horribly mismanaged them.

The rise and fall of Sears

Sears was "Where America Shops" for decades. But the changing retail environment has left the retailer a shell of what it once was. Here's a look at how the retailer has changed over the years.

Despite its struggles, Sears CEO gets raise

Sears CEO Eddie Lampert only gets a salary of $1 a year to run the troubled retailer. But he does get a stock bonus, and for 2017 that bonus increased by $850,000, giving him a 24% raise.

Here's what's killing Sears

Sears was once the king of retailers. Now it's a cash-starved shell of itself whose very survival is in doubt.

More red ink from Sears

Sears on Thursday reported another massive loss, extending its string of bad financial news that goes back seven years.

Store closings have tripled so far this year

Stores are closing at alarming rate. The number so far this year is triple what it was in the same period last year, according to an analysis by Fung Global Retail & Technology, a retail think tank.

Malls are doomed: 25% will be gone in 5 years

Between 20% and 25% of American malls will close within five years, according to a new report out this week from Credit Suisse. That kind of plunge would be unprecedented in the nation's history.