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America mourns the death of Sears on social media

Brian Sozzi
Editor-at-Large

For many across the country, the bankruptcy of Sears has brought back warm and fuzzy childhood memories.

It makes sense. Over the course of its 125-year existence, Sears has sold homes, motorcycles and even tombstones. The first credit card for many baby boomers was one from Sears. Combing through the Sears holiday catalog was an annual family tradition.

Sears has now entered a part of history it unlikely saw coming 50 years ago when it was dominating American retail: entering the dustbin of fallen retailers.

Sears filed for Chapter 11 bankruptcy protection on Monday, crippled from years of losses and mounting debt. Sears (SHLDplans to close about 142 money-losing stores by year-end. The company operates about 700 Sears and Kmart stores.

Sears lined up $1.875 billion in bankruptcy financing to extinguish its existing loans and keep the lights on at the chain through the holiday season. CEO Eddie Lampert will step down, but remain as chairman. Lampert’s investment company, ESL Investments, plans to make a stalking horse bid for 400 profitable Sears and Kmart locations in the hopes of running them as a going concern.

Yahoo Finance asked the Twitterverse for their best childhood memories of Sears. What follows is an outpouring of responses that speak to the retailer’s place in society the past century-plus.

Brian Sozzi is an editor-at-large at Yahoo Finance. Follow him on Twitter @BrianSozzi

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