Sears has long been anticipated to disappear. It's been managed for its real estate (especially in the U.S.) for over a decade.
Compaq didn't fold or go bankrupt it got acquired by HPTemporel wrote: ↑Oct 5th, 2018 12:32 amWho would have thought such a venerable institution as Eaton’s would disappear? And what about Sears? They sold extended warranties until the last minute and many people got caught. I Googled “famous company bankruptcies” here are a few: GM, Enron, Lehman Brothers, Nortel (Northern Telecom), Toys R Us, Future Shop, Blockbuster, Polaroid, Kodak, Texaco, Compaq Computers, Radio Shack, You know what, it’s kind of funny to look at the list, there are so many! PanAm, Steinberg’s, Woolworth's, Trans World Airlines, Us Air, Trump Entertainment Resorts, Chrysler, Etc.
Future Shop was acquired by Best Buy then closed (Best Buy assuming FS liabilities)
Texaco was acquired by Chevron (natural since they long had the Cal-Tex partnership).
U.S. airlines and auto manufacturers go bankrupt routinely. Nothing new.