Sears shares at record low as retailer prepares to file for bankruptcy

Shares were down 31% at 40.5 cents, giving the company that traded above $100 a decade ago a market capitalization of $40mSears is preparing to file for bankruptcy protection in the coming days, sources said on Wednesday, casting doubt over the future of what was once the world’s largest retailer and sending its shares to a record low.The bankruptcy filing would end a standoff between the chief executive officer, Eddie Lampert, the retailer’s biggest shareholder and lender, and a spe