The retailer has been bleeding cash and closing hundreds of stores for years.
The retailer, which also owns Kmart, reported a loss of $454 million in the most recent quarter. The massive loss is the latest in 10 years of declining same-store sales.
"Sears is like a rudderless ship, devoid of compass heading, manned by a demoralized crew and worth nothing more than the old rotten boards and nails it's made of," Doug Stephens, founder of industry website Retail Prophet and author of "The Retail Revival: Re-Imagining Business for the New Age of Consumerism," told Business Insider's Ashley Lutz.
Nicholas Eckhart has been tracking Sears' downward spiral on his blog DeadAndDyingRetail.com.
The company has closed more than 300 stores since 2010. For this post, we compiled Eckhart's images of abandoned or dying Sears stores.