Parent of Sears and Kmart Issues Warning as Its Losses Mount By CARLOS TEJADA 3:53 AM ET Sears Holdings Corporation said in its annual report that there were “substantial doubts” it could remain a going concern. https://www.nytimes.com/2017/03/22/business/dealbook/sears-kmart-closing-doubt.html?ref=business Sad. I used to love the tool section in Sears.