WON’T NEED A LIQUIDATION SALE. CBS 2’S DICK BRENNAN HAS MORE NOW ON THE BRAND WITH THE STORIED PAST. ♪[ MUSIC ]♪ Reporter: THERE’S A JINGLE FOR EVERY ERA BUT DECADE IN AND DECADE OUT SEARS WAS ALL ABOUT THE CUSTOMER. WE ARE AT A SEARS STORE TO FIND OUT WHY SEARS IS WHERE AMERICA SHOPS! THEY HAVE WHAT I NEED IN THE SIZE AND COLOR THAT I WANT. I CAN BRING IT BACK. THEY WILL EXCHANGE IT REPLACE IT, REFUND IT. Reporter: BUT NOW, SEARS IS WHERE AMERICA USED TO SHOP. AND IT APPEARS WITH ITS STOCK PRICE TUMBLING AND DEBT PAYMENTS LOOMING, THE STORE COULD FILE FOR BANKRUPTCY AS EARLY AS THIS WEEK. I CAN TELL YOU THERE WAS A TIME THAT THIS SEARS STORY IN YONKERS WAS ALWAYS PACKED. YOU COULD NEVER EVEN GET A PARKING SPOT! WELL, NOW — THINGS HAVE CHANGED. I COME HERE NOW, YOU KNOW, WE HAVE THE WHOLE STORE TO OURSELVES. MY MOM USED TO GO TO THE HARDWARE AREA WHERE THE APPLIANCES WHY AND ALL THAT STUFF. MY FATHER WENT TO THE TOOL AREA. IT’S GOING TO BE QUITE SAD TO SEE THEM GO. Reporter: IN THEIR PRIME, THEY USED STARS AND FIXED YOUR CARS, BUT THE PRICES, AH, THE PRICES, EVEN FOR 1981, WERE A BARGAIN. JEANS THAT FIT JUST 10.99, THEY FIT YOUR SHAPE AS WELL AS YOUR SIZE. Reporter: SEARS RULED FOR MORE THAN 100 YEARS. ITS FAMOUS CATALOG YOU COULD SAY WAS THE OLD-FASHIONED AMAZON. YOU COULD BUY A BIKE, TOMBSTONE OR TOILET. THEY COULD SEND IT RIGHT TO YOU. SO POPULAR FOR SO LONG IT WAS SAID IN AMERICAN HOMES THERE WERE AS MANY CATALOGS AS BIBLES. IT WAS ALWAYS THE SEARS CATALOG. WE SAT FOR THE WHOLE YEAR AND JUST PICKED OUT WHATEVER WE WANTED AND JUST HOPED THAT EITHER SANTA OR SOMEBODY WOULD BRING IT TO US. Reporter: BUT IT APPEARS SEARS IS NOW THE GHOST OF CHRISTMAS PAST. THE REAL AMAZON PERHAPS DEALING THE DEATH KNELL AND A PIECE OF AMERICANA. THE WALK DOWN THE STORE AISLE MAY SOON BE RETAIL HISTORY. I’M GOING TO MISS IT. I LOVE SEARS. I LOVE IT. ♪ THERE’S MORE FOR YOUR LIFE AT SEARS! ♪ NOW, DON’T WAVE GOOD-BYE JUST YET. SEARS IS NOT GONE YET. IT’S ADDING A RECONSTRUCTION EXPERT AT ITS BOARD AND THE COMPANY IS READY TO MAKE CHANGES TO STAY AFLOAT. THE ANNOUNCEMENT WAS MADE WITH SEARS NEARING THE KEY DEBT REPAYMENT IN LESS THAN A WEEK SO ANOTHER CHAPTER PERHAPS, MAURICE AND KRISTINE,. WALK DOWN MEMORY LANE, DICK. GETTING ALL NOSTALGIC OVER HERE. REMEMBER THE TOUGH SKINS JEANS? WE WERE TALKING ABOUT THAT. EVERYBODY HERE REMEMBERS THEM. THERE WERE SO MANY FIRSTS THERE, LIKE I REMEMBER GETTING