Nightly News   |  February 23, 2012

Tough times for iconic brands

Sears, USPS, and the Fuller Brush Company are all facing difficult decisions. NBC’s Brian Williams reports.

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This content comes from Closed Captioning that was broadcast along with this program.

>>> more signs tonight of our tough economic times . an iconic old american brand, the fuller brush company whose salesmen sold door to door filed for bankruptcy just two months after declaring itself back with a new line of products with a brand new website.

>>> also tonight, the u.s. postal service struggling to survive has sent congress its list of more than 200 sorting facilities that plan to close down now, slowing down delivery of first-class mail and costing 35,000 jobs.

>>> finally sears reported some dismal numbers today for the fourth quarter of last year, a loss of $2.5 billion. they'll spin off parts of the company to hang on, but they'll keep brands like kenmore and craftsman.