Sears’ Eddie Lampert looks to regain full ownership of Sears Hometown and Outlet Stores – USA TODAY

CLOSE Elizabeth Keatinge tells us about some new Sears stores that are opening after the company declared bankruptcy in 2018. Buzz60 The day after Sears announced three new small-format stores would open in May, the company made a move to reclaim full ownership of part of the company it spun off in 2012. Illinois-based Sears Hometown and Outlet…

Continue Reading →

Sears’ controversial ex-chairman closes deal to buy the company, keeping 425 stores open – USA TODAY

CLOSE With Sears filing for bankruptcy and so many stores closing, the end may be drawing near for the iconic American retailer. Many of us aren’t ready. USA TODAY It’s official: A hedge fund helmed by Sears’ controversial ex-CEO has closed the deal to buy the beleaguered company for $5.2 billion. A federal bankruptcy judge…

Continue Reading →

Sears survived bankruptcy. Can it survive long term? – CNN

‘ : “http://www.cnn.com/”},a.getDefinedParams = function(n, e) {return e.filter((function(e) {return n[e]})).reduce((function(e, t) {return r(e, (function(e, t, n) {t in e ? Object.defineProperty(e, t, {value: n,enumerable: !0,configurable: !0,writable: !0}) : e[t] = n;return e})({}, t, n[t]))}), {})},a.isValidMediaTypes = function(e) {var t = [“banner”, “native”, “video”];if (!Object.keys(e).every((function(e) {return (0,u.default)(t, e)})))return !1;if (e.video && e.video.context)return (0,u.default)([“instream”, “outstream”], e.video.context);return !0},a.getBidderRequest…

Continue Reading →

Sears reaches deal with Chairman Eddie Lampert to save company and roughly 400 stores – CNBC

There have been questions about the bid’s ability to cover Sears’ administrative expenses, like vendor payments and advisory fees. The bid is relying on a $1.3 billion so-called credit bid — funding the deal in part by forgiving debt owed to ESL Investments. Sears’ unsecured creditors have objected to its use. On Tuesday, Lampert seemed…

Continue Reading →

Sears Still Looks Doomed Even If It Escapes Liquidation For Now – Seeking Alpha

Sears Holdings (OTCPK:SHLDQ) may potentially continue to operate stores for a little while longer, depending on the results of Lampert’s bid. However, any continued survival appears likely to only exist to facilitate continued inventory clearance and a more manageable transition of real estate assets to other tenants. Sears has shown no indication that it can…

Continue Reading →

It’s do-or-die time for Sears – CNN

‘ : “http://www.cnn.com/”},a.getDefinedParams = function(n, e) {return e.filter((function(e) {return n[e]})).reduce((function(e, t) {return r(e, (function(e, t, n) {t in e ? Object.defineProperty(e, t, {value: n,enumerable: !0,configurable: !0,writable: !0}) : e[t] = n;return e})({}, t, n[t]))}), {})},a.isValidMediaTypes = function(e) {var t = [“banner”, “native”, “video”];if (!Object.keys(e).every((function(e) {return (0,u.default)(t, e)})))return !1;if (e.video && e.video.context)return (0,u.default)([“instream”, “outstream”], e.video.context);return !0},a.getBidderRequest…

Continue Reading →

Sears weighs 50 to 80 more store closures as challenges mount for Eddie Lampert’s bid to keep the retailer alive – CNBC

Even as Eddie Lampert is trying to keep Sears alive, the company is preparing for its potential doom. Sears’ chairman, Eddie Lampert, earlier this month unveiled his $4.6 billion proposal to save Sears by buying the company out of bankruptcy through his hedge fund, ESL Investments. Such a deal is likely its last chance at…

Continue Reading →