Sears

  • It’s Official…..Sears Will Keep 425 Stores

    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 approved the purchase by Eddie Lampert’s ESL Investments last week, giving the green light for the bankrupt retailer, which also owns Kmart, to avoid...
  • Sears and Kmart may survive after all

    Sears Holdings could escape its brush with annihilation after the retailer’s chairman and largest investor prevailed in an auction for a shrunken version of the company. The owner of the Sears and Kmart chains will be sold to hedge fund manager and longtime Sears backer Eddie Lampert’s ESL Investments if...
  • Will Sears & Kmart be saved in a last minute deal ???

    Sears and Kmart could soon join the graveyard of deceased American retailers if they can’t reach a last-minute deal to save themselves in bankruptcy. Sears Holdings, which owns the two retailers, likely will reveal Tuesday whether it will consider a controversial offer by its chairman and largest investor to...
  • Only hours left for Sears Retail Store

    Anyone who wants to buy Sears Holdings out of Chapter 11 bankruptcy has only a few hours left to make a move, but no one has so far. All bids must be submitted to by Friday at 4 p.m. ET. Whether Sears chairman Edward Lampertwill formally toss his hat in the ring remains to be seen. Lampert...
  • Sear prepares to file for bankruptcy in next few days!

    Sears Holdings Corp (SHLD.O) is preparing to file for Chapter 11 bankruptcy protection in the coming days following years of declining sales, sources said on Wednesday, casting doubt over the survival of what was once the world’s largest retailer. IN THE SHADOW OF TOYS ‘R’ US It is not...
  • Another 72 Sears Stores will close

    Sears Holdings plans to close another 72 money-losing stores as the department-store chain tries to stem the bleeding from its long-running sales crisis. Sears said it would reveal the list of closures later on Thursday. The company, whose stores include Sears and Kmart, has been engaging in a virtually nonstop campaign...
  • Last retail store for Sears closing in this city

    Sears is closing its last remaining store in Chicago. Employees at the store at Six Corners in the Old Irving Park neighborhood were told of the closure Thursday morning, spokesman Howard Riefs said in an email. The store will close in mid-July after a liquidation sale set to begin...
  • Customer payment information may have been exposed with Sears and Delta Airlines

    Department store chain Sears Holding Corp (SHLD.O) and Delta Air Lines Inc (DAL.N) said on Wednesday some of their customer payment information may have been exposed in a cyber security breach at software service provider 7.ai. Sears said it was notified of the incident in mid-March and the...
  • Sears and Jaclyn Smith teaming up for a makeover

    Sears, still struggling to find its place in a disrupted retail landscape, is looking to one of the stars of TV’s original Charlie’s Angels to solve the puzzle of livening up its fashion lineup. Sears is going to offer the apparel from the line of the actress and businesswoman...