Sears Lives To See Another Day As Its CEO Tries To Buy The RetailerMany employees and customers are in shock. Many thought liquidation was inevitable. But now the 126-year-old company may have one lifeline left.
BREAKING: Sears Reaches 11th Hour Deal To Stay In BusinessAfter two long delays at a morning hearing in bankruptcy court, attorneys for Sears announced it had accepted a revised bid from a hedge fund controlled by Eddie Lampert, the chairman and former CEO of Sears. The deal could keep 425 of the stores open.
If Sears Survives, This Is What It Will Look LikeEven if Sears survives bankruptcy, there will be a wide swath of America that no longer has any of its stores.
Sears To Close 80 More Stores As Deadline For Potential Buyers ApproachesFacing a Friday deadline for potential buyers to submit bids for its remaining assets, Sears has announced it is closing 80 more stores by March, including two in Illinois.
Big Deadline For Sears On FridaySears is nearing a crucial deadline that could determine whether it survives.
Sexual Abuse Victim Speaks Out As Boy Scouts Of America Considers BankruptcyThe Boy Scouts of America is facing a growing number of sexual abuse and misconduct lawsuits. The organization is considering filing for bankruptcy, due in part, to the massive payouts from these cases.
What's In Store For Sears?"The company has zero chance of success. I hate to say that, because there's still quite a few people in the U.S. at least who look to Sears for their employment, but there's no chance for the future there, in my opinion."
Anonymous Viewer Helps Customer Finally Get HOBO CabinetsAfter CBS 2's initial story about HOBO declaring bankruptcy, an anonymous viewer reached out to help Leroy Bell get his cabinets.
Sears' Biggest Holder Bids $4.6B For Rest Of Bankrupt ChainChicago-based Sears filed for Chapter 11 bankruptcy protection in October, weighed down by years of declining sales and massive debt.
David's Bridal Filing For BankruptcyThe nation's largest bridal retailer filed for Chapter 11 bankruptcy protection on Monday. It owes between $500 million and $1 billion to creditors, according to court records.
HOBO Files For Bankruptcy Leaving Customers Without RefundsHome improvement retailer, Home Owners Bargain Outlet (HOBO) filed for bankruptcy, leaving some costumers without refunds. HOBO has five stores in the Chicago area.
Customers Sour On Customer Service By Sears"I am beyond frustrated. If they're doing this to other customers, their demise seems imminent."
Sears Files For Bankruptcy; Will Close More Than 180 StoresFacing massive debt and declining sales, Sears has filed for bankruptcy protection, and will be closing more than 180 stores by the end of the year.
Sears' Bankruptcy Appears ImminentSears Holdings (SHLD), the parent company of Sears and Kmart, faces a Monday deadline to pay that much in debt.
Facing Deadline For $134 Million In Debt, Sears Likely To File For BankruptcyAll signs point to a bankruptcy filing in the next few days. Sears' stock has fallen more than 50% in the last five days to around 35 cents a share.