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.
Sears' Fate Hinges On Outcome Of Today's Bankruptcy HearingHoffman Estates-based Sears and discount retailer Kmart could join the growing list of now-defunct American retailers like Toys R’ Us that have been overtaken by digital competition like Amazon.
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 Future Up In The Air, Could Leave Home Warranties No Good It was a long shot, but Sears lives to see another day.
Reports: Sears Chairman Makes Last-Minute Bid To Save CompanyToday was deadline day for Sears to find a buyer to purchase the company out of bankruptcy. The retail chain is looking for a buyer for about 500 of its stores and the Kenmore appliance brand in an effort to keep Sears and Kmart open.
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.
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."
Sears Executives To Get Millions In Bonuses After Company Files For BankruptcySo far this year, Sears has filed for bankruptcy protection, reported $2 billion dollars in losses, and is closing more than 180 stores, in addition to laying off hundreds of workers.
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.
Small Businesses Must Get Creative To Attract Holiday ShoppersThis year the Chicago area has seen the demise of retailers like Carson's and Sears, who had difficulties adapting to new consumer habits.
Sears And Kmart Closing 40 More Stores By February 2019, Including Last Chicago Kmart
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.