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The retailer exited bankruptcy with 223 Sears and 202 Kmart stores nationwide. But four years later, most of those stores have closed. Sears shoppers I spoke with shared the store employees ...
If approved by a federal bankruptcy judge, $125.6 million of the agreed upon settlement would come from insurers, $41.9 million would come from the defendants and $7.5 million would come from ...
The once-dominant American retailer hopes to reemerge with some part of its business intact.
An attorney for Sears told U.S. Bankruptcy Judge Robert Drain that Lampert is expected to submit a revised offer for the retailer, along with a $120 million deposit, by 4 p.m. ET (2100 GMT) on ...
Sears, once the nation's largest retailer, filed for Chapter 11 bankruptcy protection Monday, hurt by falling sales and its massive debt. The owner of Sears and Kmart stores says it will continue ...
The bankruptcy filing by the parent of Sears, Roebuck and Co and Kmart Corp follows a decade of revenue declines, hundreds of store closures, and years of deals by billionaire Eddie Lampert in an ...
Sears, Roebuck and Co., commonly known as Sears (/ s ɪər z / SEERZ), [5] is an American chain of department stores founded in 1892 by Richard Warren Sears and Alvah Curtis Roebuck and reincorporated in 1906 by Richard Sears and Julius Rosenwald, with what began as a mail ordering catalog company migrating to opening retail locations in 1925, the first in Chicago. [6]
Sears Holdings Corp won court approval on Tuesday for $350 million in critical bankruptcy financing that will keep it operating through the holidays.