Judge Approves $5.2 Billion Plan To Keep Sears & Kmart Open
NEW YORK (AP) – Sears and Kmart live another day as judge approves $5.2 billion plan to keep stores open. — WSIL News (@WSILNews) February 7, 2019
sears
Sears and No Bucks: 90,000 Bankrupt Sears Pensions Set for Government Bailout
via Zerohedge: The Pension Benefit Guaranty Corp (PBGC) said in a Friday press release that it believes Sears Holdings Corp’s “continuation of the plans is no longer possible” following the … Read more
Sears stores to stay open after Lampert prevails in bankruptcy auction with a $5.2 billion bid
NEW YORK (Reuters) – Sears Holdings Corp Chairman Eddie Lampert prevailed in a bankruptcy auction for the U.S. department store chain with an improved takeover bid of roughly $5.2 billion, … Read more
Sears Closing All Stores
DEVELOPING: Sears plans to close all stores after 126 years in businessREAD MORE: t.co/OBWvGz9U2v — LIVE Breaking News (@NewsBreaking) January 8, 2019 Sears has not accepted Chairman Eddie Lampert’s bid … Read more
Court gives Sears new life, allows Chairman Eddie Lampert another chance to save retailer
Sears is giving Chairman Eddie Lampert another chance to buy the company out of bankruptcy and save roughly 55,000 jobs. Sears on Tuesday had planned to tell the bankruptcy court … Read more
Sears Prepares For Liquidation As Lampert’s 11th Hour Bid Fails
Via ZeroHedge Sears Holdings Corp is readying plans for a liquidation after Chairman Eddie Lampert’s bid to pull approximately 425 stores out of bankruptcy was rejected, according to Bloomberg, citing people … Read more
The clock is ticking: Sears may be down to its last 24 hours. Iconic retailer likely liquidates if no bid comes in tomorrow.
Sears could face liquidation within 24 hours from CNBC. via CNBC: The employer of more than 68,000 filed for bankruptcy in October. Its last shot at survival is a $4.6 … Read more
Laid-off Sears workers fume as execs get $25 million in bonuses
So the employees get the shaft while the executives who drove the company into bankruptcy get bonuses. Sounds about par for the course in the good ole U S of … Read more
Sears bankruptcy court OKs $25 million in bonuses for top execs!
Must be nice to get a 25 million dollar bonus from a bankrupt company. www.cbsnews.com/news/sears-bankr…top-execs/ Working for a bankrupt retailer still has it perks — at least if you’re among … Read more
Sears is in trouble: What shoppers should do as the company files for bankruptcy
For years, there have been reports of Sears death spiraling toward the corporate graveyard alongside other popular brick-and-mortar retailers. The company, once one of the great brands of America, has … Read more
Sears Hires Advisers to Prepare Bankruptcy Filing
by COMPUTER1313 www.wsj.com/articles/sears-hires-advisers-to-prepare-bankruptcy-filing-1539136189 www.cnbc.com/2018/10/10/sears-reportedly-preparing-for-bankruptcy-filing-as-soon-as-this-week.html Sears, which has been losing money for years, has $134 million in debt due on Monday. Edward Lampert, the hedge-fund manager who is Sears’s chairman, chief … Read more
SEARS, KMART closing more stores
Sears Holdings is closing at least three additional stores as the retailer faces serious questions about its future heading into the crucial holiday shopping season. The company is closing one … Read more
The Retail Apocalypse Picks Up Speed As Sears, JCPenney, Brookstone And Mattress Firm Spiral Toward Bankruptcy
by Michael Snyder Over 20 major retailers have filed for bankruptcy since the beginning of last year, and in 2018 we may break the all-time record for annual store closings that … Read more
Sears is now a penny stock.
SEARS now penny stock… In the latest indignity for a once-grand retailer, the share price fell below $1 on Friday for the first time in the company’s history, dropping as … Read more
Sears CEO’s hedge fund pushes retailer to restructure debt, sell off assets as part of turnaround effort
by COMPUTER1313 www.chicagotribune.com/business/ct-biz-lampert-sears-debt-proposal-0925-story.html Lampert’s ESL Investments wants Hoffman Estates-based Sears Holdings Corp. to restructure more than $1 billion in debt and sell about $1.5 billion in real estate and about … Read more
Sears looking for a way out of paying employee’s pensions
What’s to blame for the problems at Sears? Amazon? Bad management? CEO and primary shareholder Eddie Lampert has another idea: It’s the company’s own retirees. Sears turned in another bleak quarterly … Read more