Sears is slated to live on thanks to chairman Eddie Lampert's bid to save the company. To survive, the retailer will have to close numerous stores.
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Sears reaches deal with Chairman Eddie Lampert to save company and roughly 400 storesSears Holdings reached a roughly $5 billion deal with Chairman Eddie Lampert early Wednesday morning to keep the company, and roughly 400 stores, in operations, according to a person familiar with the situation.
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Sears survives bankruptcy auction and will keep 400 stores openThe company's chairman, Eddie Lampert, has won an auction to save the retailer from liquidation.
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Sears Chairman Eddie Lampert revises his bid to save the company, report saysAmid an auction of its assets, Sears chairman Eddie Lampert has tweaked his bid for the beleaguered retailer according to Bloomberg
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