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Thursday, May 23, 2019  Spokane, Washington  Est. May 19, 1883
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Stories tagged: sears


UPDATED: Fri., Feb. 15, 2019, 6:42 p.m.

A leaner Sears emerges from bankruptcy, but can it survive?

In some ways, the “new” Sears has a lot in common with the company that filed for bankruptcy protection in October.


Bankruptcy judge gives Sears another chance, OKs $5.2B plan

A plan to keep Sears Holdings Corp. alive and tens of thousands of people employed was approved Thursday by a federal Bankruptcy Court judge.


UPDATED: Fri., Jan. 18, 2019, 6:53 p.m.

Feds move to take over Sears pension plans, cover ‘vast majority’ of benefits for 90,000 retirees

The Pension Benefit Guaranty Corp. said in a new release Friday that it believes Hoffman Estates, Illinois-based Sears Holdings Corp.’s “continuation of the plans is no longer possible” after the …


Sears creditors challenge hedge fund chairman’s winning bid

A group of Sears creditors are challenging Chairman Eddie Lampert’s hedge fund’s winning $5.2 billion bid to buy the business in a bankruptcy auction and wants to air their grievances …


UPDATED: Wed., Jan. 16, 2019, 7:33 p.m.

Sears survives a near-death experience, but for how long?

Its chairman and biggest shareholder, Eddie Lampert, won tentative approval for a $5 billion plan to keep the ailing, 132-year-old department-store chain in business, fending off demands from creditors that …


Robert J. Samuelson: What Sears and GE’s decline teaches us about capitalism

General Electric and Sears have fallen on hard times, and that tells us a lot about U.S capitalism.


Whatever happens, Sears’ legacy will endure

Now facing the possibility of liquidation – a bankruptcy judge is expected to decide the retailer’s fate in the coming weeks after Chairman Edward Lampert raised his bid to keep …


UPDATED: Thu., Jan. 10, 2019, 1:39 p.m.

Eddie Lampert raises offer to keep Sears open to more than $5 billion

Eddie Lampert’s ESL Investments is sweetening its offer to keep Sears Holdings Corp. in business, outlining a $5 billion plan to buy the retailer out of bankruptcy.


UPDATED: Tue., Jan. 8, 2019, 7:43 p.m.

Sears gets another reprieve from liquidation

Sears gets another reprieve from liquidation after its chairman and largest shareholder revises his bid to save the retailer.


Lampert’s hedge fund makes last-minute bid to save Sears

A hedge fund run by Sears Chairman Eddie Lampert said it submitted a last-minute bid Friday to keep the struggling retailer from being liquidated.


UPDATED: Fri., Dec. 28, 2018, 9:46 p.m.

Spokane’s first Kmart to close in March as part of Sears bankruptcy

The location at 4110 E. Sprague Ave. was among 80 locations listed Friday for closure by the former retail giant, which is now navigating bankruptcy in partnership with the Sears …


Sears seeks offers on stores Lampert needs for turnaround

Sears Holdings is shopping around its stores, looking to gauge what they’re worth in the open market while it weighs Chairman Eddie Lampert’s $4.6 billion bid to buy the entire …


UPDATED: Thu., Dec. 6, 2018, 8:18 p.m.

Sears’ biggest holder bids $4.6B for rest of bankrupt chain

Eddie Lampert and his ESL Holdings hedge fund are offering to buy the rest of Sears for up to $4.6 billion in cash and stock in a move to stave …


As Sears declares bankruptcy, the retailers’ storied history in Spokane mirrors its rise and fall

While Sears is a wholly American story, it’s a Spokane story as well. Its rise was more than evident here, as the retailer built the city’s most modern department store …


Sears gets court OK to pursue sale of its best stores

Sears Holdings Corp. can begin trying to sell its best-performing stores after receiving court approval last week for its plans to auction off assets.


UPDATED: Mon., Nov. 12, 2018, 5:19 p.m.

Sears sale plan blasted by creditors as ‘foolhardy gamble’

Chairman Eddie Lampert wants to keep Sears Holdings Corp. alive, but a group of the company’s creditors say they’d be better off if Sears were dead.


UPDATED: Tue., Nov. 6, 2018, 2:48 p.m.

Sears Spokane credit union will merge with PrimeSource Credit Union

Sears Spokane Employees Federal Credit Union is merging with another local credit union.


Joe Nocera: Nothing lasts forever, not even the mighty Sears

Sears’ bankruptcy is simply a reminder of how American capitalism works. The next time you hear somebody say that the dominance of Walmart or Amazon or Facebook can never end, …


UPDATED: Mon., Oct. 15, 2018, 6:13 p.m.

The Sears bankruptcy: Locals lament company’s decline, even if they’ve become infrequent shoppers at the one-time retail giant

Sears Holdings filed for Chapter 11 bankruptcy reorganization Monday. The retailer will close 142 of its 700-plus remaining stores and eliminate thousands of jobs in a bid to stay afloat.


Sears files for bankruptcy just as things are looking up for U.S. retail

A year ago, a Sears bankruptcy would have fit better into the U.S. retail narrative, given the steady decline of shopping malls and foundering chains. Today, however, with shoppers feeling …


Sears files for Chapter 11 bankruptcy amid plunging sales, massive debt

Sears once dominated the American retail landscape. But the big question is whether the shrunken version of itself can be viable or will it be forced to go out of …


UPDATED: Fri., Oct. 12, 2018, 6:07 p.m.

Sears is hammering out deal to stay open in bankruptcy

Negotiations over the fate of Sears Holdings Corp. have moved away from a possible liquidation toward a plan that would keep some stores open through Christmas, according to a person …


Sears’ CEO has come up with a last-minute plan to save it from bankruptcy

Sears could face bankruptcy if it doesn’t meet its next debt payment, due in the coming weeks. Now, the retailer’s chief executive has come up with a last-minute plan to …


Sears to close 46 unprofitable stores in November

Sears Holdings Corp. continues to clean house, announcing plans to shutter an additional 46 unprofitable stores in November.


UPDATED: Thu., May 31, 2018, 3:22 p.m.

Everything must go: After more closings, there will be 820 Sears and Kmart stores, down from 2,000

Sears, the struggling department store chain, said Thursday it would close another 72 Sears and Kmart stores as sales plummeted, continuing the decline of what was once the country’s largest …


UPDATED: Mon., May 14, 2018, 4:14 p.m.

Sears begins exploring sale of Kenmore, other divisions

Sears is considering selling its popular Kenmore appliance brand and other divisions after the hedge fund run by CEO Edward Lampert expressed interest in buying them and breaking up the …


Buy tires on Amazon, install them at Sears

Shoppers will be able to buy any brand of tires on Amazon.com, have them shipped to a Sears Auto Center and then bring in their car to get them installed.


UPDATED: Mon., April 23, 2018, 4:59 p.m.

Sears’ biggest shareholder offers to buy Kenmore brand

Sears’ biggest shareholder appears to be pushing for a breakup of the 125-year-old company that has survived two world wars and the Great Depression.


UPDATED: Thu., April 12, 2018, 5:28 p.m.

Sears closing its last Chicago store

Employees at the store at Six Corners in the Old Irving Park neighborhood were told of the closure Thursday morning.


Delta: Data of ‘several hundred thousand’ customers exposed

Delta now says that payment-card information for about “several hundred thousand” airline customers may have been exposed by a malware breach last fall that also hit Sears and other companies.