Stories tagged: sears
UPDATED: Fri., Feb. 15, 2019, 6:42 p.m.
In some ways, the “new” Sears has a lot in common with the company that filed for bankruptcy protection in October.
Thu., Feb. 7, 2019, 5:09 p.m.
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.
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 …
Fri., Jan. 18, 2019, 11:38 a.m.
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.
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 …
Tue., Jan. 15, 2019
General Electric and Sears have fallen on hard times, and that tells us a lot about U.S capitalism.
Sun., Jan. 13, 2019
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’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 after its chairman and largest shareholder revises his bid to save the retailer.
Sat., Dec. 29, 2018, 12:56 p.m.
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.
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 …
Mon., Dec. 10, 2018, 5:31 p.m.
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.
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 …
Thu., Nov. 22, 2018, 3:30 a.m.
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 …
Sun., Nov. 18, 2018
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.
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 Employees Federal Credit Union is merging with another local credit union.
Tue., Oct. 16, 2018
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.
Mon., Oct. 15, 2018, 8:15 a.m.
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 …
Sun., Oct. 14, 2018, 10:51 p.m.
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.
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 …
Mon., Sept. 24, 2018, 11:15 a.m.
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 …
Thu., Aug. 23, 2018, 11:49 a.m.
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.
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 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 …
Wed., May 9, 2018, 10:35 a.m.
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 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.
Employees at the store at Six Corners in the Old Irving Park neighborhood were told of the closure Thursday morning.
Thu., April 5, 2018, 4:15 p.m.
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.