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Sears has closed hundreds of stores after exiting bankruptcy in February 2019. The company operated just 182 Sears and Kmart stores at the end of February, down from 400 a year earlier and 1,000 ...
Sears Holdings also has a large services business, which is probably still profitable. However, this revenue stream is quickly drying up as the company shrinks.
It says it intends to stay in business. If Sears' plan to survive the bankruptcy process is successful, it will have 223 Sears stores and 202 Kmart stores.
Sears is best known as a seller of things like tools and appliances, where some value might still be gleaned as well. “The parts of the business that worked, such as it is was, are the hard-line ...
As recently as five years ago there were 91 Sears-branded stores in 14 states spread primarily across the middle of the country. A year ago there were still 46 stores in those states -- mostly ...
The corporate husk of the old Sears is still trying, and struggling, to pay its bills in Chapter 11, more than two years after Eddie Lampert acquired the remaining Sears and Kmart stores from the ...
It says it intends to stay in business. If Sears' plan to survive the bankruptcy process is successful, it will have 223 Sears stores and 202 Kmart stores.
Sears filed for bankruptcy a year ago today. And while the company used that process to shed debt, get out of store leases it didn’t want and dodge liquidation, the last 12 months have hardly ...
Sears reached an 11th-hour deal Tuesday to remain open -- at least for now. Attorneys for Sears said they had reached an acceptable agreement with a hedge fund controlled by Eddie Lampert, the ...
The Rice Street Sears store in St. Paul is years away from development, but that doesn’t mean the site is lying dormant. Instead, the owners of the vacant department store near the Capitol are trying ...
PrevNext By: Chris Isidore, CNN Business Posted at 8:14 AM, Jan 06, 2019 and last updated2019-01-06 08:39:38-05 ...