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 ...

There currently are 300 Sears and Kmart stores still open in the US, down from nearly 700 in October 2018, when Sears declared bankruptcy. At its peak, the company operated more than 3,000 stores.

Sears filed for bankruptcy in October, but said it hoped to be able use the process to stay in business. Lampert's bid said he plans to offer jobs to 50,000 Sears and Kmart employees.

Sears would not comment on specific reasons for the closings. But the starkest sign of doubt about the company's future is that it has been without a CEO for the last 12 months.

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.

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 ...

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.