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Sears Holdings

Sears receives $4.4 billion bid to rescue the company from bankruptcy. Sears Holdings gets bid for substantially all of its assets, including 425 stores, which it says is valued at $4.4 billion. The bid came from an affiliate of the hedge fund controlled by Sears Chairman Eddie Lampert hours after Sears announced that it would close 80 more Sears and Kmart locations in late March. The long-embattled retailer, which filed for Chapter 11 bankruptcy protection in October, had already announced the closing of 143 locations by the end of the year and another 40 Sears and Kmart stores set to close in February 2019. Ref. USAToday.

Holdings Sears

Sears isn’t dead yet: Chairman gets another day to save company from liquidation. The announcement comes after a bankruptcy hearing on Tuesday. Ref. USAToday.

Sears Holdings History & Civil Business Politics

Another one of the great companies from my day that many would go to shop for their household items. I remember the Sears catalog was a big deal. My wife loved to go through its pages.