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News Stories (8 Results) - Sears Holdings

Sears Holdings is suing its former CEO and would-be savior Eddie Lampert for allegedly offloading company real estate to finance his own purchase of Sears' assets at the expense of creditors.According to multiple media reports, the complaint named... Read Story
April 19, 2019, 09:15 AM

With the clock ticking down on a deadline to make a bid to save storied retailer Sears from liquidation, Sears Holdings Chairman Eddie Lampert made an offer on Friday to buy the company out of bankruptcy for $4.4 billion and keep more than 400 retail... Read Story
January 02, 2019, 08:00 AM

Sears Holdings said it will incur charges of approximately $443 million, including $81 million in markdowns, $9 million in severance costs, $335 million in lease termination costs, $12 million in other charges, and $6 million in depreciation, in the... Read Story
December 26, 2018, 08:16 AM

Great American Capital Partners has joined a group of lenders to add $350 million in new financing for Sears Holdings in an effort to bring the struggling retailer through the holiday season. According to press reports citing sources close to the... Read Story
November 15, 2018, 09:00 AM

Sears Holdings Corporation announced that Alan J. Carr, Managing Member and CEO of Drivetrain, LLC, has joined the Board of Directors, raising the specter of a possible bankruptcy filing on the horizon. The news comes as the retailer is reportedly... Read Story
October 11, 2018, 08:00 AM

Sears Holdings announced that is it closing 63 stores amid rising debt, a portion of which was used to support its pension fund.  The company is closing 15 Kmart stores and 48 Sears stores, it said, identifying the stores in a press release issued on... Read Story
June 04, 2018, 08:12 AM

Sears Holdings Corporation announced that it delivered meaningful improvement in operating performance for the fourth quarter of 2016, and outlined important actions to drive profitability. These include steps to enhance the Company's liquidity and... Read Story
February 10, 2017, 08:05 AM

Sears Holdings announced the company will close 68 Kmart and 10 Sears stores this summer. In February, the company said that it would accelerate the closing of unprofitable stores. Today's announcement follows a comprehensive evaluation of the... Read Story
April 22, 2016, 08:03 AM