Sears Will Close Another 100 Stores Amid Failed Turnaround
A new report by The Wall Street Journal indicates about 100 of the 425 Sears and Kmart stores that financier Edward Lampert acquired out of bankruptcy are set to close by year-end.
Lampert, who was chairman and chief executive of parent Sears Holdings Corp., decided in late 2018 to file for bankruptcy protection.
Lampert provided the parent company with numerous financing deals, one was upwards of $2.4 billion, to...
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