As part of Sears Holdings’ processes to facilitate its financial restructuring, the company informed employees at 80 stores that the locations will be shutting down.
Sears Holdings Files For Voluntary Chapter 11; Initiates Processes To Facilitate Financial Restructuring
In a move to streamline its operating model and grow profitably for the long-term, Sears and some its subsidiaries have filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code.
After teaming up with Amazon.com in May, Sears Auto Center has expanded its ship-to-store tire installation program nationwide with the tech giant.
If you were to describe a company in its second decade of operation, wildly profitable and dominating the in-delivery retail space, most people would assume that you’re talking about Amazon. And while Amazon certainly fits that description, if you go back a century, you’d find another company with an almost uncanny similarity to the modern
Sears Holdings expects to generate $2.5 billion from the sale of 254 properties to a real estate investment trust, the company’s chairman and CEO Eddie Lampert announced during its annual shareholders meeting. With this sale, Lampert announced numerous potential changes at Sears and K-mart stores that will “put to rest a lot of the doubters