Sears

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Rebekah Sager
November 08, 2019 - 3:57 pm
By February of 2020, the parent company that owns Sears and Kmart will close 96 stores across the country, and several of them are in California. In all, 28 Sears and Kmart locations are scheduled to close in the state, according to a press release. "We will endeavor to create and deliver value...
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Getty
February 07, 2019 - 1:37 pm
NEW YORK (AP) - A bankruptcy judge has blessed a $5.2 billion plan by Sears chairman and biggest shareholder Eddie Lampert to keep the iconic business going. The approval means roughly 425 stores and 45,000 jobs will be preserved. Lampert's bid through his ESL hedge fund overcame opposition from a...
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Getty
December 28, 2018 - 4:02 pm
BURBANK (CNS) - A Kmart store in Burbank is one of 80 locations that will be shuttered by Sears Holdings, which is teetering on the brink of liquidation amid bankruptcy proceedings, the company announced today. The store at 1000 San Fernando Road is expected to be closed by late March 2019, along...
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AP
October 15, 2018 - 7:53 am
NEW YORK (AP) — Sears filed for Chapter 11 bankruptcy protection Monday, buckling under its massive debt load and staggering losses. The question now is whether a smaller version of the company that once towered over the American retail landscape can remain viable or whether the iconic brand will...
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