Sears Will Stay In Business After 11th-Hour Deal

On a day when Sears was preparing to go out of business for good, and 11th-hour deal will keep the retailer’s doors open for now. On Tuesday, Sears announced it it had accepted a bid of $4.4 billion from its chairman Eddie Lampert that will keep 425 Sears and Kmart stores open.   The company filed for bankruptcy last October and was reportedly preparing to liquidate and shut down completely before accepting Lampert’s offer.  About 50,000 employees will keep their jobs with the deal.

Do you still prefer brick-and-mortar shopping or do you handle everything online?

SHARE

RELATED CONTENT

First Spring Equinox Super Moon in 20 Years Lucky Charms Does Marshmallow Contest Again Guy Threw Pancake Batter and Got Arrested for Battery Would You Try This McDonald’s Menu Item? Gucci Is Selling $870 Sneakers That Purposely Look Filthy Taco Bell Hot Sauce Saved Another Life
Comments