Sears to Stay Open, After Edward Lampert Prevails in Bankruptcy Auction

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Sears to remain open after Chairman Edward Lampert wins bankruptcy auction, saving the struggling retailer from shutting remaining stores

 

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JoniHPetSitter Too late for us. Amazing that Sears has gone from the best to the worst just in my lifetime. So sad. They will never recover from this.

Delaying the inevitable

was at a mall where Sears is at . went to buy a shirt 2 cash registers opened on the 1st floor and both cashers where calling for help. lines 5 deep ! only registers opened . Might as well close !

Lampert can't quit his albatross.

hi

The longest death scene ever.

Yes, because replacing missing wings during a midair disaster always works.

Need to revamp or will never make it.

work on your customer service, the worst ever!!!

yeah but the KMart stores are closed, directly affecting me. It's great tho because you know capitalism and greed are great. a bunch of people made a bunch of money.

FundIACC with the assistance of EuropeanCommission and WorldBank by means of documents revealed the concealment by the anti-corruption bureau of Kazakhstan and Poland а smuggling Kazakhstan liquefied gas to Poland in the amount of 35 thousand tons and is preparing a court(Doc)

Oh good, they have the best private bathrooms in the world.

Will die

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Sears’ Edward Lampert sweetens his bid to keep stores open, source saysSears is teetering on the edge of liquidation. Some of the company's creditors feel it is worth more to them dead than alive. So Lampert runs an American institution into the ground, now wants to buy assets he devalued at pennys on the dollar, to enrich himself, after putting tens of thousands out of work. What a country. Poor Sears. Kind of sad that they're dying. But, for years, I've been going into their stores and like nobody is around, they've been ghost towns. It's almost like they gave up a long time ago.
Source: latimes - 🏆 11. / 82 Read more »

Creditors Say Edward Lampert Reaped Billions but Left Sears InsolventSears Chairman Edward Lampert and his hedge fund deployed stock buybacks, spinoffs and dividends to rake in billions of dollars while stripping the company of assets and cash, according to an investigation by the retailer’s creditors No shit Sears. A great business raped by a few to line their own pockets. They're criminals. SenWarren ... if this isn't illegal, it should be. That is disgusting!
Source: WSJ - 🏆 98. / 63 Read more »

Ex-Sears CEO Eddie Lampert orchestrated 'scheme' to 'steal' Sears, creditors allegeSears boss and investor Eddie Lampert orchestrated a 'multi-faceted scheme' to strip the company of assets, major creditors alleged. That is correct If true I hope he does time for it. Of course Eddie Lampert did. He began when he bought Sears. He has been stripping assets for years. It's been in the news for years.
Source: USATODAY - 🏆 100. / 63 Read more »

Eddie Lampert submits revised bid of roughly $5 billion in last-ditch effort to save SearsThis latest attempt comes one day after Lampert's initial $4.4 billion bid to save Sears was rejected by the company. WHY Tossing more money at it won’t help. It’ll only prolong the pain. They’ve had plenty of time to revitalize operations, and failed. The only successes was picking what was Sears apart. Anyone can do that. fail sears sad What is Sears worth ?
Source: CNBC - 🏆 12. / 72 Read more »