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Last Sears in NY area shutting down, just 12 stores remain of world's once-biggest retailer
The last-standing Sears in the New York area is shutting down, bringing the 138-year-old department store's US footprint down to a measly dozen locations. At its peak as the world's...
Sears out of bankruptcy with a handful of stores left
Sears Holdings has emerged from bankruptcy after more than 10,000 court filings and a four-year stay that saw the department store chain shrink from almost 700 stores to less than two...
Sears poised to finally exit bankruptcy
The settlement is “a pittance."
Why Chris Bassitt's 2022 deal was good for the Mets
It's good the Mets reached a 2022 deal worth $8.8 million with Chris Bassitt who looks like a personality fit for New York.
Sears, Kmart pull shirts that called Capitol rioter an 'American Patriot'
Retailers Kmart and Sears have taken down T-shirts that were available for sale on their websites that called Ashli Babbitt an "American Patriot."
Former Sears stores reportedly turned into COVID-19 vaccine sites
Out with the lawn mowers, in with the needles. Health officials have turned closed Sears stores into coronavirus vaccine centers as they work to inoculate the American public, a new...
Kmart to close Penn Station location in May
The Kmart at Penn Station will be closing for good on May 4 after a 24-year run. Some 160 employees will lose their jobs at the four-level megastore located at...
Eddie Lampert helps bankroll Sears as woes persist after bankruptcy
Sears has borrowed about $150 million from lenders, including its billionaire owner, Eddie Lampert, as it racks up losses less than a year after it emerged from bankruptcy protection, people...
Sears vendors press judge for liquidation
Dozens of Sears vendors are calling for a bankruptcy judge to convert the retailer’s Chapter 11 into a liquidation — a last-ditch bid to keep its dwindling assets out of...
Sears is getting sucked dry by pricey lawyers and bankers
Surprise, surprise: Fancy lawyers are making a fortune off the Sears bankruptcy — and mom-and-pop suppliers are getting stiffed. An angry group of creditors claims that white-shoe law firms and...
Sears' bankruptcy has burned thousands of vendors worldwide
If you think shopping at Sears can be sad these days, it’s nothing compared to doing business with the struggling chain. Michelle Chan — whose Hong Kong-based company Mien Co....
AOC, Elizabeth Warren grill Mnuchin for role in Sears bankruptcy
Rep. Alexandria Ocasio-Cortez joined forces with Sen. Elizabeth Warren to challenge Treasury Secretary Steve Mnuchin over his role in the bankruptcy of Sears that resulted in thousands of workers being...
Sears accuses Eddie Lampert of looting the company
Sears filed an explosive lawsuit against Eddie Lampert on Thursday, accusing the hedge-fund billionaire of looting the retailer’s prize assets even as he ran it into the ground. In a...
Sears will open batch of small stores on Memorial Day weekend
After its journey through bankruptcy, Sears is getting ready to open its first batch of smaller stores focusing on appliances, mattresses and home services. The first three stores called Sears...
Judge advises Lampert's firm to pay back millions swiped from Sears
A judge has “strongly” advised Eddie Lampert's hedge fund, which bought Sears out of bankruptcy last month, to hand over millions of dollars to the old Sears. At a Thursday...
Eddie Lampert's hedge fund took $57.5M from Sears: court docs
Sears claims Eddie Lampert swiped $57.5 million from its coffers — and it wants its money back. The iconic retail chain alleges that the secretive billionaire’s hedge fund ESL Investments,...
Stanley Black & Decker sues Sears over Craftsman brand
Sears emerged from bankruptcy barely a month ago — and owner Eddie Lampert is already making it new enemies. Stanley Black & Decker sued Sears this week for launching a...
Eddie Lampert steps down as chairman of Sears
Call it musical board chairs. Eddie Lampert resigned as chairman of Sears Holdings and took the helm of the board at Transform Holdco, the holding company that scooped Sears out...
Eddie Lampert hints Sears could eventually go public again
Sears Holdings Corp. will sell or sublease some of the 425 stores of the retail chain and open smaller stores with more focus on tools and appliances than on apparel,...
Sears may struggle to find CEO with Eddie Lampert in charge
WANTED: A CEO to head up an antiquated department store chain owned by a micro-managing hedge fund boss who nearly ran the company into the ground. Less than a week...