Sears Files For Bankruptcy Protection, Lampert Steps Down As CEO

in sears •  6 years ago  (edited)

An American retail icon filed for bankruptcy.

After yeras of speculation due to declining sales and massive debt, Sears filed for bankruptcy after missing a debt payment on Monday.

The retailer was able to secure $300M in funding to enable operations through the end of the year. In that time, it is expected that remaining assets will be sold off.

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sears bankruptcy retail lampert notoriginalcontent
6 years ago by

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      ·  6 years ago 

    Damn first Toys R us now Sears...

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