Sears to stay open: Reports

Eddie Lampert has won the Sears bankruptcy auction, sparing the chain from going out of business. I still think it's only a matter of time before Sears is forced to liquidate, but today's events got me thinking: What can it do to hang on just a little longer? Here are my three ideas. What are yours? https://lnkd.in/erJKmqj

Sears gets another stay of execution - Sears chairman and former CEO Eddie Lampert is winning bidder in bankruptcy auction of its assets. Lampert is the only one with a bid that would keep about 425 stores open. But his win still needs OK of bankruptcy judge and even emerging from bankruptcy doesn't assure the company will survive long term. RadioShack also emerged from bankruptcy shortly before its death. https://lnkd.in/ep_sZwW

Absolutely nuts.

Sears To Stay Open For Now: Reports https://bit.ly/2QPeLnT

Sears chairman prevails in bankruptcy auction Sears Holdings Corp. Chairman Eddie Lampert prevailed in a bankruptcy auction for the U.S. department store chain with an improved takeover bid of roughly $5.2 billion, allowing the 126-year-old retailer to keep its doors open, people familiar with the matter said Wednesday. [Reuters]

Investment is key to create an in store experience for the long term. Sears chairman reportedly prevails in bankruptcy auction for retailer with $5.2 billion bid -

45,000 Sears jobs saved for now!!!!! Sears Chairman Eddie Lampert has prevailed in a bankruptcy auction for the 126-year-old retailer with an improved takeover bid of roughly $5.2B, according to Reuters. The proposal, made through his hedge fund ESL Investments, will save up to 45,000 jobs and keep 425 Sears stores open across the U.S. There still remains a chance the deal could fall apart, as it must be documented and approved by a U.S. bankruptcy judge.