Embattled US department-store icon to open three new-format stores.
US bankruptcy court judge approves department store chair’s offer.
Retailers to undergo some restructuring as they attempt to figure out why the strategies that used to bring in sales just don’t any more.
Eddie Lampert’s last-minute bid to save 45,000 jobs.
Amazon’s Whole Foods unit eyes old Sears, Kmart sites for expansion.
Chairman’s revised offers considered best path forward.
The bid failed to cover fees and vendor payments, according to sources close to the process.
Lampert’s final efforts to save the retailer is set to terminate on Friday afternoon.
Liquidation sales are expected to begin in early January.
The charges relate to markdowns, severance costs and lease termination costs.