Tuesday, October 15, 2019

Sears Hasn’t Fared Better After Bankruptcy as Another 100 Stores Will Soon Close

The Wall Street Journal
Sears’s bankruptcy filing was supposed to give the troubled retailer a fresh start. But a year later, the chain is still struggling with many of the same problems it faced before it sought court protection.

Roughly a quarter of the 425 Sears and Kmart stores that financier Edward Lampert bought out of bankruptcy have closed or are closing, according to people familiar with the situation, a retreat the chains haven’t fully disclosed.. . . more