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Sears owner gets $250 million lifeline

Sears owner gets $250 million lifeline

Sears has secured a $250 million lifeline from lenders that include billionaire owner Eddie Lampert. The financing, in additional to planned store closures, reflect the continued difficulties Lampert has had in his attempt to return Sears to its glory days. Starting in December, Sears will close 96 stores, leaving the retailer with 182 locations.

Sabrina Morris
Sabrina Morris 8 months

Sears died when they closed the money making Canadian stores to try to keep the poor preforming American stores that were lossing money open.

Gordon 8 months

What sucker agreed to loan them any money?

Grand Ol Propaganda
Grand Ol Propaganda 8 months

This brand is dead.

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