Sears Files For Bankruptcy; To Close 142 Stores
PYMNTS
OCTOBER 15, 2018
The bankruptcy filing is the culmination of years of effort on the part of Sears and chief executive officer Eddie Lampert to turn the company the billionaire acquired in 2004 around. Lampert had long vowed to bring Sears back to the days when it was a leading retailer, but his efforts failed to take off with consumers.
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