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January 17, 2019

Shrunken Sears lives on, with 400 stores

  • The plan is not a done deal and must be approved at a hearing on February 1 by a bankruptcy judge.
  • By ANNE D'INNOCENZIO
    AP Retail Writer

    NEW YORK — Sears will live on — at least for now.

    The company's chairman and largest shareholder, Eddie Lampert, won a bankruptcy auction for Sears, averting liquidation of the iconic chain, according to a source familiar with the negotiations. The person agreed to speak on condition of anonymity because they were not authorized to discuss the negotiation publicly.


     
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