Comment on Sears’ fate on line in bankruptcy sale

Sears’ fate on line in bankruptcy sale

In its 126-year history, Sears grew to become the country’s biggest retailer and outlasted Chicago competitors like Carson Pirie Scott, Montgomery Ward and Wieboldt’s. Its future now hinges on a bankruptcy auction scheduled to start today. Edward Lampert, chairman and former CEO of Hoffman Estates-based Sears Holdings Corp., is trying to buy the retailer with a plan to keep it in business and keep up to 50,000 workers employed.

 

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