Sears Holdings officials acknowledged Edward Lampert’s winning bid for the company, subject to bankruptcy court approval.
In a preliminary update on the holiday season, J.C. Penney revealed that its comparable store sales declined. The department store retailer also said it would close three stores and signaled that more store closings could be on the way as it reviews its strategies and store portfolio.
Published reports indicated that Sears Holdings plans to ask a bankruptcy court judge to allow the retailer to move ahead with liquidation plans.
In the spirit of “Giving Tuesday,” Kohl’s said it will award $3.2 million in grants to more than 300 nonprofit organizations across the country that work to improve the health and wellness of children and families as part of its national giving program, which is an extension of the company’s ongoing commitment to health and wellness.