Report: Sears Wins Court Approval To Stay Open, Seek Sale

Sears Holdings’ plans to stay in business while looking for a possible buyer was approved by a U.S. Bankruptcy Court on Thursday, November 15, despite objections by some creditors, according to a report by Reuters.

Turn Sears Sadness Into Opportunity

Shed a tear for Sears Holdings if you must. Despite any flicker of post-Chapter 11 hope Eddie Lampert tries to peddle, all that seems left of this story— even if in some way the Sears and Kmart brands are salvaged or reincarnated— is for the plug to be pulled on what is left of the business as we know it and the remnants of its assets to be redistributed.

Sears Loss Doubles In Q2

Although the company touted an improvement in comparable store sales trends, Sears Holdings continued to post comp declines in the second quarter despite substantial under-performing store closures, even as company losses increased substantially.

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