Sears Bankruptcy

Report: Sears Holdings To Consider Revised Lampert Bid

Sears Holdings will consider a revised takeover bid from its chairman Edward Lampert just hours after it appeared that the venerable retailer was headed for liquidation, Reuters reported Tuesday afternoon.

Report: Sears Holdings Bankruptcy A Possibility

As Sears Holdings continues working to overcome slumping sales at its Sears and Kmart stores, the company is facing the possibility of a bankruptcy filing within one to two years, has reported, citing information from Fitch Ratings.