Sears Holdings

Sears To Close 96 More Stores

Transformco, which purchased substantially all of the assets of Sears Holdings Corporation in February 2019, is continuing to streamline its operations and will close an additional 96 Sears and Kmart stores.

Report: Sears Prepares For Layoffs, More Store Closings

The parent of Sears and Kmart is reportedly set to layoff 250 employees at its Hoffman Estates corporate headquarters and close more stores than previously expected, according to media reports.

Transform Holdco Makes Bid For Sears Hometown & Outlet Stores

Sears Hometown & Outlet Stores said it received a proposal on Friday, April 5, from Transform Holdco LLC, an entity affiliated with the company’s majority stockholder ESL Investments, Inc., to acquire all of the outstanding shares of the company’s common stock not already owned by ESL and its affiliates for a purchase price of $2.25 per share. 

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