Sears filed for bankruptcy a year ago today. And while the company used the process to shed debt, get out of store leases it didn't want and dodge liquidation, the last 12 months have hardly been a success.
The remains of defunct Sears Holdings is suing Eddie Lampert, the man who was its previous CEO and primary shareholder, alleging he improperly stripped the company of assets as it hurdled toward bankruptcy.
Sears is saved. For now.
Sears lives.
The next week could determine whether Sears, once the nation's largest and most important retailer, lives or dies.
If Sears emerges from bankruptcy this month, the company will probably close dozens more stores by the end of the year.
The feds have chosen a side in the fight to save Sears.
No matter what happens in bankruptcy court, Sears faces a grim future. So why is chairman Eddie Lampert fighting so hard to keep it alive?
Sears' creditors are waiting to learn how much money they'll recoup from its bankruptcy case. The only thing that's certain: Whatever they get will be reduced by the tens of millions because of legal and other professional fees that are already mounting in the case.
Sears creditors are still trying to stop chairman Eddie Lampert from buying the beleaguered retailer.
Eddie Lampert's plan to save Sears cost an extra $200 million before it became official.
Sears reached an 11th-hour deal Tuesday to remain open -- at least for now.
Even if Sears survives bankruptcy, there will be a wide swath of America that no longer has any of its stores.
Will Sears survive? The world will probably know within a few weeks.
Sears continues its struggle to survive.
Sears is nearing a crucial deadline that could determine whether it survives.
Sears has reached a critical moment in its fight for survival.
Sears Chairman Eddie Lampert wants to buy stores and assets to keep the company alive.
Sears is running out of time to fix its problems, the CEO says.
The latest news from Sears was hardly worth the wait.
Eddie Lampert, the CEO and majority shareholder of Sears, has put a price tag on how much he's willing to pay his company to buy its Kenmore appliance brand: $400 million.
Sears has been part of Chicago for more than a century. That ends Sunday.
Sears will close at least 63 more stores as sales plunge and losses mount.
Sears' CEO and majority owner Eddie Lampert is offering to buy the Kenmore brand and some other assets from the troubled retailer.
