The last-ditch effort to revive Sears

Memo to Sears: It’s time to throw in the towel. A group of Sears creditors is urging the 125-year-old bankrupt retailer to forget about saving a few hundred of its stores — and instead shutter the chain for good. It’s “nothing more than wishful thinking” to keep Sears alive, the creditors said in a late-Friday…
Business | New York Post

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Eddie Lampert’s hedge fund claims no ‘windfall’ from Sears demise

Think billionaire Eddie Lampert made a bundle off Sears’ demise? “Nothing could be further from reality.” That’s according to testily written court papers filed on Friday by Lampert’s hedge fund ESL Investments, which fired back at accusations that its deals to siphon off Sears assets over the past decade — from department stores to the…
Business | New York Post

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Sears to shut 40 more stores early next year

The new store closures are in addition to the 142 stores Sears is already expected to close toward the end of 2018.
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Eddie Lampert destroyed Sears — and his reputation as a financial genius

It’s been a long, strange trip to bankruptcy court for Sears — and you can thank a brilliant, reclusive and woefully misguided hedge-fund manager for the ride. The 125-year-old retailer — for decades one of the nation’s iconic corporations, selling everything from TVs to dresses to riding mowers — filed for bankruptcy early Monday, as…
Business | New York Post

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