Transform Holdco, the corporate shaped in January to purchase the remaining belongings of bankrupt retailer Sears Holdings Corp., stated it’ll start “liquidation sales” this week in 26 stores that may shut in late October. The large-format retailer closures embrace 21 Sears stores in 15 states and 5 Kmart stores in three states and Puerto Rico. […]
NEW YORK (Reuters) – A U.S. agency that insures employee pensions sought permission on Friday to take over two underfunded Sears Holdings Corp pension plans, after objecting to Sears Chairman Eddie Lampert’s proposed $5.2 billion buyout of the bankrupt retailer. FILE PHOTO: A dismantled signal sits leaning outdoors a Sears division retailer at some point […]
Time might be operating out for Sears Holding Corp., however in the meantime the bankrupt retailer continues to announce store closures. Sears SHLDQ, -2.24% will shutter 80 shops […]
Can Eddie Lampert save Sears? Probably not, say most specialists, regardless of years of maneuvers and machinations to maintain the storied retailer afloat. Long a mainstay of the U.S. retail panorama, Sears is nonetheless struggling large losses and declining gross sales, and lots of consider its solely hope is a chapter submitting. The twist within […]
Bruce Berkowitz‘s funding agency Fairholme Capital has filed an amended 13D relating to shares of Sears Canada (SRSC). Per the submitting, Berkowitz now owns 18.7% of SRSC with simply over 19 million shares. This is a lower of over 2.39 million shares because the finish of July when Fairholme reported proudly owning over 21.43 million […]
; The bear case right here has lengthy been that SRG would get too many SHLD places “dumped” on them by SHLD and this is able to overwhelm […] SOURCE: ValuePlays – Read whole story here.