The Sears department store at Sierra Vista Mall could soon fade into history, according to a report Friday in the Los Angeles Times. The Clovis mall is home to the once-dominant retailer's last surviving "full line" store in a Valley region stretching from Bakersfield to Manteca. And, it's among 10...
Sears Staves Off Liquidation, Stores to Remain Open
NEW YORK — Sears will live on — at least for now. The company's chairman and largest shareholder, Eddie Lampert, won a bankruptcy auction for Sears, averting liquidation of the iconic chain, according to a source familiar with the negotiations. The person agreed to speak on condition of anonymity because...
Sears Files for Chapter 11 Amid Plunging Sales, Massive Debt
NEW YORK — Sears filed for Chapter 11 bankruptcy protection Monday, with plans to shutter 142 unprofitable stores in the hopes that it can stay in business. The question now is whether a smaller version of the company that once towered over the American retail landscape can be viable. Sears,...