In an effort to bounce back from its recent bankruptcy filing and store closures, Sears unveiled a new tag line and logo. But many customers can't help but notice the fact that the logo is nearly identical to the one that belongs to Airbnb.
Sears unsecured creditors have filed a lawsuit against former CEO Eddie Lampert and other past board members for alleged thefts in the billions.
Judge Robert Drain officially approved the deal to save Sears with all remaining assets going to ESL Investments
Eddie Lampert's ESL Investments submitted a successful bid for Sears Holdings this week, which still needs court approval. But even if it goes through, is this the best path forward for Sears?
It's official. Sears Holdings has filed for Chapter 11 bankruptcy. In a statement Monday morning, the company also said that CEO Eddie Lampert would step down, effective immediately.
At a time when its stock price is now down under $1, Sears is set to introduce a new store concept in the suburbs of Chicago that it hopes can help jumpstart a turnaround.
Sears CEO Eddie Lampert recently pointed to the company's expensive pension program as the crux of its financial problems. He's not wrong, but he's also not telling the full story.
After a soft launch earlier this year, Sears and Amazon will complete a nationwide roll out of their tire installation program.