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Sears

TheWorldNewsOrg

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just raised $100 million and is working to refinance more than $1 billion in debt. The parent of Kmart and Sears is also pursuing an additional $200 million in funding and plans to shave off $200 million in costs. If those efforts aren’t successful, says CEO Eddie Lampert, the company is willing to explore “all other options” to strengthen its balance sheet. One of numerous brick-and-mortar retailers hit by the “retailpocalypse,” Sears closed multiple stores in 2017 and announced even more just last week



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Sears is closing 72 more stores. The company was once the largest retailer in the U.S.  Here's why the company is fighting to stay alive. 

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Sears chairman Eddie Lampert's hedge fund, ESL Investments, offered to buy the rest of the bankrupt company in a deal valued at $4.6 billion.

What is up with this guy?

Earlier news:

 

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