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Bankruptcy

ESL Disputes Unsecured Creditors’ Allegations

Many suppliers are seeking a return of goods sent to Sears immediately before it filed its Chapter 11…

40 More Sears Stores Set to Close in February 2019

The news comes in addition to the 142 Sears and Kmart stores the retailer said it would close by the end of…

Canadian Denim Retailer Jean Machine to Close After 42 Years

Jean Machine, a Canadian retailer with dozens of stores across Ontario, announced it will close all retail…

Sears Creditors Seeking Expedited Discovery for Lampert, ESL Deals

The unsecured creditors committee seeks court approval for an expedited discovery process.

Sears Inks $60M Deal for Home Improvement Business

The transaction is subject to better offers at an auction.

Out with the Old, In With the New as Malls Pivot From Sears

Mall owners say they're not victims in the Sears bankruptcy—not with the opportunity to transform the…

Sears’ Future: End Game Likely Sooner Than Later

A financial crunch early in the bankruptcy process could push Sears into liquidation mode.

Creditors’ Committee Formed in Sears Bankruptcy

The committee of unsecured creditors has nine members.

Time Getting More Critical in Sears Bankruptcy

Two key concerns are its finances and getting inventory to its stores.

What Consumers are Saying About Sears’ Downfall

Consumers from around the country react to Sears' bankruptcy filing and the announced closure of 142 more…

Impact of Sears Bankruptcy Reach Is Far and Wide

U.S. Treasury Secretary Steven Mnuchin was asked to confirm PBGC recusal on Sears.

How Sears’ Supply Chain Will Fare in its Fall

As Sears works its way through bankruptcy proceedings, the question now is: What happens to its suppliers…

David’s Bridal Weighs Options After Missing Interest Payment

The retailer misses a key loan payment, stirring worries of bankruptcy.

Is the Potential Demise of Sears an Asset or Albatross for J.C. Penney?

With Sears in Chapter 11, J.C. Penney has a chance to turn things around, but will the downfall of its rival…

Sears Gets DIP Approval to Continue Operations

The financing will allow Sears to restock store shelves at its Sears and Kmart stores.