Sears explores bankruptcy filing even as CEO scrambles to avoid it

Sears Holdings is preparing for a possible bankruptcy even as CEO Edward Lampert continues his push to shrink the once-dominant retailer back to profitability. Sears has hired advisers to prepare a possible bankruptcy filing that could come as early as this week, according to the Wall Street Journal. The move comes as the struggling chain faces a Monday deadline to make a $134 million debt payment. Lampert’s efforts to keep Sears out of bankruptcy have […]

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