Sears Holdings Corp

Sears sues former chairman Eddie Lampert

By ANNE D'INNOCENZIOApril 18, 2019 GMT

NEW YORK (AP) — Sears Holdings Corp. is suing its former chairman and largest shareholder Eddie Lampert, alleging the billionaire stripped the once iconic company of more than $2 billion in assets...

Sears burns cash while betting on loans for survival

Eliza Ronalds-Hannon and Allison McNeelyOctober 19, 2018 GMT

Fast-dwindling cash is casting doubt on whether Sears Holdings Corp. can firm up its survival plan in time to avoid liquidation.

Sears is expected to bleed $220 million in just the first month of its bankruptcy, court filings show, cutting deep into the $300 million loan it secured this week from senior lenders.

Sears stops selling Whirlpool, ending 100-year partnership

Lisa Wolfson and Jonathan RoederOctober 24, 2017 GMT

After a centurylong history together, Sears Holdings Corp. will stop sales of Whirlpool products after the companies couldn’t agree on pricing terms.

The retailer will no longer carry Whirlpool brands, including Maytag, KitchenAid and Jenn-Air effective immediately, Sears said in an employee memo last week that was provided to Bloomberg Tuesday.

Hard times for Sears as retailer notes doubt about future

By ANNE D'INNOCENZIO and HANNAH WEIKELMarch 22, 2017 GMT

NEW YORK (AP) — Sears, a back-to-school shopping destination for generations of kids, has said that after years of losing money that there is "substantial doubt" it will be able to keep its doors open.