Sears Advised To Close All Remaining Stores

According to Business Insider, creditors are urging Sears to shut down all of its remaining stores. Sears has proposed cutting its store count to 400, then selling the associated real estate to raise cash while it makes a comeback. However, creditors say the plan is"an unjustified and foolhardy gamble with other people's money.” Sears had around 687 stores when it filed for Chapter 11 bankruptcy last month.

Morris Knight

Morris Knight

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