Sears’ Implosion Proves You Can’t Neglect Stores Even In The Amazon Era
by MR Magazine Staff
Jan 09, 2019
The end to Sears’ long downward spiral could be nigh. On Tuesday, Reuters reported that the bankrupt retail conglomerate would ask a federal judge for permission to liquidate after failing to reach an agreement on chairman Edward Lampert’s $4.4 billion takeover bid to keep it going as a smaller company, signaling the strong possibility of a likely ignominious end to the iconic Sears and Kmart chains, the two largest U.S. retailers only a generation ago. The Wall Street Journal later reported the court would hold a bankruptcy auction next week, conditional on Lampert submitting a deposit. Read more at Fortune.
