Sears survives bankruptcy auction with bid from former CEO, but doubts about its future remain
by Lauren Zumbach, Chicago Tribune
Jan 16, 2019
3 minutes
Sears Chairman Edward Lampert appears to have pulled off his bid to rescue the bankrupt retailer from liquidation.
It's good news for employees at the stores that could remain in business and for still-loyal shoppers. But it remains to be seen whether the retailer's latest lifeline from its former CEO buys the time needed to finally pull off a turnaround.
Lampert, who stepped down as CEO when the company filed for bankruptcy protection in October, has been trying to right the ship at Sears for years. Meanwhile, competition
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