Although current Sears shareholders have lost almost their entire investment, tens of thousands of employees have lost their jobs, and creditors — including the U.S. government — and others are owed $11 billion, Lampert has still made nearly $1.4 billion to date from his Sears investment, a number that hasRead More →
PUBLISHED: September 21, 2021 at 7:48 p.m. | UPDATED: September 22, 2021 at 2:48 p.m. Sears, once the nation’s top retailer and its largest employer, continues its slide into obsolescence with pending store closures in Pasadena and Downey — a move that will leave just two Sears locations in SouthernRead More →
Sears and Kmart have closed more than 3,500 stores and cut about 250,000 jobs in the past 15 years. After the new closings, it appears there will be 19 Sears department stores and 15 Kmart stores remaining. Are there anymore kmarts left? Kmart initially filed for Chapter 11 bankruptcy onRead More →
The Pasadena and Downey closures will leave just four California stores in Burbank, Whittier, Concord and Stockton, according to the Sears website. Are any Sears stores still open? There currently are 300 Sears and Kmart stores still open in the US, down from nearly 700 in October 2018, when SearsRead More →