Sears

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Flash Report | November 28, 2018 Register for Free Access

Sears Files for Chapter 11 Bankruptcy Protection

On Monday, October 15, Sears Holdings filed for Chapter 11 bankruptcy protection in the US Bankruptcy Court for the Southern District of New York.  Sears Holdings said that it plans to reorganize around a smaller store platform of EBITDA-positive stores, and will close 142 unprofitable stores toward the end of the year; this is in…

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