Sears Chairman Makes Bid to Buy 500 Stores, Save Brand
In this episode of Retail Right Now, Total Retail's Caitlin Sullivan and Joe Keenan discuss the bid from Sears Chairman and former CEO Eddie Lampert's company ESL Investments to purchase 500 of the retail chain's stores for $4.6..
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    Sears Chairman Makes Bid to Buy 500 Stores, Save Brand

    In this episode of Retail Right Now, Total Retail's Caitlin Sullivan and Joe Keenan discuss the bid from Sears Chairman and former CEO Eddie Lampert's company ESL Investments to purchase 500 of the retail chain's stores for $4.6 billion. This offer comes as a last-ditch effort to save the brand from potential liquidation, but may not be enough to recover from years of decline. Sears has struggled to stay profitable, closing hundreds of stores and most recently filing for bankruptcy in October.

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