Goodbye Sears |
While a move to Chapter 7 bankruptcy isn't out of the question, it is in Eddie Lampert's best interest in keeping both Kmart and Sears alive. He has given too much of his personal fiancees and time to see the brands come to a sudden end. While he is no longer in charge at Sears Holdings, there are plenty of indications that he and/or his company ESL plans to be a bidder to buy around 400 Sears and Kmart locations that are the most profitable remaining and keep these 400 or so locations open. At the time of declaring bankruptcy, Sears had around 800 stores.