• Sears soars 36% - one day after filing for bankruptcy

    1 month ago - By Business Insider

    Sears Holdings filed for Chapter 11 bankruptcy on Monday.
    The retailer received approval on Tuesday to access a $300 million loan to keep it afloat during bankruptcy.
    Shares spiked as much as 124% Tuesday before paring their gains and finishing up almost 36%.
    Watch Sears trade in real time here .
    Sears Holdings soared as much as 124% - one day after filing for bankruptcy - as the embattled retailer received approval to access a $300 million loan to keep it afloat during bankruptcy. After paring its gains, the stock finished up nearly 36% at $0.42 a share.
    "The Court's approval of our First...
    Read more ...

     

  • Sears soars 36% - one day after filing for bankruptcy

    Sears soars 36% - one day after filing for bankruptcy

    1 month ago - By Business Insider

    Sears Holdings filed for Chapter 11 bankruptcy on Monday.
    The retailer received approval on Tuesday to access a $300 million loan to keep it afloat during bankruptcy.
    Shares spiked as much as 124% Tuesday before paring their gains and finishing up almost 36%.
    Watch Sears trade in real time here .
    Sears Holdings soared as much as 124% - one day after filing for bankruptcy - as the embattled retailer received approval to access a $300 million loan to keep it afloat during bankruptcy. After paring its gains, the stock finished up nearly 36% at $0.42 a share.
    "The Court's approval of our First...
    Read more ...

     

  • 'There were mistakes along the way, for which I take responsibility': Eddie Lampert reportedly addresses Sears employees day after bankruptcy filing

    'There were mistakes along the way, for which I take responsibility': Eddie Lampert reportedly addresses Sears employees day after bankruptcy filing

    1 month ago - By Business Insider

    Sears chairman Eddie Lampert reportedly took responsibility for some of the retailer's mistakes during a town hall meeting with 1,000 Sears employees on Tuesday, according to audio obtained by CNBC .
    The department-store chain has been losing money and closing stores for years. Many employees and analysts blame Lampert for the retailer's decline, accusing him of failing to invest in stores.
    In the past, Lampert has blamed the company's decline on the media , shifts in consumer spending and the rise of e-commerce.
    Read more ...