Comment on Sears files for bankruptcy as Lampert steps down as CEO

Sears files for bankruptcy as Lampert steps down as CEO

Sears, which has stores anchoring four Hawaii shopping malls, has filed for Chapter 11 bankruptcy protection with plans to keep hundreds of stores open for now under a deal reached with its lenders, while the retailer's Chairman Eddie Lampert has stepped down from his post as CEO, effective immediately. Illinois-based Sears Holdings Corp.

 

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