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Sears Submits $4.4 billion Bid In Effort To Avoid Bankruptcy

2018-12-30 7 Dailymotion

In a bid to keep 425 Sears stores open, chairman Eddie Lampert submitted a $4.4 billion bid on Friday.<br />The bid could save Sears from closing its doors and keep up to 50,000 of its 68,000 workers employed.<br />Lampert has blamed the company's decline partially on the media, changes in consumer spending, and the rise of online shopping.<br />However, analysts and critics say the company's demise is the result of years of underinvestment in stores. <br />

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