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Lampert Wins Sears Bankruptcy Auction

2019-01-17 2 Dailymotion

Business Insider reports that Sears chairman Eddie Lampert has reportedly won a bankruptcy auction to keep the company from liquidating.<br />Lampert's bid will keep about 400 stores open and retain 50,000 jobs.<br />Industry analysts believe a stripped down version of Sears will be better able to compete in 2019 retail market.<br />However, analysts remain extremely pessimistic about Sears future. <br />

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