WEATHER ALERT
Sears' future is still in doubt 1 year after bankruptcy filing
Read full article: Sears' future is still in doubt 1 year after bankruptcy filingAnd there are signs that the store's future may be in greater doubt than when it emerged from Chapter 11 in February. At the time it exited bankruptcy there were more than 400 Sears and Kmart stores, down from about 1,000 a year earlier. Company plans called for modest additional closings of 30 of 191 remaining Kmarts by the end of this year. In August it announced plans to shutter another 21 Sears stores and five Kmarts. Eddie Lampert, Sears' majority owner, gave up his CEO title on the day of the bankruptcy filing, retaining the chairman position.