Forever 21 Scaling Back Global Ambitions in Bankruptcy Plan
The "fast fashion" retailer said it would close stores in Canada, Europe, and Asia but continue operations in Mexico and Latin America.
Sears Owner Seeks to Opt Out of Severance Payments
Eddie Lampert had promised to pay $43 million to former workers.
Sears Accuses ex-CEO of Looting $2B in Assets
The bankrupt retailer alleges Eddie Lampert and other investors siphoned off assets for their own gain through fraudulent spinoffs and other deals.
PBGC to Oversee Sears Pension Plans
The pension insurance fund is stepping in because “it is clear that Sears’ continuation of the plans is no longer possible.”
Chairman Lampert Wins Auction to Save Sears
The bankrupt retailer's "hand has not changed and the cards it holds are not winning ones," an analyst says.
Sears Eyeing Chapter 11 With Debt Payment Due
"This is the inevitable end game of an effective liquidation process that has been going on for many years," a retail analyst says.
Sears CEO Proposes $1.1B Debt Restructuring
Eddie Lampert says the retailer must act "without delay" to address “significant near-term liquidity constraints."
Sears Reviewing Sale of Kenmore, Other Assets
The proposed sale to CEO Eddie Lampert's hedge fund would further his goal of making Sears an "asset light" business.
Feds Should Break Up Amazon
Amazon's dominance in a growing array of marketplaces could have catastrophic effects.
PBGC OKs Sears Asset Sales for Pension Relief
The lifting of a "ring-fencing" restriction will allow the embattled retailer to raise $407 million to contribute to its underfunded pension plans.
Cost-Cutting Narrows Sears’ Loss to $251M
The retailer's Q2 results were "a little bit heartening, but still left some open areas of worry," including another double-digit comp sales decline.