AP Photo/Charlie Riedel
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- Sears‘ unsecured creditors are urging the company to shut down all of its remaining stores.
- In a bankruptcy filing, the creditors slammed Sears’ plan to stay in business as “nothing more than wishful thinking” and “an unjustified and foolhardy gamble with other people’s money.”
- Sears has proposed cutting its store count to roughly 400 profitable stores, then selling the associated real estate to raise cash while the company works to return to profitability.
Sears’ creditors are demanding that the company shut down all its remaining stores.
The retailer’s plan to survive bankruptcy is “nothing more than wishful thinking” and “an unjustified and foolhardy gamble with other people’s money,” a group of unsecured creditors has declared in a new filing. See the rest of the story at Business Insider
- Costco sells millions of pumpkin pies every year — and the recipe has apparently been the same since 1987
- I went to one of Bill Clinton’s favorite restaurants in Arkansas, which was once described as a ‘vegetarian’s hell,’ to see if the food lived up to the hype — here’s the verdict
- Alibaba just eclipsed Amazon’s estimated Prime Day sales in less than 10 minutes