Exclusive: Sears says it has secured a $250 million lifeline, will close 96 stores

By Net News on November 7, 2019 8:11 pm |

Sears told Reuters on Thursday it had won a $250 million lifeline from lenders that include billionaire owner Eddie Lampert, and will close additional stores, as mounting losses strain the beleaguered U.S. department store chain’s finances.