Sears, one of many largest and longest-tenured retailers, formally filed for Chapter 11 chapter safety on Monday, Oct. 15. 

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The Red Tea Detox

The mother or father firm, Sears Holding, experiences in a information launch it intends to remain operational because it retains its most worthwhile Sears and Kmart places open. With this announcement, the corporate additionally says its CEO, Edward S. Lampert, will step down from his position efficient instantly. 

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Sears Holdings may even shut a further 142 unprofitable shops…

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