{"id":11287,"date":"2019-01-08T14:32:42","date_gmt":"2019-01-08T19:32:42","guid":{"rendered":"http:\/\/newsroom.chainstoreguide.com\/?p=11287"},"modified":"2019-01-08T14:32:42","modified_gmt":"2019-01-08T19:32:42","slug":"its-a-deal-sears-lives-to-fight-another-day","status":"publish","type":"post","link":"https:\/\/www.chainstoreguide.com\/offthechain\/2019\/01\/its-a-deal-sears-lives-to-fight-another-day\/","title":{"rendered":"Breaking News: Sears Lives to Fight another Day"},"content":{"rendered":"<p>The company that became the nation\u2019s largest retailer as Sears, Roebuck &amp; Co. was poised this morning to end its century-old presence as a fixture in small towns and suburban malls, according to reports. But instead of asking a federal bankruptcy judge to allow it to move forward with plans to liquidate in a hearing that just wrapped up, the company has agreed to consider another last-gasp offer from Chairman Eddie Lampert to purchase the company and attempt to keep 425 stores open.<\/p>\n<p>The company and Lampert still have a ton of hurdles to clear. If Lampert comes up with a $125 million deposit by tomorrow afternoon, the Monday, January 14<sup>th<\/sup> auction for the company will go ahead, at which point, Lampert\u2019s\u00a0 $4.4 billion+ bid will be considered against those of firms seeking to purchase and liquidate the 126-year-old company.<\/p>\n<p>If Lampert\u2019s deal wins the day on Monday it would, temporarily at least, save 50,000+ jobs.<br \/>\n<center><\/p>\n<div class='tableauPlaceholder' id='viz1546971300018' style='position: relative'><noscript><a href='#'><img alt=' ' src='https:&#47;&#47;public.tableau.com&#47;static&#47;images&#47;Se&#47;SearsClosing0119_0&#47;Sears0119&#47;1_rss.png' style='border: none' \/><\/a><\/noscript><object class='tableauViz'  style='display:none;'><param name='host_url' value='https%3A%2F%2Fpublic.tableau.com%2F' \/><param name='embed_code_version' value='3' \/><param name='site_root' value='' \/><param name='name' value='SearsClosing0119_0&#47;Sears0119' \/><param name='tabs' value='no' \/><param name='toolbar' value='yes' \/><param name='static_image' value='https:&#47;&#47;public.tableau.com&#47;static&#47;images&#47;Se&#47;SearsClosing0119_0&#47;Sears0119&#47;1.png' \/><param name='animate_transition' value='yes' \/><param name='display_static_image' value='yes' \/><param name='display_spinner' value='yes' \/><param name='display_overlay' value='yes' \/><param name='display_count' value='yes' \/><param name='filter' value='publish=yes' \/><\/object><\/div>\n<p>                <script type='text\/javascript'>                    var divElement = document.getElementById('viz1546971300018');                    var vizElement = divElement.getElementsByTagName('object')[0];                    vizElement.style.width='700px';vizElement.style.height='695px';                    var scriptElement = document.createElement('script');                    scriptElement.src = 'https:\/\/public.tableau.com\/javascripts\/api\/viz_v1.js';                    vizElement.parentNode.insertBefore(scriptElement, vizElement);                <\/script><\/center><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company that became the nation\u2019s largest retailer as Sears, Roebuck &amp; Co. was poised this morning to end its century-old presence as a fixture in small towns and suburban malls, according to reports. But instead of asking a federal bankruptcy judge to allow it to move forward with plans to liquidate in a hearing&hellip; <a class=\"more-link\" href=\"https:\/\/www.chainstoreguide.com\/offthechain\/2019\/01\/its-a-deal-sears-lives-to-fight-another-day\/\">Continue reading <span class=\"screen-reader-text\">Breaking News: Sears Lives to Fight another Day<\/span><\/a><\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"post-template-no-sidebar.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[14],"tags":[17],"class_list":["post-11287","post","type-post","status-publish","format-standard","hentry","category-apparel-department","tag-csg-exclusive","entry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/11287","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/comments?post=11287"}],"version-history":[{"count":0,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/posts\/11287\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/media?parent=11287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/categories?post=11287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chainstoreguide.com\/offthechain\/wp-json\/wp\/v2\/tags?post=11287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}