The Downfall of Sears, 5 Reasons Why it’s Struggling to Survive
Indigo 9 Digital
JANUARY 12, 2023
Hedge fund manager Edward Lampert, who is also Sears’ former Chairman and CEO and largest shareholder, purchased the company in bankruptcy proceedings for only $5.2 Consumers were finally given a way to access merchandise at much lower prices than what was available from nearby merchants. It was a runaway success. Retail stores.
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