More broken promises at Sears as layoffs and store closures top original projections
September 05, 2019 at 13:20 PM EDT
Sears Chairman Eddie Lampert struck a $5 billion deal to buy the company out of bankruptcy, saying it would be the only path to keep about 400 Sears and Kmart stores open and preserve 45,000 jobs. So far, those efforts have not been enough to stem the losses.