Deals
Sears Prepares for Possible Liquidation
- Tens of thousands of jobs at risk as ESL rescue effort fails
- Lampert may seek to improve plan before court hearing Tuesday
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Sears Holdings Corp. is preparing for the potential that this year will be its last.
The storied retailer started laying the groundwork for a liquidation after Chairman Eddie Lampert’s bid to buy several hundred stores out of bankruptcy fell short of bankers’ qualifications, people with knowledge of the matter said.