Sears Says It Has Secured a $250 Million Lifeline, Will Close 96 Stores

Reuters, Nov. 7, 2019–Mike Spector, Jessic DiNapoli
Sears said it had won a $250 million lifeline from lenders that include billionaire owner Eddie Lampert, and will close additional stores, as mounting losses strain the beleaguered U.S. department store chain’s finances.