Creditors Urge Sears To Shut Down All Stores
- 5 years ago
Business Insider reports that Sears' unsecured creditors are urging the company to shut down all of its remaining stores.
In a bankruptcy filing, the creditors slammed Sears' plan to stay in business as "nothing more than wishful thinking."
The creditors also called Sears plans to stay in business "an unjustified and foolhardy gamble with other people's money."
Sears has proposed cutting its store count to roughly 400 profitable stores.
In a bankruptcy filing, the creditors slammed Sears' plan to stay in business as "nothing more than wishful thinking."
The creditors also called Sears plans to stay in business "an unjustified and foolhardy gamble with other people's money."
Sears has proposed cutting its store count to roughly 400 profitable stores.