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Sears pitches its future to lenders as it eyes bankruptcy

CNBC.com
Sears pitches its future to lenders as it eyes bankruptcy

Sears was the Amazon of the 1930s. Here's where the retailer is today    4:00 PM ET Fri, 18 May 2018 | 03:17 Eddie Lampert is once again trying to sell the idea that he can transform Sears. Sears Holdings' CEO is meeting with lenders as he pitches his vision for what the retailer would look like emerging from bankruptcy. Part of the plan involves it slimming even further beyond its years of store closures, people familiar tell CNBC. He needs lenders to support his vision in order for an orderly bankruptcy, in which the company files for protection with a business plan that all parties, including its lenders, agree to. But Sears last profitable year was in 2010, offering little reassurance in