Saturday, December 29, 2018

As Sears death spiral continues, Joplin's Northpark Mall store survives again

Eighty more Sears stores will be closed in March as a result of a plan submitted in CEO Eddie Lampert in U. S. Bankruptcy Court, but the anchor store at Joplin's Northpark Mall will not be among them.

Lampert submitted a $4.4 billion bid in a last-ditch bid to save the company from being liquidated. After these closings, as well as others that were announced earlier, 425 Sears stores will remain open in the U. S.



(M)any of (the lenders) have been clamoring for the company to liquidate, according to court documents, arguing that Sears has been hemorrhaging money for years and hasn’t turned a profit since 2010.


The only Missouri store scheduled to be closed is a K-Mart in Crystal City.

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