Sears, an American retail staple since 1886, has been struggling in recent years, closing stores, selling off assets and borrowing money. Gordon Weil, author of “Sears, Roebuck, USA,” looks back on the history of the retailer. Photo: GettyEdward Lampert has a plan for Sears after its trip through bankruptcy: smaller stores and less apparel. The hedge-fund manager, who steered Sears into bankruptcy and kept it alive with a $5.2 billion offer for its assets, says he will sell or sublease some of the 425 remaining stores. He also wants to open more smaller stores, similar to one in Oak Brook, Ill., which at 62,000 square feet is about one-third its original size.

Source: Wall Street Journal February 13, 2019 10:33 UTC