New York (CNN Business) If Sears emerges from bankruptcy this month, the company will probably close dozens more stores by the end of the year. Kmart stores, according to a business plan filed with the court last week by a top executive of Sears Chairman Eddie Lampert's hedge fund. Sears' stores are sitting on valuable real estate. Lampert insists he wants to buy the company because he believes a smaller Sears with less debt can be profitable and competitive. Asked about the projections of future store closings, a spokesman for his hedge fund said the a revamped Sears would rely on a "meaningful network" of stores.

Source: CNN February 05, 2019 20:37 UTC