Retail

Sears’ creditors will argue in court whether Lampert stripped assets from a failing business and if the money transferred out of their reach prior to bankruptcy can be recovered.

According to regulatory filings, Seritage Holdings would lose $84 million in cash flow in the event of liquidation.

Many Sears store are too big to replace with only one tenant and may need to be subdivided, which can take years.

Declining sales and a mountain of debt finally catch up with Sears Holdings Corp.

Steinhoff International Holdings’ decision to pay a 115 percent premium for the retailer in 2016 was “one of the world’s worst acquisitions.”

Potential sale would come at a time when physical retail is struggling and retail REITs have taken a hit.

The retailer hasn’t picked a recruiting firm to look for a new CEO, with Chairman Leonard Riggio temporarily filling the position.