Sears survives, but doubts about the future remain : Bid for bankrupt retailer accepted, but competition isn't getting any easier
Sears Chairman Edward Lampert appears to have pulled off his bid to rescue the bankrupt retailer from liquidation.
It's good news for employees at the stores that could remain in business and for still-loyal shoppers. But it remains to be seen whether the retailer's latest lifeline from its former CEO buys the time needed to finally pull off a turnaround.
Lampert, who stepped down as CEO when the company filed for bankruptcy protection in October, has been trying to right the ship at...