Sears Finances

Sears is getting another reprieve from liquidation. The new lease on corporate life comes after its chairman and largest shareholder revised his bid to save the iconic brand. The Illinois retailer says it has accepted Eddie Lampert's bid through an affiliate of his ESL hedge fund. The bid could keep 425 stores open and save tens of thousands of workers from losing their jobs. The revised bid isn't official and will be evaluated in an auction next week. It will also have to compete with bids from liquidators looking to shut Sears down.