By now, you’ve perhaps heard of the hopefully happy news in the world of retail shopping: Sears is going to stick around a little longer. A couple of weeks or so ago, a U.S. bankruptcy judge allowed a plan by the chairman and biggest shareholder of Sears’ and Kmart’s parent company to stay in business, beating back challenges by creditors of the company who wanted a liquidation.
So, the judge’s approval means that Sears’ 425 stores will stay open, and its 45,000 employees will remain on the job. While that’s good news, naturally, it’s not all sunshine and lollypops at the moment: Sears Holdings has been under Chapter 11 bankruptcy protection since October, and since that time has closed several of its stores, including its location at West Towne Mall, just down the road from where I live. And it still has to find a way to attract those who left it behind for the likes of Walmart, Target, and Amazon.