Sears’ reported plans to liquidate may advance Eastfield Mall redevelopment
Ailing retailer Sears Holdings is on the path to liquidation after more than 126 years as “The Place America Shops,” according to reports Tuesday morning. Chairman Eddie Lampert’s $4.4 billion bid to buy Sears and Kmart out of bankruptcy has been deemed insufficient, CNBC and Reuters reported. As a result, what’s left of Sears will be forced to sell off its assets and close all the remaining Sears and Kmart locations. There are now fewer than 866 locations for both Sears and Kmart including Kmarts in Holyoke and Palmer.