Lampert wins bid for Sears, but won’t save area stores

Eddie Lampert won the bid for Sears in an hours-long bankruptcy auction Monday, but it won’t save any local stores.

The chairman and former CEO's $5.2 billion bid went through Monday, people close to the matter told Reuters. It could save 425 stores and 45,000 jobs.

»PHOTOS: Downtown condo with open floor plan hits market

But no local stores were included in the auction since they’re already set to close. Stores at the Dayton Mall and Mall at Fairfield Commons closed late last year. Piqua’s store will close in February and Springfield’s will close in March.

Lampert’s bid isn’t a done deal though. It still must be approved by a bankruptcy judge. And there’s a group of creditors objecting to the deal, the people close to the matter said.

It’s expected that a hearing will be held later this week.


Lowes to hire for jobs at local stores; need 65K nationally

10 changes coming to local shopping venues in 2019

5 outbreaks, food-related illnesses that impacted Ohio in 2018

10 new flights added at local airports in 2018

Should you keep renting or buy a house? Here’s the breakdown by county

About the Author