# Last-Minute Deal Keeps Sears From Closing for Good

Published 2019-01-14 · Updated 2026-03-19 · Retail on MarketScale
Canonical: https://www.marketscale.com/industries/retail/last-minute-deal-keeps-sears-from-closing-for-good

> Last-minute deal keeps Sears from closing for good. It stems from a bid by the company’s former CEO Eddie Lampert of $4.4 billion. The deal keeps around 425 stores in the U.S. around at least temporarily. It also says Lampert must make a $120 million down payment by Wednesday this week. His deal still needs to…

Last-minute deal keeps [Sears](https://www.sears.com/) from closing for good. It stems from a bid by the company’s former CEO Eddie Lampert of $4.4 billion. The deal keeps around 425 stores in the U.S. around at least temporarily. It also says Lampert must make a $120 million down payment by Wednesday this week. His deal still needs to be approved by a bankruptcy court judge before moving forward. Despite filing for bankruptcy last October, [Sears](https://www.sears.com/) said it would remain in business.

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