Sears facing possible liquidation

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Sears faces liquidation. Rick Williams reports during Action News at Noon on January 7, 2019.

Sears is preparing for a possible liquidation after a bid by its chairman has reportedly failed to save the iconic store from bankruptcy.

Eddie Lampert made an offer to acquire several hundred stores.

But, his bid fell short of bankers' qualifications.

After missing a Friday deadline, Sears, along with Kmart, began laying the groundwork for liquidation

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