Sears, which has dozens of locations across the Carolinas, has filed for Chapter 11 bankruptcy protection with plans to keep hundreds of stores open — for now — under a deal reached with its lenders. Meanwhile, the retailer's chairman, Eddie Lampert, has stepped down from his post as CEO, effective immediately.
Illinois-based Sears Holdings Corp. (NASDAQ: SHLD) filed for bankruptcy in the U.S. Bankruptcy Court for the Southern District of New York in White Plains early on Monday.
