Sears Holdings Corp is planning to close up to 150 of its department and discount stores and keep at least another 300 open as part of a plan to restructure under U.S. bankruptcy protection, people familiar with the matter said on Oct. 12.
The plans, which remained in flux on Friday afternoon, would leave the fate of Sears’ remaining roughly 250 stores uncertain, the sources said. The future of the stores could hinge on Sears’ negotiations with landlords over their leases.
