By  on January 16, 2019

Sears Holdings Corp. seems set to live to see another day, but the retailer will have to overcome significant challenges in order to survive long-term.

The bankrupt retailer reached a deal in the early-morning hours Wednesday that would allow chairman Edward S. Lampert and his hedge fund ESL Investments to buy what’s left of Sears for more than $5 billion, according to multiple published reports. Representatives from ESL would not confirm or deny the reports.

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