While Dillard’s plans to stop carrying the Nygård collection, a Sears spokesman declined to comment about whether it will do the same.
The retailer lined up roughly $218 million in debtor-in-possession financing, but much of it may go toward paying off its secured debts.
The brand’s sales fell as it pulled out of Sears stores, but its profit projection for the full year was on the rise.
If complete, the deal would put Sears and Sears Hometown & Outlet Stores under the same company umbrella once again.
ESL vigorously disputes the accusations, according to a statement, going as far as calling them “baseless allegations and fanciful claims.”
The 2012 spin-off is not doing well.
The former Sears ceo wants to buy all of Sears’ spin-off Hometown & Outlet Stores.
The retailer said it would remove guns from about 120 of its stores, while upping its apparel selections.