Lampert originally expressed interest in April when he announced that then was the time to begin looking for a buyer for the brand. As the Sears name loses clout with declining sales and dropping revenue, the company’s flagship brand Kenmore is still seen as valuable.
People familiar with the situation told the Wall Street Journal that the move is an effort to provide Sears some extra cash flow and hold off filing for bankruptcy, while also providing growth through sales of Kenmore appliances at other stores.
Sears has several locations in the Dayton area, including anchor stores at the Dayton Mall, the Mall at Fairfield Commons and the Miami Valley Centre Mall in Piqua, as well as in Kettering, Huber Heights and Springfield. All local Kmart stores have already closed.
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