KEY POINTS
  • Even as Eddie Lampert tries to keep Sears alive, the company is preparing for its potential doom.
  • Sears is planning to close 50 to 80 more stores, people familiar with the situation tell CNBC. It told the bankruptcy court earlier this week that it plans more store closures.
  • Those further store closures are one more sign even Sears remains uncertain Lampert can pull off a $4.6 billion bid to save the company.
Customers browsing at a soon to be closing Sears store.

Even as Eddie Lampert is trying to keep Sears alive, the company is preparing for its potential doom.

Sears' chairman, Eddie Lampert, earlier this month unveiled his $4.6 billion proposal to save Sears by buying the company out of bankruptcy through his hedge fund, ESL Investments. Such a deal is likely its last chance at survival. If Lampert can't buy the company, it will likely need to liquidate and sell itself in parts. But as the deal faces increasing legal and financing challenges, the company is bracing for the reality that it may not come together at all.