Bankruptcy Filing Shifts Spotlight to Sears’ Pension Plans

As Sears files for Chapter 11 bankruptcy protection, the future of its massive pension obligations is in question. The storied retailer has around 90,000 retirees with pensions, and Eddie Stone, counsel to ProtectSeniors.org, said Sears is still "on the hook" for those funds unless it ends up being liquidated.

If there's one person to blame for the fall of Sears, it's former CEO Eddie Lampert, said Women's Wear Daily deputy managing editor Evan Clark.

After years of declining sales, Sears, once America's largest retailer, has filed for bankruptcy. Evan Clark, Deputy Managing Editor at WWD, joined Cheddar to discuss whether the retailer can emerge out of bankruptcy.