Sears’ parent company is preparing for possible liquidation after Sears Holdings Corp. Chairman Eddie Lampert’s $4.4 billion bid for the iconic retailer failed to meet bankers’ qualifications, reports Bloomberg. The company was supposed to decide Friday if it would consider the bid — made through Lampert’s hedge fund — or turn itself over the liquidators. Lampert’s fund still has time to shore up the bid before a hearing tomorrow, however. Sears presently employs about 50,000 people.