Sears, a retail giant, was close to shutting down until Eddie Lampert, the company’s chairman and CEO investor of Sears holding, won a bankruptcy auction for Sears and was the only one to put out a bid for the whole company. Eddie Lampert’s ESL Investments will pay roughly $5.2 billion for the company that owns Sears and Kmart, according to USA Today.

“Sears still has a lot of credibility in appliances, and they can rebuild that business,” Craig Johnson, the president of consulting firm Customer Growth Partners, said.