The fate of the iconic Sears Holdings Corp. (SHLDQ) appears to be sealed, as Bloomberg reports that Chairman Eddie Lampert's bid to save the retailer fell apart.

Bloomberg reported that Lampert's $4.4 billion bid to buy hundreds of stores out of bankruptcy failed, after he had reportedly earlier hoped to save the company.

The retailer now faces certain liquidation, said the report, which relied on unnamed sources.

A slim shot remains, however, that Lampert could still make another attempt in a final bid prior to a Tuesday hearing, said the report.

Lampert was reportedly planning to make the bid through ESL Investments -- the chain's largest creditor and shareholder. 

Sears filed for bankruptcy in October and last month said it would close 80 Sears and Kmart stores later in 2019, in addition to the 40 previously announced stores to close next year.