Content about Eddie Lampert

February 27, 2014

Sears Holdings’ CEO Eddie Lampert strongly defended his company in his annual letter to shareholders, saying not only does he believe Sears is headed in the right direction, but that “the entire retail industry is headed to where we already are.”

New York -- Sears Holdings’ CEO Eddie Lampert strongly defended his company in his annual letter to shareholders, saying not only does he believe Sears is headed in the right direction, but that “the entire retail industry is headed to where we already are.”

November 25, 2013

Sears Holdings chairman Eddie Lampert is reportedly considering selling the company’s Sears Canada stores.

Hoffman Estates, Ill. - Sears Holdings chairman Eddie Lampert is reportedly considering selling the company’s Sears Canada stores. According to the New York Post, Lampert has been quietly consulting banks including Goldman Sachs and reaching out to prospective buyers.

November 12, 2013

The future is knocking on the door of hedge fund manager and owner of Sears, Eddie Lampert. His decision to split off Lands’ End and Sears Auto Center from the core Sears brand would have been a good decision in 2004, one year after he purchased the deteriorating retail brand.

By Lynn Hinderaker, lynn@lynnhinderaker.com

The future is knocking on the door of hedge fund manager and owner of Sears, Eddie Lampert. His decision to split off Lands’ End and Sears Auto Center from the core Sears brand would have been a good decision in 2004, one year after he purchased the deteriorating retail brand. Today, given the monumental shift in online purchasing behavior that has changed all of retailing, Lampert’s move is akin to rearranging the deck chairs on the Titanic.

August 22, 2013

Sears Holdings’ second-quarter loss widened as the company was challenged with store closings, weak sales and deep discounts.

Hoffman Estates, Ill. -- Sears Holdings’ second-quarter loss widened as the company was challenged with store closings, weak sales and deep discounts. Its performance was also impacted by the lingering effects from its spinoff of its Hometown and Outlet Stores banner.

For the period ended Aug. 3, Sears lost $194 million, compared with a loss of $132 million in the year-ago period.

Revenue dropped 6% to $8.87 billion, from $9.47 billion. Same-store sales fell 1.5%, with a 2.1% drop at Kmart and a 0.8% drop at Sears.

March 21, 2013

Eddie Lampert, chairman of Sears Holding Corp., has signed a contract to remain as CEO of the retail company at a salary of $1 per year, the Associated Press reported.

New York -- Eddie Lampert, chairman of Sears Holding Corp., has signed a contract to remain as CEO of the retail company at a salary of $1 per year, the Associated Press reported. Sears announced in January that Lampert would take over as CEO after Louis J. D'Ambrosio stepped down due to family health issues.
    
Lampert’s new contract is effective Feb. 1, according to a regulatory filing yesterday. Lampert also has the opportunity for a bonus of up to $2 million in cash or stock and up to $4.5 million in stock per year.

January 17, 2012

A report by Reuters revealed widespread Wall Street speculation that Sears Holdings Corp. may go private.

New York City -- A report by Reuters on Tuesday revealed widespread Wall Street speculation that Sears Holdings Corp. may go private.

"There is a rumor that Bruce Berkowitz of Fairholme and Eddie Lampert could take Sears private," Jon Najarian, a co-founder of TradeMonster.com in Chicago, told Reuters.
 
Sears has not commented on the rumors, which come days after CIT Group halted loans that Sears' suppliers use to finance the goods they sell to the Sears and Kmart chains.

November 28, 2007

Hoffman Estates, Ill., ...

May 31, 2007

When was the last time a washer/dryer combination stopped you dead in your tracks? It...