Following reports that Sears Holdings had turned down a bid from ESL Investments, a special committee for the retailer now plans to consider a revamped bid before the company’s bankruptcy auction on Jan. 14. The comments came during a hearing in bankruptcy court on Tuesday...
In an effort that could help preserve 425 locations and the jobs of up to 50,000 workers, Sears Holdings Corp. Chairman Eddie Lampert made a takeover bid of $4.4 billion for the company. The bid was placed by Transform Holdco LLC, an affiliate of the...
Eddie Lampert — and his checkbook — really, really believe in Sears. In fact, according to a recent report from Chain Store Age, Lambert believes so much that, at this point, employees should consider calling him “Santa.” That is because Sears’ Christmas has been saved by yet...
Sears, the embattled retailer, is gearing up to close eight of its brick-and-mortar department stores and 35 Kmart stores in an effort to slash costs and square footage and return to a profit, reported Reuters. Citing Sears Chief Executive Eddie Lampert, Reuters reported the latest...
March 24, 2017
Live by the fickle consumer, and, if you’re a (very) aging retailer, possibly die by the fickle consumer. In commerce, history only goes so far, while memory does not stretch far enough, perhaps. And meanwhile, politics ain’t a beanbag, but it’s bouncing the stock market around hither and yon. Sizzle The Main Street storefront: Growing so rapidly, […]
April 18, 2019
In the wake of the retailer’s bankruptcy, Sears Holdings Corp. has filed a lawsuit against former CEO Eddie Lampert, along with ESL Investments and former directors. The suit comes following Lampert’s February purchase of most of its assets for $5.2 billion, Reuters reported. The company alleges that Lampert had financial plans made to look as if […]
January 10, 2019
Following reports that Sears Holdings had turned down a bid from ESL Investments, a special committee for the retailer now plans to consider a revamped bid before the company’s bankruptcy...
January 02, 2019
In an effort that could help preserve 425 locations and the jobs of up to 50,000 workers, Sears Holdings Corp. Chairman Eddie Lampert made a takeover bid of $4.4 billion...
October 06, 2017
Eddie Lampert — and his checkbook — really, really believe in Sears. In fact, according to a recent report from Chain Store Age, Lambert believes so much that, at this point, employees...
