Tag: Eddie Lampert

April 19, 2019

Sears Holdings Corp. has filed a blockbuster federal lawsuit that essentially claims former CEO Eddie Lampert drove the company into bankruptcy, by siphoning off the company’s assets and preventing it from being able to pay off debts. The suit accuses […]

February 6, 2019

A bankruptcy filing from one of the most iconic U.S. retailers was bound to be unique. But the series of events that have played out over the last several months have resulted in polarizing perceptions of what the future holds […]

January 18, 2019

ESL acknowledged on Thursday in a statement emailed to Retail Dive that its more than $5.2 billion bid to keep open more than 400 stores and hold on to roughly 45,000 jobs has been accepted by Sears. But, if the […]

January 16, 2019

It appears Lampert has saved Sears. But not everyone is cheering. Creditors, some of which have been skeptical from the get-go, are reportedly organizing to throw a wrench in the plan, and workers rights activists are wary about whether Lampert […]

January 10, 2019

Despite creditor criticism from the get-go, numerous rejections in the weeks since and declarations from anonymous sources that Sears was careening toward liquidation, Lampert is still in the running to buy back the iconic department store chain. “We believe our […]

January 3, 2019

For years, Sears Chairman (and once CEO) Eddie Lampert helped Sears limp along a retail landscape it once dominated. And now as it faces the potential end, he’s still not ready to give it up, even if that means only […]

November 7, 2018

Just as few in the retail world are surprised to see Sears in bankruptcy court, few will likely be surprised to learn that Lampert’s complicated financial relationship with Sears could be the subject of litigation in Chapter 11. It’s worth […]

September 25, 2018

Lampert’s proposal follows a seemingly unending series of moves by the CEO to keep Sears out of bankruptcy while furthering complicating the retailer’s financial relationship with Lampert and his hedge fund. The proposal represents the most ambitious move so far […]

January 9, 2017

According to Eddie Lampert, CEO and Chairman of Sears Holdings, the company is in the middle of a “transformation” into a profitable enterprise that integrates online and offline retail. Yet everyone from former high-ranking executives to anyone who has ever […]

September 8, 2016

Kmart has unveiled a new store described as “A Whole Lotta Awesome” as part of a strategic marketing and rebranding initiative. The store in Des Plaines, Illinois is not far from Sears Holdings corporate headquarters in Hoffman Estates. It’s a […]

August 29, 2016

On Thursday, Aug. 25, Sears Holdings Corp., on the heels of another dismal quarter, announced it had accepted a capital infusion in the way of a $300 million loan by CEO Eddie Lampert’s hedge fund. While the loan will help […]