ESL Investments and its affiliates, including Lampert, currently own 48.4 percent of the outstanding shares of Sears. The Hoffman Estates, Ill., company said that Lampert, who is both CEO of ESL Investments and Sears, did not sell or otherwise dispose of any of his personal holdings.
NEW YORK-- Billionaire hedge-fund manager Eddie Lampert has reduced his stake in Sears Holdings Corp. to less than half, according to a regulatory filing Tuesday.
Oct 29- Sears Holdings Corp is considering separating its Lands' End clothing and Sears Auto Center businesses into independently managed operations as part of its turnaround plan, after another quarter of declining same-store sales.
Sept 11- Shares of Sears Holdings Corp fell as much as 6 percent after Credit Suisse questioned a bullish analysis of the retailer's real estate by an investor that had driven up the stock 20 percent in two days.
The department-store chain saw its loss more than quadruple — a big miss compared to what analysts had expected. Revenue, however, beat. Shares fell sharply after-hours.
Several hedge fund leaders who had giant paydays last year earned their riches the old-fashioned way: by posting big returns on their investments. The New York Times reports.
Best Buy's decision to close 50 of its U.S. stores and focus on its Geek Squad service company through 100 small mobile locations in fiscal 2013 is the latest example of how the "big box" is struggling against digital competition.
"Risk is coming back into the markets," Eddie Lampert told CNBC. "People are willing to put their money at risk. They want a return on their money rather than just a return of their money. "
Discussing the challenges facing retail, with Brian Nagel, Oppenheimer senior equity research analyst, in regards to Eddie Lampert saying, "companies, especially in retail, are finding themselves in need of reinvention."
Influential investors Eddie Lampert and David Bonderman share their thoughts on the U.S. economy and markets, in this excerpt from a Squawk Box appearance honoring dealmaker Richard Rainwater.
The knee-jerk reaction is that hiring a non-merchant after a three-year search is just another shake-your-head moment in the recent history of Sears.