After lashing out at the media last week, Sears Holdings CEO Eddie Lampert is speaking out again, this time saying he is "taking a stand" to protect his company as its vendors have a change of heart.
"There have been examples of parties we do business with trying to take advantage of negative rumors about Sears to make themselves a better deal — a deal that is unilaterally in their interest," Lampert wrote in a blog post Monday.
This, as the embattled department store chain has been working with suppliers to try to ensure their level of credit risk is "both affordable and appropriate," Sears has said.
"In such a case, we will not simply roll over and be taken advantage of — we will do what's right to protect the interests of our company and the millions of stakeholders we serve," Lampert went on.
The CEO mentioned one of Sears' vendors that has been particularly troublesome of late: One World, a China-based subsidiary of Techtronic Industries that makes various power tools for Sears under the Craftsman brand.