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Business Eddie Lampert

  • Washer and dryer appliances in a Sears store.

    "Is it really that hard to push a button?" CNBC's Jim Cramer asks.

  • A customer browses washing machines at a Sears store.

    Sears announced plans to sell Kenmore-branded appliances on Amazon.com, which will feature special capabilities with Alexa.

  • A sign marks the entrance to the headquarters campus of Sears Holding in Hoffman Estates, Illinois.

    Dwindling foot traffic across American malls has been dragging down many department stores, including Sears.

  • Ayn Rand, a fiction author, in New York, August, 1957.

    While many in business preach the words of writer Ayn Rand, devotees like Kalanick find themselves falling from glory, The New York Times reports.

  • July 10- Billionaire Eddie Lampert's ESL Partners LP and Fairholme Capital Management LLC said they are considering a potential deal with Sears Canada as the retailer looks to restructure itself under bankruptcy protection. Lampert is the chief executive of U.S.-based Sears Holdings Co, from which Sears Canada was spun off in 2012.. ESL Partners and...

  • CHICAGO, July 7- Sears Holdings Corp is closing eight of its namesake department stores and 35 Kmart locations to cut costs and square footage in an effort to return to profitability, Chief Executive Officer Eddie Lampert said on Friday. The store closings are in addition to 150 the company announced in January. The company said in February it would cut costs this...

  • A sign marks the entrance to the headquarters campus of Sears Holding in Hoffman Estates, Illinois.

    Sears announced plans Friday to shutter more unprofitable Sears and Kmart locations this year.

  • CHICAGO, July 7- Sears Holdings Corp is closing eight of its namesake department stores and 35 Kmart locations to cut costs and square footage in an effort to return to profitability, Chief Executive Officer Eddie Lampert said on Friday. The store closings are in addition to 150 the company announced in January. The company said in February it would cut costs this...

  • CHICAGO, July 7- Sears Holdings Corp is closing eight of its namesake department stores and 35 Kmart locations as part of its effort to cut costs and square footage to return to profitability, Chief Executive Officer Eddie Lampert said on Friday. The company said in February it would cut costs this year by at least $1 billion. Shares of Sears were down 3 percent at...

  • TORONTO, June 22- Sears Canada Inc said on Thursday it plans to cut jobs and close about a quarter of its stores as it restructures its operations after a steady decline in sales due to competition from big-box retailers and online merchants. "It's just been baby steps toward the ultimate end," said Sally Seston, managing director at Retail Category Consultants...

  • TORONTO, June 22- Sears Canada Inc said on Thursday it plans to cut jobs and close about a quarter of its stores as it restructures its operations after a steady decline in its sales due to competition from big-box retailers and online merchants. "It's just been baby steps toward the ultimate end," said Sally Seston, managing director at Retail Category Consultants...

  • TORONTO, June 22- Sears Canada Inc said on Thursday it plans to cut jobs and close stores as it restructures its operations, following years of declining sales as it has lost customers to big-box retailers, more nimble apparel companies and online merchants. Existing lenders have agreed to provide up to C $450 million in interim financing to help the company,...

  • TORONTO, June 22- Sears Canada Inc said on Thursday it obtained court protection against creditors to proceed with a restructuring that will include store closures and layoffs as it seeks to recover from years of declining sales. Existing lenders have agreed to provide up to C $450 million in interim financing to help the company, controlled by billionaire...

  • TORONTO, June 22- Sears Canada Inc said on Thursday that it had filed for court protection against creditors as the retailer controlled by billionaire Eddie Lampert pursues a plan to restructure its operations. Sears Canada said in a statement that it was seeking protection so it could concentrate on a long-term effort to focus on selling discounted designer...

  • June 22- Trading in the U.S.-listed shares of Sears Canada Inc was halted on Thursday pending news, two days after reports the Canadian retailer was preparing to seek court protection against creditors in the coming weeks. The retailer, controlled by billionaire Eddie Lampert, last week flagged doubts about its ability to continue as a going concern and said it...

  • June 13- Billionaire Eddie Lampert- controlled Sears Canada Inc flagged doubts about its ability to continue as a going concern and said it was exploring strategic options, including a sale of the company, following years of losses and falling sales. The company was valued at about C $51 million at its lowest stock price on Tuesday, a far cry from the C $1.18 billion...

  • June 13- U.S. retailer Sears Holdings Corp said on Tuesday it would cut 400 full-time jobs at its headquarters in Illinois as part of its plan to save more than $1 billion in costs annually. Sears said the bulk of the layoffs were related to its corporate workforce at its Hoffman Estates, Illinois headquarters. Sears said on Tuesday cost-cutting efforts had helped...

  • Earlier this week, Sears updated a blog post to reflect that it settled a dispute with One World Technologies, another Craftsman partner.

  • A man walks by a Sears store.

    Sears today updated Chairman and CEO Eddie Lampert's May 15 blog post with a notice that the dispute with One World Technologies was resolved.

  • *Q1 costs plunge 30.6 pct to $4 bln. Quarterly sales, however, continued their years-long decline, while the company's cash balance fell to $264 million as of April 29 from $286 million at Jan. 28. Sears, which sold its Craftsman tools brand to Stanley Black& Decker in March, said it had cut up to $700 million in costs to date since February as part of a program to reduce...