accountEddie Lampert nolonger seen as the smartest invester in retail.
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EDDIE LAMPERT
Eddie Lampert is one of the most closely watched hedge-fund managers. He grabbed national attention when his fund, ESL Investments, acquired Kmart and brought it out of bankruptcy in 2003 as a public company. He then leveraged his flying Kmart shares to buy Sears Roebuck in 2005. Now Lampert is struggling with Sears/Kmart combination as the retailers have been hit by the slowing economy. His fund posted its worst performance ever in 2007.
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Financier Eddie Lampert turned once-bankrupt Kmart into a $3 billion cash cow. Will he build it into a new Berkshire...
Analysts have cut their earnings outlooks and price targets on the retailer, noting its reluctance to sell unprofitable...
The retailer's Lands' End unit has proved a bright spot in dark times. Now it faces a leadership vacuum
His big bet on Sears looks dicier as profits plunge, but the chairman has a built-in safety net
invoke parents who worked in mills or on farms than ancestors who kept account books or clerked at Sears and Roebuck.
by nearly 30 percent, and the company slashed its profit forecast for 2008. CHICAGO (AP) -- Beleaguered retailer Sears...
invoke parents who worked in mills or on farms than ancestors who kept account books or clerked at Sears and Roebuck.
last week to improve network connections after some iPhone users complained about dropped calls and sound quality.
left to live. And in some cases -- for instance, a Sony alarm clock listed for $49.97 at Sears' Web site -- customers...
US MARKETS, MARKETS, INVESTING, INVESTORS, TRADERS, TRADING, DOW JONES INDUSTRIAL AVERAGE, S&P 500, S&P,...
Beleaguered retailer Sears Holdings Corp. reported a hefty drop in second-quarter profit as sales slumped, despite a...
By Karen Jacobs ATLANTA (Reuters) - Sears Holdings Corp (SHLD.O: Quote, Profile, Research, Stock Buzz) posted a...
Sears Holdings Corp. said second-quarter profit fell 62% as the retailer continues to struggle to attract customers to...
Sears Holdings Corp., citing the deteriorating economy's chilling effect on consumer spending, reported a 62 percent...
Sears Holdings Corp.'s second-quarter profit fell 62% as increased competition and a slowing U.S. economy forced the...
US MARKETS, MARKETS, INVESTING, INVESTORS, TRADERS, TRADING, DOW JONES INDUSTRIAL AVERAGE, S&P 500, S&P,...
10 percent, to $22.67 in after-hours trading. Earlier, the stock dropped 42 cents to close at $25.21. Retail Sears...
by 10%, to 2.7 million vehicles. Shares of Toyota were up 44 cents to $88.44 in morning trading. Sears' profit plunges...
peak. As crude has fallen from its record, Macy's (M) shares rose 17%, Amazon.com (AMZN) jumped 22%, and Sears Holdings...
Recently, Sears (SHLD) no longer seems to be where America shops for much of anything. Sales skidded 9.
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