Eddie Lampert

Sears Owner Seeks to Opt Out of Severance Payments
Human Capital

Sears Owner Seeks to Opt Out of Severance Payments

Eddie Lampert had promised to pay $43 million to former workers.
By Lauren Muskett | May 30, 2019
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Sears Accuses ex-CEO of Looting $2B in Assets
Risk & Compliance

Sears Accuses ex-CEO of Looting $2B in Assets

The bankrupt retailer alleges Eddie Lampert and other investors siphoned off assets for their own gain through fraudulent spinoffs and other deals.
By Matthew Heller | April 19, 2019
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Chairman Lampert Wins Auction to Save Sears
Bankruptcy

Chairman Lampert Wins Auction to Save Sears

The bankrupt retailer's "hand has not changed and the cards it holds are not winning ones," an analyst says.
By Matthew Heller | January 17, 2019
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Sears Eyeing Chapter 11 With Debt Payment Due
Bankruptcy

Sears Eyeing Chapter 11 With Debt Payment Due

"This is the inevitable end game of an effective liquidation process that has been going on for many years," a retail analyst says.
By Matthew Heller | October 10, 2018
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Sears CEO Proposes $1.1B Debt Restructuring
Corporate Finance

Sears CEO Proposes $1.1B Debt Restructuring

Eddie Lampert says the retailer must act "without delay" to address “significant near-term liquidity constraints."
By Matthew Heller | September 24, 2018
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Sears Reviewing Sale of Kenmore, Other Assets
M&A

Sears Reviewing Sale of Kenmore, Other Assets

The proposed sale to CEO Eddie Lampert's hedge fund would further his goal of making Sears an "asset light" business.
By Matthew Heller | May 14, 2018
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Sears Takes More Steps to Shore up Finances
Strategy

Sears Takes More Steps to Shore up Finances

If the refinancing effort is not successful, the company "will consider all other options" to maximize asset value.
By Matthew Heller | January 10, 2018
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Sears Narrows Loss But Comp Sales Drop 15%
Financial Performance

Sears Narrows Loss But Comp Sales Drop 15%

While store closures helped Sears cut its third-quarter loss by nearly $200 million, "the fundamental economics of the business do not add up."
By Matthew Heller | November 30, 2017
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PBGC OKs Sears Asset Sales for Pension Relief
Retirement Plans

PBGC OKs Sears Asset Sales for Pension Relief

The lifting of a "ring-fencing" restriction will allow the embattled retailer to raise $407 million to contribute to its underfunded pension plans.
By Matthew Heller | November 8, 2017
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Sears Swings to Profit But Sales Slide Continues
Financial Performance

Sears Swings to Profit But Sales Slide Continues

"There's no turnaround. Anybody who suggests that that's the case... is suffering from a loss of reality."
By Matthew Heller | May 26, 2017
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Riecker Named Sears’ Third CFO in Past Year
Strategy

Riecker Named Sears’ Third CFO in Past Year

The retailer's current controller takes over as finance chief as it struggles to restructure through asset sales and store closures.
By Matthew Heller | April 24, 2017
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Sears Sells Craftsman Tools in Latest Cash Move
Strategy

Sears Sells Craftsman Tools in Latest Cash Move

The $900 million sale of the iconic brand to Stanley Black & Decker will expand distribution of Craftsman to additional channels.
By Matthew Heller | January 5, 2017
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Latest Sears Loss Fuels Bankruptcy Speculation
Turnarounds

Latest Sears Loss Fuels Bankruptcy Speculation

“While Sears was once a titan of U.S. retail, it now looks set to sink,” one analyst predicts.
By Matthew Heller | December 8, 2016
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