Edward Lampert

Cost-Cutting Narrows Sears’ Loss to $251M
Financial Performance

Cost-Cutting Narrows Sears’ Loss to $251M

The retailer's Q2 results were "a little bit heartening, but still left some open areas of worry," including another double-digit comp sales decline.
By Matthew Heller | August 25, 2017
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Sears Loses $395M in Another Grim Quarter
Turnarounds

Sears Loses $395M in Another Grim Quarter

The retailer's same-store sales dipped 5.2% and it is getting another $300 million in financing from CEO Edward Lampert's hedge fund.
By Matthew Heller | August 25, 2016
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Sears Posts Loss; CFO Resigns
Turnarounds

Sears Posts Loss; CFO Resigns

Revenue fell 8.3% to $5.39 billion, primarily driven by a 6.1% decline in comparable store sales during the first quarter.
By Katie Kuehner-Hebert | May 26, 2016
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Sears Starts to Harvest Its Real Estate
Operations

Sears Starts to Harvest Its Real Estate

The retailing giant is forming a real estate investment trust that will buy 254 of its Sears and Kmart properties.
By Katie Kuehner-Hebert | April 1, 2015
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Sears Exploring Sale-Leaseback of Stores
M&A

Sears Exploring Sale-Leaseback of Stores

Two hundred to three hundred stores would be sold to a newly formed real estate investment trust in a further attempt to raise cash.
By Matthew Heller | November 7, 2014
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