Sears, The Retail Giant That Changed America, Declares Bankruptcy
Sears, the chain that changed the retail industry in America, has filed for Chapter 11 bankruptcy protection just after midnight early hours of Monday, ahead of the crucial holiday shopping season, The 132-year-old More...
As losses grow, SEARS names outside investor Bruce Berkowitz to board
Feb 25 Sears Holdings Corp appointed its largest outside investor Bruce Berkowitz to the board on Thursday after he signaled he wanted to play a more active role in trying to turn the loss-making retailer More...
Sears, Walmart to stop selling Confederate flag merchandise
Eddie Lampert‘s Sears Holdings Corporation, which operates Sears and Kmart said it would remove confederate flag merchandise sold by third-party vendors online. It does not currently sell confederate More...
Why Jews are Among the Best Hedge Fund Managers? David Tepper, George Soros, Leon Cooperman and More
Jews are well-known for being entrepreneurs, traders and business-people who beat the odds. Out of the best 25 money managers since the advent of American Capitalism, 17 are Jewish! It is something that More...
Sears says online chief resigns, key member of management team
– The head of Sears Holdings Corp‘s online operations and a key member of Chief Executive Eddie Lampert‘s management team has resigned and will leave the company in February to pursue a new More...
Sears, 3 Other Retailers, Suffering From Holiday Depression
Retail has always been a tough industry, but with ecommerce, price slashing promotions and competition, the waters are rough for many once successful companies, according to News telegram.com. Sears More...
Sears Is Getting Seared As Lampert Sells His Company to Himself
Sears Holdings (SHLD) shares rose 31% on Friday, and at first glance, one might think that is an indication that the stock is in recovery mode. However, the stock flew up on news that CEO Eddie More...
Eddie Lampert Gives Sears Another Cash Infusion
An iconic brand that seems like it is on its last legs is going to get a cash infusion by its CEO Eddie Lampert to raise liquidity ahead of the holiday season, as reported by CFO. Lampert’s hedge fund More...
CEO Eddie Lampert Bailing Out Sears Yet Again, Calming Suppliers in Holiday Season
Sears Holdings Corp (SHLD.O) will raise $625 million through an unsecured loan and equity warrants—its third fundraising in a month—in an attempt to calm suppliers’ anxiety going into the holiday season, More...
Bruce Berkowitz May Help Eddie Lampert Bail Out Sears
– Sears Holdings (SHLD) has certainly seen better days, and now the lagging company needs to be propped up with a short-term loan from CEO Eddie Lampert’s ESL Investments. Bruce Berkowitz More...