Lampert didn't win the auction to preserve the Sears brand. He will sell off their trusted brands Kenmore, Craftsman, Die Hard, and maybe others to the highest bidders, then sell off the Sears real estate holdings. Retail, especially without a viable net presence can't survive.
As if! 🤣🤣🤣🤣🤣
Sears starting closing Kmart's stores all over starting in 2015
Have you been inside a Sears lately? The merchandise is flea market quality
I'd like to slap that smile off his face. Closures of hundreds of stores including Kmart stores and thousands of jobs gone.
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Sears Chairman Eddie Lampert to work on a higher bid to keep Sears aliveIt could not be immediately determined whether Chairman Eddie Lampert will be able to pull together an offer for Sears that sufficiently addresses a prior bid's shortcomings. A fool and his money... ICTBiz_BHorwath Rename it... Sears: America's Store Keep you're money sir it's a bad buy! Craftsman sold out to Asia America will not support a business that does that! Just look at GE.
Source: CNBC - 🏆 12. / 72 Read more »
Ex-Sears CEO Eddie Lampert orchestrated 'scheme' to 'steal' Sears, creditors allegeSears boss and investor Eddie Lampert orchestrated a 'multi-faceted scheme' to strip the company of assets, major creditors alleged. That is correct If true I hope he does time for it. Of course Eddie Lampert did. He began when he bought Sears. He has been stripping assets for years. It's been in the news for years.
Source: USATODAY - 🏆 100. / 63 Read more »
Sears Chairman Eddie Lampert prevails with strengthened bid in bankruptcy auction: Reuters
Source: MarketWatch - 🏆 3. / 97 Read more »
Sears avoids liquidation as Eddie Lampert wins bankruptcy auctionLampert's bid will keep about 400 stores open and retain 50,000 jobs. Since filing for bankruptcy in October, Sears has been facing a possible liquidation. The department store has been losing money and closing stores for years. Many employees and analysts blame Lampert for the retailer's decline. Sears I wonder what happens to the loan Great American liquidators gave them for $350 million? They were hoping of course they would default so they could liquidate the rest
Source: BusinessInsider - 🏆 729. / 51 Read more »
Sears reaches deal with Chairman Eddie Lampert to save company and roughly 400 storesSears Holdings reached a roughly $5 billion deal with Chairman Eddie Lampert early Wednesday morning to keep the company, and roughly 400 stores, in operations, according to a person familiar with the situation. Save 🤣🤣🤣 Huge Package for Execs, & then will sell off piece by piece - screwing over workers & pensions! Don't kId yourself! Vulture Capitalists! PERIOD! Lets start a pool. I give them 2 yrs at the most. Same management will result in the same results.
Source: CNBC - 🏆 12. / 72 Read more »
Sears Chairman Eddie Lampert revises his bid to save the company, report saysAmid an auction of its assets, Sears chairman Eddie Lampert has tweaked his bid for the beleaguered retailer according to Bloomberg This guy gives a new meaning to stupid rich The reason Sears is a 'beleaguered retailer' is because vulture capitalist Lampert stripped it of all its assets.
Source: USATODAY - 🏆 100. / 63 Read more »
Eddie Lampert submits revised bid of roughly $5 billion in last-ditch effort to save SearsThis latest attempt comes one day after Lampert's initial $4.4 billion bid to save Sears was rejected by the company. WHY Tossing more money at it won’t help. It’ll only prolong the pain. They’ve had plenty of time to revitalize operations, and failed. The only successes was picking what was Sears apart. Anyone can do that. fail sears sad What is Sears worth ?
Source: CNBC - 🏆 12. / 72 Read more »
Eddie Lampert makes new offer for Sears worth more than $5 billionsears is not worth 5 billion About the troubles of Sears and Eddie Lampert: Last time I called them to fix an appliance the man could not, but tried to sell me an annual service contract anyway. His only accomplishment was to use our toilet efficiently (took half the time he was here)... NYSE
Source: MarketWatch - 🏆 3. / 97 Read more »
Lampert submits revised, $5 billion bid for Sears: reportCrypto is a funny place, so many project but how do you pick the one to invest? Do your homework I pick GetDeepOnion it has great user case $ONION deeponion
Source: MarketWatch - 🏆 3. / 97 Read more »
Win or lose, Sears' chairman may still come out on topNEW YORK (AP) — As Sears teeters on the brink of collapse, one man stands at the center of the fight for the future of the iconic retailer. Eddie Lampert plays several often-conflicting roles in what could be the final chapter for the company that began as a mail order watch business 132 years ago. He's been chairman, CEO, landlord, lender, and largest shareholder — all at the same time. If the company survives, he wins. If it ends up liquidating, he also wins. No one is surprised. No one. Got to love when you write the laws to favor your business transactions. The Rich get Richer and the poor people who work for Sears And Kmart lose their jobs!! 😡Same shit, different day! 💩 mondaythoughts
Source: AP - 🏆 728. / 51 Read more »