Thanks to a combination of neglect, mismanagement, a weak economy and the ever-changing dynamics of retail, the unthinkable may happen. After years on death watch, Sears Holding may actually fall — joining the ranks of retailers like Borders and Blockbuster as mere entries in the archives of Wikipedia. A new round of store closings was recently announced. Key executives are leaving. Sales have been in steady decline for years. These aren't good signs.
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Eddie Lampert: Retail Needs to Adapt or Die
April 5, 2012
From CNBC
Retail needs to adapt or die. That was the call to action sounded by Eddie Lampert, founder of ESL Partners, which controls about 60 percent of Sears Holdings. Lampert said changes in the retail industry have been great for consumers, but there's a question about whether they've been great for businesses. “J.C. Penney is in need of reinvention, Sears is in need of reinvention, Best Buy [is] in need of reinvention,” he said. “And that means that you’re going to have to try new things. That doesn’t mean you're going to be successful, but you have to try to change.”
Lands’ End on the Market?
March 29, 2012
From New York Post
Eddie Lampert is cleaning out the closet at Sears, and he’s not feeling sentimental about Lands’ End. The number-crunching hedge fund tycoon — who, as chairman of Sears Holdings, has lately been scrambling to raise cash amid heavy losses at the Sears and Kmart retail chains — has quietly been shopping the Dodgeville, Wis.-based mail order catalog to potential buyers, The Post has learned.
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