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Topic: Edward Lampert

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Sears chairman makes $4.4B bid to save company

U.S. News // 5 years ago

Sears chairman makes $4.4B bid to save company

Sears received a reprieve from liquidation after chairman Edward Lampert made a $4.4 billion bid to buy it at the last minute.

Sears to close another 72 stores amid falling sales

U.S. News // 5 years ago

Sears to close another 72 stores amid falling sales

Sears announced Thursday it plans to close dozens more stores in the United States that are no longer profitable.

Sears to close 50 auto centers, 92 Kmart pharmacies

U.S. News // 7 years ago

Sears to close 50 auto centers, 92 Kmart pharmacies

Retail giant Sears said it will close 50 auto centers and 92 pharmacies inside Kmart stores in a bid to further cut costs in the face of rising red ink.

Business News // 1 decade ago

Sears intends to spin off Lands' End

U.S. retailer Sears Holding Corp. said in a regulatory filing Friday that it would move to spin off its Lands' End clothing and home furnishing retail chain.

Business News // 1 decade ago

Sears trying out online drive-thru concept

Sears Holdings Corp., experimenting with ways to bring the U.S. retailer back to life, says it will unveil a warehouse concept featuring a drive-through window.

Entertainment News // 1 decade ago

Jaclyn Smith in at Kmart, Martha out?

U.S. retailer Kmart has signed a deal with former "Charlie's Angels" star Jaclyn Smith to launch a new bed and bath product line, the company says.

Business News // 1 decade ago

Sears investors urge asset sell-off

Most investors in the ailing U.S. retailing giant Sears think turnaround efforts are unlikely to work and are urging an asset sell-off, a report said Saturday.

Business News // 1 decade ago

Sears cuts 100 jobs at headquarters

Sears Holding Corp. cut 100 jobs at company headquarters in Illinois, a spokesman said.

Business News // 1 decade ago

Founder may be eyeing Lands' End

Gary Comer, the billionaire founder of the preppy Lands' End brand now part of Sears Holding Co., may be interested in buying his baby back.

Business News // 1 decade ago

Sears, Kmart ready for 'big-box'-ing match

Can two legendary U.S. retailers successfully join forces to defeat an onslaught of cheap big-box competition? Sears and Kmart are going to try.

Quotes

It's probably obvious that size is important to be able to compete effectively
Sears, Kmart ready for 'big-box'-ing match Nov 17, 2004

The merger will enable us to manage the businesses of Sears and Kmart to produce a higher return than either company could achieve on its own
Sears, Kmart ready for 'big-box'-ing match Nov 17, 2004

We are excited to have Aylwin Lewis join us as our president and CEO
Kmart names Lewis new CEO Oct 18, 2004

Edward S. "Eddie" Lampert (born July 27 1962) is an American investor, financier and businessman.

He is the chairman of Sears Holdings Corporation(SHLD) and founder, chairman, and CEO of ESL Investments. Until May, 2007 he was a director of AutoNation, Inc. He previously served as a director of AutoZone, Inc. from 1999 to 2006.

Lampert graduated from Yale University in 1984 (B.A., economics, summa cum laude), where he was a member of Skull and Bones and Phi Beta Kappa. He was an intern at Goldman Sachs in July 1984, and worked in the firm's risk arbitrage department from March 1985 to February 1988. He worked directly with Robert Rubin; when Lampert decided to go out on his own, Rubin warned it was a bad career decision.

FULL ARTICLE AT WIKIPEDIA.ORG

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It uses material from the Wikipedia article "Edward Lampert."