Sears, Kmart stores ailing as CEO Eddie Lampert's hedge fund gets hundreds of millions

As many Sears and Kmart stores appear to be on life support, CEO Edward Lampert’s hedge fund, ESL Investments, is getting $200 million to $220 million in annual loan payments while Sears has steadily lowered spending on its struggling stores. At the same time, competitors have continued reinvesting.

     

 

 


Source: USA Today

Sears, Kmart parent company to close another 63 stores as sales crisis continues

  1. Sears, Kmart parent company to close another 63 stores as sales crisis continues  USA TODAY
  2. Sears Is Closing More Stores as Sales Shrink For 26th Quarter in a Row  Wall Street Journal
  3. Brooklyn Center Sears on list of stores to close this summer  Minneapolis Star Tribune
  4. Sears and Kmart Are Closing 72 More Stores Across the Country  GoodHousekeeping.com
  5. Full coverage


Source: Google News