Feb 26 (Reuters) - Weak sales and tight cash levels at Sears Holdings Corp have added urgency to Chief Executive Eddie Lampert 's plan to generate cash by spinning off stores into a trust.
Holdings [ SHLD ] has jumped around on the sale-and-leaseback of up to 300 stores via the formation of a REIT. But Lampert [owns 48.5% of SHLD through ESL Investments ] is long on talk and short on disclosures – operational as well as info on closed, open and collateralized stores
NEW YORK (Reuters) - U.S. retailer Sears Holdings Corp , which has been struggling to generate cash from its operations, sees room to close more stores next year, Chief Executive Edward Lampert said...
answer session with chairman and now CEO Edward Lampert . In his presentation to shareholders, Lampert emphasized Sears' technology investments ..... the progress of technology enhancement and Lampert 's assessment of the strategic situation
depart at the end of the fiscal year and that chairman Eddie Lampert will assume the role of CEO, with no announcement of ..... to even small changes in merchandise margins. Since Lampert has already been involved in the digital transformation
member Sears Holdings SHLD out of the index because less than 50% of the company is publicly owned. (Sears chairman Edward Lampert reportedly owns 62% of the retailer.) The MSCI U.S. Broad Market Index is far less discriminating, however
shareholders the right to a share in the new entity, which they already own as part of Sears Holdings. Chairman Edward Lampert expects to fully exercise his pro-rata share of rights (62% ownership of Sears Holdings); therefore, minority
(Reuters) - If hedge fund manager Eddie Lampert wants to save one of the oldest retail empires in the United States, he should consider shutting down Sears Holdings Corp's Kmart discount chain and...
HOFFMAN ESTATES, Illinois (Reuters) - Edward Lampert said on Tuesday there were "no excuses" for the poor first quarter of Sears Holdings Corp and it must do better.
finance share buybacks through the years . ( Edward Lampert , Sears Holdings'SHLD CEO , who has an affinity ..... repurchases , owns about 40 % of AutoZone through ESL Investments . While Lampert resigned from AutoZone's board in 2006 , we