Tag Archives: Edward Lampert

Blog: Ma Lauded, Lampert Dissed

David Gill

HANOVER, N.H.-This year’s list of best and worst CEOs has come out, with Jack Ma of Alibaba finishing on the positive side and Eddie Lampert of Sears Holdings among the negatives. The two lists are provided each year by Sydney Finkelstein, professor of management at Dartmouth University’s Tuck School of Business and author of “ThinkMore »

Last updated: December 19, 2014

Sears Q3 Loss Rises as Sales Fall

Sears Holdings

HOFFMAN ESTATES, Ill.-Weak sales and low margins led Sears Holdings to a $548 million net loss in its fiscal third quarter, compared to a $534 million net loss in the third quarter of last year. Net sales in the quarter, which ended on Nov. 1, totaled $7.2 billion, down 12.9 percent from last year. TheMore »

Last updated: December 4, 2014

Sears Refutes Store-Closings Report

Sears Holdings

HOFFMAN ESTATES, Ill.-A Sears Holdings spokesman said a news report detailing a number of closings of Sears, Kmart and Sears Auto Center locations is inaccurate. The story, which appeared on the stock-market website Seeking Alpha, said Sears would close 116 stores under all three nameplates, with layoffs of more than 6,000 workers. Responding to aMore »

Last updated: October 24, 2014

Great Expectations

Duke_Ratliff

Pity the home furnishings industry exec on a long summer vacation—he or she will return to work with a whole new landscape of retail leaders. For those keeping score at home (along with the imaginary, anachronistic exec who could actually take vacation all summer), here’s a brief rundown on the recent CEO shuffle: Target namedMore »

Last updated: August 28, 2014

Sears’ Red Ink Grows in Q2

Sears Holdings

HOFFMAN ESTATES, Ill.-Sears Holdings reported a net loss of $573 million in its fiscal second quarter, compared to a net loss of $194 million in the second quarter of last year. Edward Lampert, the company’s chairman and CEO, termed the bottom-line performance “unacceptable” and said the company is taking steps to address the results. “ThisMore »

Last updated: August 21, 2014

Sears Names James to Head Kmart

kmart

HOFFMAN ESTATES, Ill.-Alasdair James has been appointed president and chief member officer of Kmart by the mass retailer’s parent, Sears Holdings. In his new role, James oversees the Kmart operation, including the driving of the format strategy, managing profit and loss and “aligning merchandise, marketing, pricing and selling with the needs and wants of ShopMore »

Last updated: August 12, 2014

Q1 Loss Up at Sears; Company Closes Stores

Sears Holdings

HOFFMAN ESTATES, Ill.-Sears Holdings said its first-quarter net loss totaled $402 million, compared to $279 million last year, and added that it has closed about 80 underperforming stores this year and may close more during the remainder of the year. Edward Lampert, chairman and CEO of the Sears/Kmart parent, said the first quarter reflected theMore »

Last updated: May 22, 2014

Sears Slims Q4 Loss; Fiscal-Year Loss Increases

Sears

HOFFMAN ESTATES, Ill.-Sears Holdings said its fourth-quarter net loss fell from $489 million last year to $358 million in this year’s quarter. Meanwhile, the company’s net loss for the fiscal year ending on Feb. 1 rose from $930 million to $1.4 billion. Edward Lampert, Sears Holdings’ chairman and CEO, said the company’s results continue toMore »

Last updated: February 27, 2014