Tuesday, September 25, 2018

Without Lampert, Sears would have long since gone under

Chain Store Age
There can be no doubt that Eddie Lampert has made an enormous effort to keep Sears afloat over the past few years; indeed, had Sears been owned by anyone else it would have likely long since gone under.

These latest plans represent a stepping up of the mission to resolve the company’s financial woes. The proposed asset sales are significant as is the offloading of real estate. Should both plans succeed, they would indeed help Sears pay down some of its enormous debt burdens and provide it with a buffer of liquidity. . . . more