Eddie Lampert is reportedly fed up. Or possibly he no longer sees the point. Either way Lampert, the hedge fund manager who controls Sears, is reportedly not going to lend the company money to repay $134 million in debt, which is due next week, according to multiple news accounts that have cited people familiar with the matter. He has bailed the retailer out multiple times already and most recently, proposed a major restructuring of the company’s debt and retail operations.
Assuming these accounts are true, what will happen to the retail landscape under a Sears bankruptcy?. . . more