Wednesday, February 13, 2019

Lampert to shrink size of Sears stores

Chain Store Age
Eddie Lampert, who completed his $5.2 billion acquisition (via his ESL Investments hedge fund) of the bankrupt chain on Feb. 12, told The Wall Street Journal that his goal is to shrink the size of existing Sears stores and open more smaller-format locations. Less apparel and more tools and appliances is also part of his strategy.

In the interview, Lampert said he thinks Sears could be a public company at some point in the future.. . . more