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RE: BREAKING: Sears closing 150 stores & selling the Craftsman brand for nearly $1 billion to Stanley Black & Decker!
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Thanks
Lampert destroying the icon.
Lampert is making the best of a terrible situation. Retail is collapsing around him. Sears is among the weakest of all the large retail groups in America. There is no way to save this business. So his job is to maximize the value of these assets for his shareholders. And that's precisely what he's doing.
...accounts of Lampert "burning the furniture" to keep the lights on. When you read that stuff, just chuckle. Lampert is turning the lights off as fast as he can, while extracting billions and billions in capital for Sears' owners (and himself, of course!)
TY for the comments