Dec
08
For Lampert, Another Loss at Sears Adds Pressure to Sell Assets
By-
Company’s 13 percent revenue decline is worst in a year
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Retailer has already unloaded real estate, well-known brands
Edward Lampert won’t find what he wants in the 2016 Sears Wish Book: a quick end to the pain at Sears Holdings Corp., his long-faded icon of American retailing.
Lampert, the billionaire behind the hedge fund ESL Partners, has spent years propping up the department-store chain by selling off its household brands and real estate in hopes that retail business he bought more than a decade ago will return to profitability…
For Lampert, Another Loss at Sears Adds Pressure to Sell Assets
