The once-mighty retailer continues to fade, with sales plummeting 25% last year. In the company’s most recent, dispiriting earnings call, CEO and largest shareholder Eddie Lampert suggested his hedge fund, ESL, might buy Sears’ Kenmore brand and some of its real estate.
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News about Sears Holdings
Steven Mnuchin and Eddie Lampert's close relationship plays a part.
The company was once an even more dominant force in retail than Amazon is today.
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The 125-year-old department store chain has collapsed with too few shoppers and too much debt.
It may officially be the end of an era.