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
Store sizes and apparel offerings will shrink.
Sears plans to run 425 smaller stores focused on selling popular products like appliances and mattresses
Simon Property Group looks at alternative ways to fill shopping centers.