Thread regarding Sears layoffs

We can't know for sure what would've happened if Eddie Lampert hadn't gotten involved. But the $6 billion dollars he wasted on share buybacks would've gone a long way toward building an alternative future with the Sears Grand concept, or maybe smaller stores. As it is, the company is doomed. He didn't start the downhill slide, but he killed any chances for recovery.

@2ilp - "The store was bankrupt when he bought it." Look who is spouting off "fiction," Sears had never declared bankruptcy prior to Eddie's takeover in 2005. In 2005 Sears was still a viable retailer in need of direction. Eddie claimed that he would provided that direction, however, all he did was pillage the company for his own personal gain. You are such a hypocrite; you point out a typo by someone else, but then you post a blatant lie.

Great article, as fiction ... “As in-store sales lagged, Sears sold off major assets like Craftsman brand tools and Land’s End outdoor equipment to service the loans” lands end outdoor equipment???

The store was bankrupt when he bought it.

Excellent read.

The beloved CEO is nothing but a vulture capitalist. He's been raping and pillaging the grand old lady since 2005. There's a special place in hell for him and the board of directors who are complicit in the theft.