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Tag Archives: Sears

Sears and Amazon: Retail Innovation at a Glance

retail innovation

For Amazon and Sears, retail innovation has not been an overnight undertaking. Long before the companies made their marks on retail history, Sears got its start along Minnesota railroad tracks. Amazon began its global ascent from Jeff Bezos’ garage in ... Read More »

Sears Emerges From Bankruptcy Proceedings

ESL Investments

Sears will live to sell another day, CNN reports. After reviewing a $5.2B bid to save the company, bankruptcy court judge Robert Drain approved the sale of most of Sears’ assets to ESL Investments, the hedge fund managed by Edward ... Read More »

Sears Chairman’s Hedge Fund Wins Bankruptcy Auction

sears

ESL Investments, the hedge fund managed by Sears chairman Edward Lampert, has prevailed in a bankruptcy auction to save Sears from liquidation, according to a report from Reuters. The bid is valued at more than $5.2 billion and is more ... Read More »

Chairman Prepares Revised Bid to Save Sears

sears

Edward Lampert, chairman and former CEO of Sears, has announced a new $5 billion plan to save the company, according to a report from Reuters. Lampert’s revised offer will be reviewed by Sears at a Jan. 14 bankruptcy auction. The ... Read More »

Sears Chairman Proposes $4.4B Offer to Buy Company

sears chairman

Sears will possibly avoid company liquidation because Sears chairman Edward Lampert proposed to purchase the company for $4.4 billion, according to a report from CNBC. The proposal was formally submitted through an affiliate of ESL Investments, the hedge fund Lampert ... Read More »

Sears Files for Bankruptcy Protection, Plans to Close 142 Stores

bankruptcy protection

Sears Holdings Corp. has filed for bankruptcy protection and plans to close another 142 stores. Edward Lampert will also vacate his position as the company’s CEO immediately, reports the Chicago Tribune. Three executives will fulfill Lampert’s duties as CEO, according ... Read More »

Stanley Black & Decker to Begin Selling Craftsman Tools

stanley

Stanley Black & Decker will introduce its own line of Craftsman tools at Lowe’s and Ace Hardware stores in September, the Chicago Tribune reports. In March 2017, Stanley Black & Decker finalized the acquisition of the Craftsman brand from Sears, ... Read More »

Sears CEO Makes Proposal to Buy Kenmore Brand

ESL Investments

ESL Investments, the hedge fund operated by Sears Holding Corp.’s CEO Edward Lampert, has made a formal bid to purchase the Kenmore brand from Sears, the Chicago Tribune reports. Earlier this year, it was reported that Sears was mulling the ... Read More »