[…] retail business. Tracking Two Moguls Veiled as Retailers I\’ve had fun over the past couple of decades, first covering Eddie Lampert\’s publicly declared intention to return Sears and Kmart to the iconic and powerful brands they once were, and the […]
Q. What do real estate and finance have in common? A. Richard Baker and Eddie Lampert. Q. What do Richard Baker and Eddie Lampert have in common? A. Both designated themselves retail CEO’s. Q. What do the success factors in […]
[…] such as launching stores in Canada, he is engineering other financial value boosting ideas. The comparisons made between Baker and Lampert are valid concerns for Kohl’s to be wary. Since Baker has been at the Saks helm for about nine […]
Now that Eddie “sell the assets” Lampert is turning his dying retail business into a real estate play, he should retain Richard Baker as a consultant. If Lampert can afford him. Of course Richard doesn’t need the money, so he […]
With all due respect, after two decades of my tracking Eddie Lampert’s brilliant financially engineered demise of Sears and Kmart, while he personally pocketed a few billion dollars of “unlocked value” along the way, I would have loved to deliver […]
Eddie “fast buck” Lampert is squeezing the proverbial turnip for more cash — as the musicians aboard the sinking “Titanic” are now truly playing “Nearer My God to Thee.” The cash he’s squeezing out is his own, in the form […]
Eddie \”abracadabra\” Lampert is like a dog with a rag in its mouth playing tug-a-war with its master. He just won\’t let go. When he acquired Sears and Kmart in the early 2000s, he was publicly trumpeting that he was […]
Beware of The Eddie Lampert/Richard Baker REIT Syndrome Macy’s is not in the real estate business; it is in the business of satisfying consumers’ dreams as one of the largest retail brands in the world. If Macy’s reduces one iota […]
[…] think about it. It’s a win-win for both Jeff “Get Big Fast” Bezos and Eddie “Take the Money and Run” Lampert. Amazon gets roughly 2400 US stores (or “buildings”), overnight (1300 Sears, 1100 Kmart). The acquisition becomes Bezos’ answer to […]
[…] Then, his coup de grâce: The purchase of 51 Kmarts from none other than Kmart’s newly installed principal shareholder, Eddie Lampert, for $605 million. These stores were to be the backbone of another failed Lacy strategy called Sears Grand. His […]
