Saks + Neiman’s, Better Than the Sum of Their Parts?
Richard Baker bids $2.65B to acquire Neiman Marcus, aiming for a Saks Fifth Avenue synergy in luxury retail.
Warren Shoulberg
July 9, 2024
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Don\’t Fall for It, Macy\’s
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 […]
Robin Lewis
June 10, 2015
The Rise & Still-Falling Iconic American Brand
This article is not an attempt to match Edward Gibbon’s epic book, The Rise and Fall of the Roman Empire, in quantity or quality, although its quantity might seem as intense. And it’s not another bashing of Eddie “the magician” […]
Robin Lewis
October 10, 2017
Sears\’ Last Gasp: In the Asset Leasing and Loan Business
I thought I wrote the final word and all that was worth saying two weeks ago about the inevitable collapse of Sears in my article Sears: Nothing Left But its Past. As I said then, there’s nothing left but its […]
Robin Lewis
December 2, 2014
Two Real Estate Moguls. Note to Kohl’s: Repel, Repel, Repel
Let’s take a look at the situation Kohl’s is up against, and it isn’t pretty. Mr. Richard Baker I have already expressed my opinion of HBC’s intent to acquire Kohl’s, under the leadership of the now high-profile Richard Baker. My […]
Robin Lewis
May 2, 2022
Saks\’ Bold Move
When news broke recently that HBC was splitting Saks Fifth Avenue into two, spinning off its ecommerce business from its brick-and-mortar stores, speculation swirled about the thinking behind the move. That news was followed shortly by an announcement that it […]
Pam Danziger
July 21, 2021
Why Home Furnishings Can Save Sears & Kmart… And Why It Will Never Happen
Disclaimer: This is not another opinion piece trashing Fast Eddie – aka Eddie Money, Edward Moneyhands, Edward S. Lampert. Unlike a whole lot of other people, I get what he’s doing at Sears Holdings, which is making a lot of […]
Warren Shoulberg
September 9, 2012
Sears: Nothing Left But its Past
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 […]
Robin Lewis
September 24, 2014
Amazon Acquires Sears
If you have any doubts, just wake up and 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 […]
Robin Lewis
April 16, 2014
HBC + Macy’s: Real Estate or Retail?
The Wall Street Journal reported that HBC had made an “overture” to acquire Macy’s. And even though HBC’s market cap is around $2 billion, a bit small to digest Macy’s roughly $10 billion cap, HBC could leverage its considerably high-valued […]
Robin Lewis
February 6, 2017