Content about Edward Lampert

February 27, 2014

Sears Holdings announced on Thursday that it narrowed its fourth-quarter loss and, during 2013, made process on its transformation.

HOFFMAN ESTATES, Ill. — Sears Holdings announced on Thursday that it narrowed its fourth-quarter loss and, during 2013, made process on its transformation.

December 19, 2013

Sears Holdings has elected law firm executive Cesar Alvarez to its board of directors, the company, which owns the Sears and Kmart chains, announced.

HOFFMAN ESTATES, Ill. — Sears Holdings has elected law firm executive Cesar Alvarez to its board of directors, the company, which owns the Sears and Kmart chains, announced.

Alvarez is co-chairman of the international law firm Greenburg Traurig, which he joined in 1973. Before his appointment as chairman, he served as executive chairman for more than three years and as its CEO for 13 years, starting in 1997.

December 4, 2013

Sears Holdings chairman and CEO Eddie Lampert has pared down his stake in the retailing company, according to a regulatory filing Tuesday.

NEW YORK — Sears Holdings chairman and CEO Eddie Lampert has pared down his stake in the retailing company, according to a regulatory filing Tuesday.

A Securities and Exchange Commission filing showed that Lampert reduced his stake in Sears Holdings to 48.4%, from a 55.4% stake reported in March. That leaves him with about 51.6 million shares in the company, whose stock was valued at $50.38 per share Wednesday morning on the NASDAQ, down from its opening price of $52.62.

November 25, 2013

A report in the New York Post that Sears Holdings is looking to sell its Canadian division is false, the retailer said.

HOFFMAN ESTATES, Ill. — A report in the New York Post that Sears Holdings is looking to sell its Canadian division is false, the retailer said.

The Post reported that Sears Holdings chairman and CEO Eddie Lampert was talking with investment bankers at the possibility of selling Sears Canada.

August 22, 2013

Sears Holdings Corp.'s losses grew in second quarter 2013, while EBITDA fell despite growth in the company's online business and loyalty program, the parent company of Kmart said.

HOFFMAN ESTATES, Ill. — Sears Holdings Corp.'s losses grew in second quarter 2013, while EBITDA fell despite growth in the company's online business and loyalty program, the parent company of Kmart said Thursday.

May 30, 2013

Sears Holdings Corp. has given an award to a healthcare inventory logistics company for results from its pharmacy inventory management and compliance software.

WESTLAKE, Texas — Sears Holdings Corp. has given an award to a healthcare inventory logistics company for results from its pharmacy inventory management and compliance software.

May 28, 2013

Black turned to red for Kmart parent company Sears Holdings as the company reported losses of $279 million for first-quarter 2013, compared with a $189 million profit in first-quarter 2012.

HOFFMAN ESTATES, Ill. — Black turned to red for Kmart parent company Sears Holdings as the company reported losses of $279 million for first-quarter 2013, compared with a $189 million profit in first-quarter 2012.

At the same time, despite a 3.6% decline in comps during the quarter for the company's U.S. business, online business for its Sears.com and Kmart.com website grew by 20%, and members of its Shop Your Way loyalty program generated more than 60% of sales.

May 9, 2013

Sears Holdings has appointed Jeff Balagna as EVP and chief information officer, the Kmart parent company said Thursday.

HOFFMAN ESTATES, Ill. — Sears Holdings has appointed Jeff Balagna as EVP and chief information officer, the Kmart parent company said Thursday.

Balagna was previously chief information officer for drug maker Eli Lilly and will be responsible for Sears Holdings' technology and infrastructure initiatives in its support centers and in-store.

May 3, 2013

Jobs data from the Department of Labor released Friday show that among the 165,000 jobs added overall were 29,000 in the retail sector, results that industry trade group the National Retail Federation heralded as possibly boding well for the economy in the future.

While the numbers themselves speak volumes, it's important to consider some of the factors behind them that explain why the sector has thrived.

Jobs data from the Department of Labor released Friday show that among the 165,000 jobs added overall were 29,000 in the retail sector, results that industry trade group the National Retail Federation heralded as possibly boding well for the economy in the future.

While the numbers themselves speak volumes, it's important to consider some of the factors behind them that explain why the sector has thrived.

May 2, 2013

Among the highlights of the first Sears Holdings shareholder meeting since Edward Lampert became chairman and CEO were details on the company's progress in combining its brick-and-mortar and online businesses.

HOFFMAN ESTATES, Ill. — Among the highlights of the first Sears Holdings shareholder meeting since Edward Lampert became chairman and CEO were details on the company's progress in combining its brick-and-mortar and online businesses.

April 15, 2013

The mass merchandise retailer has garnered significant attention with its "Ship My Pants" ad, which has received close to 7.4 million views on YouTube and coverage in news outlets nationwide.

NEW YORK — If Kmart has proven anything, it's the transcendental power of potty humor. But at any rate, the mass merchandise retailer has garnered significant attention with its "Ship My Pants" ad, which has received close to 7.4 million views on YouTube and coverage in news outlets nationwide.

The ad is for a service the chain offers whereby customers who can't find what they're looking for in the store can order it online and have it shipped to them.

February 28, 2013

Kmart's comps declined 3.7% for the fourth quarter and fiscal year 2012, while parent company Sears Holdings' integrated online business grew by 25% for the quarter and 17% for the year, Sears Holdings said Thursday.

HOFFMAN ESTATES, Ill. — Kmart's comps declined 3.7% for the fourth quarter and fiscal year 2012, while parent company Sears Holdings' integrated online business grew by 25% for the quarter and 17% for the year, Sears Holdings said Thursday.

Sears' U.S. stores, on the other hand, posted a 0.8% increase in comps for the fourth quarter and a 1.4% decrease for the year, while the company's Canadian stores saw comps decline by 3.8% for the quarter and 5.6% for the year.

January 8, 2013

The CEO of Sears Holdings is stepping down due to unspecified family health reasons, the company said.

HOFFMAN ESTATES, Ill. — The CEO of Sears Holdings is stepping down due to unspecified family health reasons, the company said.

Sears, the parent company of Kmart, said Lou D'Ambrosio would step down on Feb. 2, the end of the company's fiscal year. Edward Lampert will assume the role of CEO and chairman, while D'Ambrosio will remain on the board until the company's next annual meeting, in May 2013.

December 18, 2012

The parent company of Sears and Kmart has elected an executive from the New York Mets to its board of directors.

HOFFMAN ESTATES, Ill. — The parent company of Sears and Kmart has elected an executive from the New York Mets to its board of directors.

Sears Holdings announced the appointment of Mets VP player development and amateur scouting Paul DePodesta. His election to the board brings the total number of board members to eight.