The announcement follows another quarter of declining sales and red ink, renewing concerns about the once-mighty company’s future. More than a decade after he merged Sears and the formerly bankrupt Kmart, the 54-year-old Lampert is still trying to find a formula that will lift both chains out their protracted slump.
Thursday, August 25, 2016
Sears to Borrow $300 Million From Lampert as Losses Mount
http://www.bloomberg.com/news/articles/2016-08-25/sears-posts-second-quarter-loss-as-decline-in-sales-persists
The announcement follows another quarter of declining sales and red ink, renewing concerns about the once-mighty company’s future. More than a decade after he merged Sears and the formerly bankrupt Kmart, the 54-year-old Lampert is still trying to find a formula that will lift both chains out their protracted slump.
The announcement follows another quarter of declining sales and red ink, renewing concerns about the once-mighty company’s future. More than a decade after he merged Sears and the formerly bankrupt Kmart, the 54-year-old Lampert is still trying to find a formula that will lift both chains out their protracted slump.
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