Latest Eddie Lampert News

Sears sues former chairman Eddie Lampert

Apr. 18, 2019 2:02 PM EDT

NEW YORK (AP) — Sears Holdings Corp. is suing its former chairman and largest shareholder Eddie Lampert, alleging the billionaire stripped the once iconic company of more than $2 billion in assets. The lawsuit, which was filed late Wednesday with the U.S. Bankruptcy Court of the Southern District of New...

Sears ditches clothing with new smaller format

Apr. 4, 2019 1:58 PM EDT

NEW YORK (AP) — After its journey through bankruptcy, Sears is getting ready to open its first batch of smaller stores that won't carry clothing but will instead focus on appliances, mattresses and home services. The move comes after Sears has shuttered hundreds of stores in recent years. The first three...