edward lampert

On Tuesday, Sears Holdings announced it would close as many as 120 Sears and Kmart stores after a holiday sales season in which it fell flat on its face. What Sears really needs is a new image -- an idea that will lure shoppers back. Could "Made in the USA" be it?

Shares of Sears Holdings fell 27% Tuesday on news that the retailer would close as many as 120 poorly performing Sears and Kmart stores -- an unusually harsh response to a cost-cutting measure. Clearly, investors are concerned that the problems run much deeper -- and they're right to worry.

When Sears and Kmart were merged into Sears Holdings by Eddie Lampert, it looked like he had a reasonable plan to reinvigorate the two battered retailers. What went wrong? Just about everything.

Forbes is the leader in gawking at the richest among us. Its latest list of billionaires shows that they took a $300 billion hit in 2008 -- down 19 percent, to $1.27 trillion. More interesting than that is Forbes's analysis of some of the common traits of the members of their list. When it comes to...

Martha Stewart has built a reputation for never doing anything halfway. And that includes biting the hand that used to feed her. In an interview on CNBC Wednesday morning to talk about her new deal with Home Depot Inc. (HD), she had a few not-so-good things to say about Kmart, its parent company...

Five years ago, Eddie Lampert was seen as the next Warren Buffett. Having gained control of bankrupt retailer Kmart Corp. in 2003, the businessman snapped up Sears. Roebuck & Co. for $11 billion. Wall Street hailed the combination, expecting big things from Lampert. "Sears has its own $2.7...