EDWARD LAMPERT, WHITTLING SEARS HOLDING CORPORATION BANKRUPTCY

sears holding corporation, Edward Lampert sears kenmore parts direct hedge fund bankruptcy filingEdward Lampert, the Sears Holding Corporation chairman and CEO is proposing that his hedge fund, ESL, buy the Kenmore brand as well as Sears Home Improvement and Parts Direct businesses in an effort to infuse some cash into the Sears operation and stave off a bankruptcy filing.

Critics of Edward Lampert, however, are saying that this strategy further weakens Sears by giving shoppers less reason to visit the retailer.  I tend to agree with this thinking – what would Sears be without Kenmore?  Another thought that comes to mind is that I have yet to see very successful business dealings when hedge funds and their owners try to make an imprint on retail.  Hedge funds know hedge funds; they rarely know how to deal successfully, in the true business sense, with retail operations.  I’d say that this is just another example of that unfortunate circumstance.  The All The Moving Parts concept is something that tends to escape them.

EDWARD LAMPERT, WHITTLING SEARS HOLDING CORPORATION BANKRUPTCY FILING

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