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At Sears, Those Big Losses Get in the Way
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Sears Holdings spent $1.46 per square foot in 2012 on its stores compared to an average of $9.45 per square foot for Target, Penneys, Walmart, Lowe's and Home Depot, according to this report. Lampert counters this by saying his fund made investments in technology and online retail. Yet Sears stock is up 41% for the year by Oct 2013 largely on the basis that Sears Holdings is worth much more for its parts. Land's End is being put up for sale as well as other pieces of Sears Holdings by Ed Lampert's Hedge Fund ESL Investments.
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For Once-Mighty Sears, Pictures of Decay
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Wall Street Journal 10/30/2013
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As Sears Gasps, Lampert Turns to Financial Engineering
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Grouped Articles
Sears Crucial Appliance Sales Erode
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For Once-Mighty Sears, Pictures of Decay
New York Times 10/29/2013
Wall Street Journal 10/30/2013
At Sears, Those Big Losses Get in the Way
New York Times 11/02/2013
As Sears Gasps, Lampert Turns to Financial Engineering
New York Times 11/11/2014
Sears strategies
08/23/2013
Grouped Articles
Sears Crucial Appliance Sales Erode
Wall Street Journal 08/23/2013
Wall Street Journal 10/30/2013
At Sears, Those Big Losses Get in the Way
New York Times 11/02/2013
As Sears Gasps, Lampert Turns to Financial Engineering
New York Times 11/11/2014
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