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Saturday, 25 June 2016

Time for Lampert to admit defeat running Sears

Ebenezer Lampert

The latest bad news should end the hedgie’s retail experiment. After 18 quarters of falling sales, his capex-light strategy hasn’t turned Sears into a retail winner - or into a cash cow. A good 2012 resolution for Lampert would be to go back to managing money, not stores.

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