Deals
Sears’s Lampert Broadens Breakup Plans as Sales Slump
This article is for subscribers only.
Eddie Lampert, who has been slicing off pieces of his Sears Holdings Corp. for years, is poised to break off even bigger chunks of the business as he seeks to generate cash to revive the ailing retailer.
Lampert, Sears’s chairman, chief executive officer and largest shareholder, said yesterday that the company is considering separating the Lands’ End apparel business as well as Sears’s line of automotive-service centers. The retailer’s statement hinted at a spinoff for Lands’ End and a possible sale of the auto business, according to analysts.