Pursuits
Sears CEO Lashes Out at Suppliers Trying to ‘Take Advantage’
- ‘Dire predictions’ of chain’s future have taken toll, he says
- Sears sues vendor One World in state court in Chicago
Sears Filing Sparks Concern That the End Is Near
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Sears Holdings Corp. Chief Executive Officer Eddie Lampert vowed to fight back against suppliers trying to take advantage of his company, saying that “dire predictions” about the retailer’s future have hurt its position with vendors.
The department-store chain has been working with suppliers to ensure that their level of credit risk is “both affordable and appropriate,” but some vendors have tried to capitalize on its situation, Lampert said in a blog post.