Edward Lampert

Last Update: 02-14-2017

Number of Stocks: 10
Number of New Stocks: 2

Total Value: $653 Mil
Q/Q Turnover: 1%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Edward Lampert Watch

  • US Retailers May Look Valuable, but Watch the Trap

    After some poor holiday trading updates, investors have fled the U.S. retail sector in droves in the past few weeks extending the exodus from retail stocks that has been ongoing for around six months.


    For contrarian investors, this exodus has thrown up an interesting opportunity. Shares in retailers such as JCPenney Co. Inc. (NYSE:JCP), Kohl's Corp. (NYSE:KSS), Dillard’s Inc. (NYSE:DDS), Macy’s Inc. (NYSE:M), Sears Holdings Corp. (NASDAQ:SHLD) and Nordstrom Inc. (NYSE:JWN) have fallen to 52-week lows and are now trading at relatively appealing valuations.

      


  • Sears Sells Craftsman Brand to Stanley Black & Decker

    Sears Holdings Corp. (NASDAQ:SHLD) announced today it is selling its well-known Craftsman tool brand to Stanley Black & Decker (NYSE:SWK) and will be closing 150 stores.


    Stanley Black & Decker will pay Sears $525 million at the close of the deal. After three years, it will pay $250 million. After that, Sears will be paid 2.5% to 3.5% of Craftsman sales for the remainder of a 15-year period. The total payment is estimated to amount to $900 million.

      


  • Sears CEO Eddie Lampert of ESL Investments Sells 4 Portfolio Stocks

    Eddie Lampert raised approximately $75 million selling stocks from his hedge fund’s portfolio in the third quarter. It is unknown whether any of the proceeds went toward a $300 loan he made to his struggling retailer Sears Holdings (NASDAQ:SHLD) in September, but he also spent nothing on new investments or increases to existing positions over the period.


    Since taking over as CEO in 2013, Lampert has made several loans to the company he has described in his blog as “a membership-focused, integrated retailer in the process of transforming from a traditional retail company,” since its creation in 2005 through the combining of Sears and Kmart. Sears has seen a 7.9% annual rate of revenue decline in the past five years and has not produced a profit since 2012.

      


  • Guru and Insider Invests in Lands' End

    Edward Lampert (Trades, Portfolio), insider and 10% owner of Lands’ End (NASDAQ:LE), purchased 412,294 shares in eight separate transactions on eight separate days, according to the Securities and Exchange Commission.


      


  • Insiders Roundup: Facebook, FedEx

    The All-in-One Screener can be used to find insider buys and sells over the last week by clicking on the Insiders tab and changing the settings for All Insider Buying to “$200,000+” duration to "August 2016” and “August 2016” and All Insider Sales to “$5,000,000+”.


    According to the above filters, the following are recent buys and sells from company insiders in the past week.

      


  • Bruce Berkowitz Leans Toward Lands’ End

    Bruce Berkowitz (Trades, Portfolio) of Fairholme Capital Management increased his position in Lands’ End Inc. (NASDAQ:LE) by 11.8% on Sept. 30.


    Berkowitz founded Fairholme Capital Management in 1997. He manages a concentrated portfolio in companies that have great management, generate free cash flow and are undervalued. He also will invest in mediocre companies that are trading at a significant discount to their intrinsic values but also have potential catalysts.

      


  • Lands’ End CEO Steps Down

    Federica Marchionni, CEO of Lands’ End Inc. (NASDAQ:LE), announced she was stepping down on Monday. Her resignation marks the departure of the company's second CEO since it diverged from Sears Holdings Corp. (NASDAQ:SHLD) in 2014.


    Marchionni has been with the clothing manufacturer since February 2015. A former executive at Ferrari and Dolce & Gabbana, she arrived with the vision of transforming the company, known for its outdoorsy apparel, to a more fashion forward brand. She added slimmer-fitting clothing, stiletto heels and a new line of athletic wear to the company’s product line. These efforts have not resonated well with loyal customers.

      


  • Sears Holdings Reports Steep Loss, Takes Loan From Lampert in Q2

    Sears Holdings reported a second-quarter earnings loss Thursday as it continues to pursue its strategy of “transformation” under leadership of well-known hedge fund manager Eddie Lampert.


    Sears had a net loss of $395 million and $3.70 per diluted share, compared to net earnings of $208 million and $1.84 for the second quarter last year. The losses came as the struggling retailer witnessed comparable store sales decline by 3.3% at Kmart and 7% at Sears Domestic.

      


  • Edward Lampert Adds 2 Companies to Portfolio in 2nd Quarter

    Edward Lampert (Trades, Portfolio), founder of RBS Partners LP and chairman of Sears Holdings Corp. (NASDAQ:SHLD), invested in two stocks – Seagate Technology Inc. (NASDAQ:STX) and Fossil Group Inc. (NASDAQ:FOSL) – in the second quarter that are new to his portfolio.


    Lampert’s portfolio reflected transactions in five stocks during the quarter.

      


  • Gap Closes In on Its P/S Ratio 10-year Low

    Gap Inc. (NYSE:GPS) is traded at a P/S ratio of 0.57, close to its 10-year low of 0.46. The company is owned by 10 gurus.


    Gap has a market cap of $8.31 billion; its shares were traded around $20.88 with a P/E ratio of 10.57 and P/S ratio of 0.57. Gap's trailing 12-month dividend yield is 4.42%. The forward dividend yield is 4.46%. Gap had an annual average earnings growth of 10.40% over the past 10 years. GuruFocus rated Gap the business predictability rank of 4-star.

      


  • Edward Lampert Reduces 3 Stakes in 1st Quarter

    Edward Lampert (Trades, Portfolio) of RBS Partners LP reduced three stakes in his portfolio in the first quarter.


    Lampert trimmed his stake in AutoNation Inc. (NYSE:AN), a Fort Lauderdale, Florida-based auto retailer, by more than 10%. Lampert sold 698,053 shares for an average price of $48.57 per share. The transaction had a -2.86% impact on Lampert’s portfolio.

      


  • Gap May Be Poised for a Comeback

    Gap (NYSE:GPS) is one of the most iconic American brands and still has a solid economic moat. The company has been downsizing and closing stores, making room for cash to be deployed into higher-profit channels like ecommerce.


    It ended the first quarter with 3,794 company-operated and franchise store locations with almost 38 million square feet of retail space covering well-known brands like Banana Republic, Old Navy, Athleta, Gap and Gap Kids.

      


  • Sears Holdings to Close 78 Kmart, Sears Stores

    Sears Holdings (NASDAQ:SHLD), the Hoffman Estates, Illinois-based owner of retail store brands Sears and Kmart, announced Thursday that it will close 78 stores – 68 Kmart stores in 26 states and 10 Sears stores in eight states – in the next five months.


    All of the Sears stores and all but two of the Kmart stores will close by late July, Sears Holdings announced. Two Kmart stores – in Taylor, Michigan, and Lorain, Ohio – will close in September. In selecting which stores to shut down, the company said it considered stores’ historical and recent performances and the timing of lease expirations.

      


  • CEO and 10% Owner of Sears Holdings Invests in Company

    Edward Lampert (Trades, Portfolio) (Insider Trades), CEO and 10% owner of Sears Holdings Corp. (SHLD), bought 57,261 shares of the company on April 11. The average price per share was $14.34, for a total transaction of $821,123.


    The company is a retailer focused on connecting the digital and physical shopping experiences. Sears Holdings is home to Shop Your Way, a social shopping platform that offers members rewards for shopping at Sears and Kmart, as well as other retail partners.

      


  • AutoNation Is a Buy for Patient Value Investors

    “The intelligent investor is a realist who sells to optimists and buys from pessimists” - Benjamin Graham


    There are certainly plenty of pessimists about AutoNation Inc. (NYSE:AN), as shares have sold off the past year from $65 to about $48 today. Are the pessimists correct and is the drop justified? Or is this an opportunity for a realist to buy from those pessimists and benefit later when sentiment changes?

      


  • Eddie Lampert Comments on Tesla

    Some innovative companies like Tesla (NASDAQ:TSLA) are heavily subsidized by government policy (either directly or through purchases made by their customers) while existing car companies are forced to comply with mandates to produce cars that people may not want at enormous cost. These companies rely heavily on continued financing (Tesla raised over $1 billion in equity and over $2.5 billion in debt over the past four years) and favorable capital market conditions and valuations while companies viewed through a more traditional lens, like Sears Holdings, are met with skepticism even though we have an enormous asset base and a proven history of monetizing these assets and raising additional capital to fund our obligations and transformation.

    From Edward Lampert (Trades, Portfolio)'s 2015 annual letter for Sears Holdings.   


  • Eddie Lampert Comments on Amazon

    Companies like Amazon (NASDAQ:AMZN) were able to grow rapidly without having to collect sales tax, while traditional retail companies had the dual disadvantages of having to report profits and to collect sales tax from their customers. While it is true that Amazon’s customers, by law, were required to calculate and pay sales tax in states that required it, many commentators conveniently ignored these laws in their coverage of Amazon and the state and local authorities did little to enforce the existing laws. The consequence? We are now seeing more and more retail stores shut down and the tax base of many municipalities eroding due to the hollowing out of the sales tax base as the Wall Street Journal recently reported. Even the largest and most successful retailers, like Walmart, are shuttering stores all over the world.

    From Edward Lampert (Trades, Portfolio)'s 2015 annual letter for Sears Holdings.   


  • Eddie Lampert's 2015 Letter

    February 25, 2016


    To Our Shareholders, Associates and Members:

      


  • Widely Undervalued Stocks Trading Below Peter Lynch Value

    According to GuruFocus' All-in-One Screener, several gurus are focusing on stocks whose Peter Lynch fair value is far above the current price. The following stocks are trading with a wide margin of safety, and at least five gurus are shareholders.


    AutoNation Inc. (AN) is trading at about $48 per share, and the Peter Lynch value gives the stock a fair price of $87.65, giving a margin of safety of 45%. It is trading with a PE ratio of 11.90, higher than 59% of companies in the Global Auto & Truck Dealerships industry, and is currently 28.98% below its 52-week high and 18.52% above its 52-week low.

      


  • 3 Investment Opportunities Double Tapped by Insiders and Gurus

    GuruFocus has various tools and screeners available to make the quest for your next great investment a little bit more efficient. A tool of which I am fond is the Double Buy screen. By employing it you can easily screen a list of stocks that have been double tapped by both gurus and insiders. Both types of events tend to trigger my interest, but when they occur simultaneously it is time to pay close attention. I regularly review the list, and these are currently the top three stocks that come up on the screen:


    top insider buys 2.jpg

      


  • Eddie Lampert Buys IBM at Less Than Warren Buffett’s Price

    Edward Lampert (Trades, Portfolio), a Warren Buffett (Trades, Portfolio) admirer, bought a stake in IBM (NYSE:IBM), Buffett’s fourth largest position, as its share price declined in the third quarter.


    As founder and CEO of hedge fund ESL Investments, Lampert typically buys large positions in a few select companies and holds for long periods. His purchase of IBM consisted of 440,255 shares, translating to 4.07% of his portfolio.

      


  • Gap Inc. Has 50% Upside Potential

    Gap Inc. (NYSE:GPS), the iconic American brand, has experienced a very rough patch in 2015, starting the year at $42 and currently trading down 35%, under $27 per share.


    Guru investors Edward Lampert (Trades, Portfolio) (2,057,403 shares), James Barrow (Trades, Portfolio) (2,206,049 shares), and Joel Greenblatt (Trades, Portfolio) (1,022,286 shares) all own small pieces of the company. Yet, looking at the stock on a short-term basis, the financial data tells a very depressing story. Revenue growth is below the company’s five- and 10-year averages and EPS, cash flow and book value growth are all negative in the last 12 months.

      


  • Gap and Philips 66 Among Recent Insider Buys

    The All-In-One Guru Screener can be used to find insider buys over the last week by clicking on the Insiders tab and changing the settings for All Insider Buying to “$1,000,000+” and duration to "August 2015."


    According to the above filters, the following are the recent buys from company insiders over the last week of August.

      


  • Weekly CEO Buys Highlights: SHLD, HTZ, PAGP, DEA, ATEN

    According to GuruFocus Insider Data, these are the largest CEO buys during the past week. The overall trend of CEOs is illustrated in the chart below:


    Sears Holdings Corp.: CEO, 10% Owner Edward S. Lampert bought 277,252 shares

      


  • Lampert's Sears Reports Smaller Net Loss, 14.5% Store Sales Decline

    HOFFMAN ESTATES, Ill., June 8, 2015 /PRNewswire/ -- Sears Holdings Corporation (NASDAQ:SHLD) today announced financial results for its first quarter ended May 2, 2015. As a supplement to this announcement, a presentation, pre-recorded conference and audio webcast are available at our website http://searsholdings.com/invest.


    In summary, we reported:

      


  • Lampert, Berkowitz, and The Love Affair With Sears Holdings

    In November 2004, Edward Lampert (Trades, Portfolio) was dubbed “The Next Warren Buffett (Trades, Portfolio)” by BusinessWeek (pre-Bloomberg), and from 1988 to 2008 he earned nearly 30% a year for investors. Since then, his largest investment, the retailer Sears Holdings (NASDAQ:SHLD) has been dead money, absolutely crushing Lampert’s long-term rate of compound returns, which are more in the 15% to 19% annualized range now.


    Sears Holdings Versus S&P 500

      


  • Sears Holdings Restructuring Its Business Strategy For A Better Investor Future

    The way Sears Holdings’ (NASDAQ:SHLD) has started the creation of an extensive portfolio of real estate acquisitions, news of a joint venture comes as the next logical step in order to tap into the true value of their portfolio. Sears Holdings and Simon Property Inc. (NYSE:SPG) have announced their joint venture on Monday.


    As per the terms of the joint venture, Sears will contribute 10 properties located in Simon Property malls, which are Indianapolis based, to the partnership valued at $228 million. In return, Sears Holdings will get $114 million in cash and a 50% stake in the JV with Simon Property paying $114 million in cash to the newly formed Joint Venture and receiving the other 50% of stakes in the JV. In addition, Simon Properties will purchase a Sears Holdings property in McAllen, Texas, at the La Plaza mall.

      


  • Sears Holdings Chairman's Letter for 2014 – Eddie Lampert

    February 26, 2015


    To our Shareholders, Associates and Members,

      


  • Edward Lampert's Recent Buys

    Lampert is the founder of RBS Partners, L.P., a private investment company, and the chairman of Sears Holdings Corporation (SHLD). Since starting RBS Partners, L.P. in 1988 at the age of 25, he has racked up returns averaging 29% a year. He is #68 on the list of Forbes 400 Richest Americans.


    Web Page:http://www.searsholdings.com/invest/

      


  • Bruce Berkowitz Reduced Stake In One Of The Largest Broadline Retailers In The U.S.

    Bruce Berkowitz (Trades, Portfolio) is the founder and the managing member of the Fairholme Fund (Trades, Portfolio). The investor reported decreasing his stake in Sears Holdings Corp (NASDAQ:SHLD) on March 16, according to GuruFocus Real Time Picks.


    Berkowitz is the largest shareholder of Sears Holdings, which upped its stake by 5% on the quarter to 26.54 million shares held as of the end of 2014. But now, with the transaction, Berkowitz’s position decreased by 0.16% to 26,498,973 shares. The fund initiated a position more than five years ago, and during 2014 Berkowitz added the stake to reach 26,545,273 million shares at the end of the fourth quarter of 2014, worth $875.46 million.

      


  • Eddie Lampert's 2015 Chairman Letter for Sears

    February 26, 2015


    To our Shareholders, Associates and Members,

      


  • Edward Lampert Shifts Investment Gears in Fourth Quarter

    Guru Edward Lampert (Trades, Portfolio) adjusted his investment approach in the fourth quarter of 2014. In the third quarter, he sold but did not buy stock. In the fourth quarter, he bought three stocks and sold none.


    Although Lampert is chairman and CEO of Sears Holdings Corp (NASDAQ:SHLD), which has been struggling, he has a solid track record as an investor. Since founding RBS Partners, L.P. in 1988, he has logged average annual returns of 29%.

      


  • Sears and Seven-Foot Hurdles

    A few weeks back I came across an article that someone had posted on Sears. It is a fascinating read for a few different reasons. One, I think Sears is an excellent case study of the retail industry and the difficulties of investing and allocating capital in that type of business, and two, the article was written in the summer of 1988.


    This post is not a prediction of the demise of Sears, or an indictment against those who find value in the stock, it's just my own commentary on the case study and some observations I had while reading the interesting piece.

      


  • Francis Chou Trades Two Sears Spin-offs

    During the third quarter, Francis Chou (Trades, Portfolio) of Chou Associates Management made only two adjustments to the Associates Fund portfolio — both companies are spin-offs of Sears Holdings (NASDAQ:SHLD) whose insiders are purchasing the stock.


    Chou began investing as a 25-year-old when he pooled an initial investment of $51,000 from coworkers and his own funds. What makes this story unique, however, is Chou and his coworkers were telephone repairmen with Bell Canada.

      


  • Sears Holdings Corporation Provides Update on actions to generate liquidity, fund its transformation and evolve its capital structure

    HOFFMAN ESTATES, Ill., Oct. 2, 2014 /PRNewswire/ -- Sears Holdings Corporation ("Holdings," or the "Company") (NASDAQ: SHLD) today announced that the Company expects to generate up to U.S.$380 million in proceeds from its interest in Sears Canada Inc. ("Sears Canada") by earlyNovember 2014, assuming the completion of its previously announced rights offering of Sears Canada shares to the Company's stockholders and the exercise of all such rights. Of this amount, the Company expects to receive at least $168 million in mid-to-late October from the exercise of the rights distributed to them by ESL Partners, L.P. and Edward S. Lampert, Chairman and Chief Executive Officer of Holdings and Chairman and Chief Executive Officer of ESL Investments, Inc., which collectively with their affiliates own 48.5% of Holdings' outstanding common stock.


    Fairholme Capital Management, L.L.C. also has advised Holdings that it expects that certain of its clients will participate in the rights offering at levels to be determined, subject to review of the terms and conditions of the rights offering and regulatory considerations.

      


  • Edward Lampert's Sears Announces Steeper Losses

    HOFFMAN ESTATES, Ill, Aug. 21, 2014 /PRNewswire/ -- Sears Holdings Corporation (NASDAQ:SHLD) today announced financial results for its second quarter ended August 2, 2014. Net loss attributable to Holdings' shareholders was $573 million ($5.39 loss per diluted share) for the second quarter of 2014, compared to $194 million ($1.83 loss per diluted share) for the prior year second quarter. Adjusted EBITDA was $(313) million for the second quarter of 2014, compared to $(78) million in the prior year second quarter. As a supplement to this announcement, a presentation, pre-recorded conference and audio webcast are available at our website http://searsholdings.com/invest.


    "We have continued to show progress in our transformation, as demonstrated by our year-over-year increase in online and multi-channel sales, and with our member sales now representing 73% of eligible sales," said Edward S. Lampert, Sears Holdings' Chairman and Chief Executive Officer. "However, our second quarter earnings are unacceptable and we are taking steps to address our performance on several levels. This includes reducing costs as we evolve our business model, investing in our Shop Your Way and Integrated Retail customer initiatives, rationalizing our physical footprint and improving pricing and promotions. As we move through the transformation, our new programs are becoming more prominent both in how we run the company and in how we serve our members, and we are pleased with how our members are responding."

      


  • Eddie Lampert Decreases AutoNation Position Below 9% in Brisk Selling

    At one point the owner of more than 77 million AutoNation (NYSE:AN) shares, Eddie Lampert has continually shrunk the holding since 2010, filing it down to 8.98% from 9.45% of the company after selling 973,747 shares this week, according to Real Time Picks.


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  • 5-Year Lows: Pacific Coast Oil Trust, Sears Hometown & Outlet Stores Inc, Dynex Capital Inc, and Landauer Inc.

    According to GuruFocus list of 5-year lows, these Guru stocks have reached their 5-year lows: Pacific Coast Oil Trust, Sears Hometown & Outlet Stores Inc, Dynex Capital Inc, and Landauer Inc.


    Sears Hometown & Outlet Stores Inc (NAS:SHOS) Reached the 5-year Low of $21.48

      


  • GuruFocus Real Time Picks of the Week

    The following information is a highlight of the real-time guru activity we saw this week. To view more information on these gurus, check out their guru portfolios. The “Real Time Picks” reports the stock purchases and sells that Gurus have made within the prior two weeks. If a Guru makes a purchase or sell of a company in which they own a greater-than 5% stake, SEC regulations require them to report their transaction within two days. It was a quiet week in guru trades but we did see a couple of trades coming from Mario Gabelli (Trades, Portfolio) and Edward Lampert (Trades, Portfolio).

    Mario Gabelli (Trades, Portfolio)  


  • A Crash Course in Buying Spin-Offs

    Following the herd is the surest way of achieving mediocre performance. To produce superior returns, we have two options.


    First, be smarter or know more than the other guy. Howard Marks (Trades, Portfolio) refers to this as “second level thinking." For example, “Everyone thinks Apple has peaked and sales will begin to suffer. But I believe they are wrong and the company’s brand loyalty and continued innovation will generate greater-than-expected sales and profits. Therefore, I’m going to buy the stock even though the talking heads on CNBC prefer Samsung.”

      


  • Edward Lampert's Sears Holdings to Spin Off Lands' End

    Below is the Press Release from Sears Holdings.


    Sears Holdings Corporation Board of Directors Approves the Separation of its Lands' End Business and Establishes March 24, 2014 as the Record Date for the Pro-Rata Distribution of Shares of Lands' End, Inc. Common Stock

      


  • Is There a Huge Gap Between Price and Intrinsic Value?

    The Gap Inc. (NYSE:GPS) is a leading apparel specialty retailer that sells casual apparel for men, women, and children under the Gap, Old Navy, Banana Republic, Piperlime and Athleta brands. With a very broad spectrum of consumers, the company becomes the largest specialty apparel retailer in the U.S. Additionally, the company plans to open five Old Navy brand stores in China this year, so the focus in international markets is a driver for future revenues. The firm's competitors include American Eagle Outfitters Inc. (NYSE:AEO) and The TJX Companies Inc. (NYSE:TJX).


    Now, turning our attention to the future direction of the stock, let's take a look at the intrinsic value of this company and try to explain to investors the reasons why it is a good buy or not. In this article, we present a model that is by no means the be-all and end-all for valuation. The purpose is to force investors to evaluate different assumptions about growth and future prospects.

      


  • Eddie Lampert 2014 Shareholder Letter

    “Messer Hubbard and Bell want to install one of their “telephone devices” in every city. The idea is idiotic on the face of it. Furthermore, why would any person want to use this ungainly and impractical device when he can send a messenger to the telegraph office and have a clear written message sent to any large city in the United States?”


    This is an excerpt from a Western Union internal report in response to an offer from Alexander Graham Bell (inventor of the telephone) to sell his invention to Western Union for $100,000.

      


  • Eddie Lampert's Annual Sears Letter - 2014 Could Be the Year of Transformation for Sears

    February 27, 2014


    To Our Shareholders, Associates and Members:

      


  • GuruFocus Real Time Picks of the Week

    The following information is a highlight of the real-time guru activity we saw this week. To view more information on these gurus, check out their guru portfolios. The “Real Time Picks” reports the stock purchases and sells that Gurus have made within the prior two weeks. If a Guru makes a purchase or sell of a company in which they own a greater-than 5% stake, SEC regulations require them to report their transaction within two days. This week we saw notable increases in Real Time activity from Steven Cohen (Trades, Portfolio) and Edward Lampert (Trades, Portfolio) .


    Steven Cohen (Trades, Portfolio)

      


  • Letter from Sears Holdings Chairman Eddie Lampert - Are New Ideas About How Retail Is Changing Really New?

    Data about the 2013 holiday season from a wide variety of retailers is feeding a growing consensus: store traffic has decreased significantly across the industry and may never return to previous levels.1 We don’t disagree with these conclusions, but we’re not at all sure that they are new.


    In fact, we launched a major transformation of Sears (NASDAQ:SHLD) and Kmart years ago because we saw then that people had fundamentally and permanently changed how they shop as a result of the internet, social networking and mobile devices. Those changes have only intensified in recent years. That’s why we have been focusing so much of our collective efforts – and have invested such a high proportion of our company’s resources – into innovations like the Shop Your Way membership program and our buy online, pick up in store programs, which are the foundation of our Integrated Retail strategy.

      


  • Sears Holdings Provides Update on Fourth Quarter Business

    HOFFMAN ESTATES, Ill., Jan. 9, 2014 /PRNewswire/ -- Sears Holdings Corporation ("Holdings," "we," "us," "our," or the "Company") (NASDAQ:SHLD) today is providing an update on our quarter-to-date performance and financial position.


    During the quarter, we continued to proactively transform our business to a member-centric integrated retailer leveraging our Shop Your Way™ ("SYW") program and platform. As previously stated, we are transitioning from a business that has historically focused on running a store network into a business that provides and delivers value by serving its members in the manner most convenient for them: whether in store, in home or through digital devices. We are driving this transformation by investing in capabilities to enable members access to the broadest possible assortment of products and services, enhancing our membership benefits associated with SYW, developing digital and social relationships with our members, using data and analytics to make targeted offers and decisions delivered in real time and expanding our reach through Marketplace and delivery options. 

      


  • A Race Between Cost Cutting and Sales Declines – Edward Lampert Reduces Sears Holdings

    According to GuruFocus Real Time Picks, Edward Lampert made a reduction to Sears Holdings Corporation (NASDAQ:SHLD). So, two questions arise for investors: (1) What does Lampert see to reduce that position? and (2) can we see it too?

    Sears operates a network of stores with thousands of full-line and 54 specialty retail stores operating through Kmart and Sears and 475 full-line and specialty retail stores in Canada. It operates in three reportable segments: Kmart, Sears Domestic and Sears Canada.  


  • Edward Lampert Cuts Sears to Meet Redemptions, Still Confident

    Though Edward Lampert insists cutting his stake in Sears had nothing to do with a loss of faith in the company, news of the reduction sent shares plunging more than 20% this week. The hedge fund manager and chief executive of Sears Holding (NASDAQ:SHLD) cut back the scope of his ownership in the company from 55.4% to 48.4%, according to a regulatory filing released Tuesday.

    ESL Investments, the hedge fund of Lampert that is tracked by GuruFocus, retains 26,427,295 Sears shares after reducing the holding by 21.94%, or about 7,428,774 shares, from 33,856,069 shares held at the end of the third quarter. Lampert said the recent reduction was in order to distribute 7.4 million shares among clients who were withdrawing from his firm, meaning none of those reduced came from his personal holdings. Including his personal holdings, Lampert owns roughly 51.6 million Sears shares.  


  • Real-Time Reductions with Edward Lampert, Chuck Royce and Howard Marks

    According to GuruFocus Real Time Picks, three gurus just made reductions to major holdings in Anaren Inc. (ANEN), Star Bulk Carriers Corp. (NASDAQ:SBLK) and Sears Holdings Corporation (NASDAQ:SHLD). Here are the trade details:

    Guru: Edward Lampert  


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