Hi. You've probably heard that before Lampert bought Sears in 2004, he bought the discount retail chain Kmart due to bankruptcy. He then took two already underperforming retailers and merged them in 2005. The sears https://sears.pissedconsumer.com/review.html owner saw value in real estate for retailers and believed that bringing the two disappearing giants together would make them stronger. At the time, he said he thought he could combine Sears tools and Martha Stewart Everyday home furnishings from Kmart in stores to make a range of merchandise that could rival the likes of Target and Walmart. He also thought he could cut Sears' expenses by selling underperforming stores and then rebuilding a larger, larger business.
2 years, 7 months ago
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