HOFFMAN ESTATES, Ill. — The hedge fund controlled by Edward Lampert, Sears Holding Corp.’s chairman and its biggest shareholder, has made an offer it valued at $4.6 billion to buy the bankrupt retailer. Lampert and ESL Investments Inc. are offering a mix of cash, new loans and debt swaps to buy the entire company, rather
HOFFMAN ESTATES, Ill. — Sears Holdings Corp. has announced plans to close 150 non-profitable stores and sell its Craftsman tools brand. The moves are part of a strategic plan to stem losses and strengthen the struggling retailer’s financial prospects. The company has also arranged new financing, in the form of a new $500 million real estate
HOFFMAN ESTATES, Ill. — Sears Holdings Corp. announced on Monday that James Andrew has joined the company in the new role of chief administrative officer. He will lead the company’s corporate support functions, including financial planning and analysis, business finance, legal, procurement, and human resources, the company noted in a press release. “Jim is a proven executive with