Sears, Kmart stores ailing as CEO Eddie Lampert's hedge fund gets hundreds of millions
As many Sears and Kmart stores appear to be on life support, CEO Edward Lampert's hedge fund, ESL Investments, is getting $200 million to $220 million in annual loan payments while Sears has steadily lowered spending on its struggling stores. At the same time, competitors have continued reinvesting.
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Published By: USA Today - Monday, 18 June, 2018