Eddie Money Strikes Again

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Photo by Vladislav Reshetnyak on Pexels.com

If you’ve ever wondered how Eddie Lampert of Sears REALLY makes his money, follow the financial trail of his new attempt to buy back the Hometown/Outlet business he sold seven years ago: https://www.forbes.com/sites/warrenshoulberg/2019/04/09/lamperts-offer-to-buy-sears-hometown-another-example-of-his-financial-finagling/#43e429f8250e

Spoiler alert: he’s really good at it.

2 comments

  1. My wife and I have been left over $200,000.00 in debt after Sears Hometown Stores ran us out of business in December of 2018. They did this by cutting our commissions and bonus to the point we were unable to pay our bills. The first two years we make a decent living in 2017 SHOS cut out commissions by 2 thirds using the excuse that the vendors were no participating in our current sale. Could you contact me so I can tell you out story and the story of the several hundred other owners that have suffered the same fate as we have.

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    1. So very sorry to hear about your experience, can’t say I’m shocked given Lampert’s track record. Right now I’m not planning any follow-up to this story but if that changes I will get in touch. Good luck.

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