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Lampert took over in 2013, they were already going down hill by that point. Sears was taken over by bankrupt Kmart in 2004 and the combined company started losi
by guelo 8y ago
Lampert took over in 2013, they were already going down hill by that point. Sears was taken over by bankrupt Kmart in 2004 and the combined company started losing money by 2010.
- tw04 8y agoWhat are you talking about? Lampert was running K-Mart in 2004... his hedge fund acquired their assets when they went bankrupt. He immediately turned around and took loans against all of K-Mart's real estate to fund the acquisition of Sears. http://www.nbcnews.com/id/6509683/ns/business-stocks_and_economy/t/kmart-acquire-sears-billion-deal/ http://www.nbcnews.com/id/6509683/ns/business-stocks_and_eco...