Economy

mahatmakanejeeves

(68,054 posts) Fri Dec 26, 2025, 08:07 PM 4 hrs ago

Sears had more than 3,400 stores in 2005 -- then it was purchased by a hedge fund magnate.

Reposted by Kevin M. Kruse
https://bsky.app/profile/kevinmkruse.bsky.social

mtsw
‪@mtsw.bsky.social‬

Speaks to something deeply wrong with capitalism that Lampert was allowed to annihilate the value of this company to less than nothing while still walking away with hundreds of millions in profits for himself from the saga.

‪MisterJayEm‬
‪@misterjayem.bsky.social‬
· 3h
Sears had more than 3,400 stores in 2005 -- then it was purchased by a hedge fund magnate.

Why Sears’s Last Great Hope Was a Promise That Never Materialized
www.nytimes.com
6:44 PM · Dec 26, 2025

Speaks to something deeply wrong with capitalism that Lampert was allowed to annihilate the value of this company to less than nothing while still walking away with hundreds of millions in profits for himself from the saga.
— mtsw (@mtsw.bsky.social) 2025-12-26T23:44:29.827Z

MisterJayEm
‪@misterjayem.bsky.social‬

Sears had more than 3,400 stores in 2005 -- then it was purchased by a hedge fund magnate.

Why Sears’s Last Great Hope Was a Promise That Never Materialized
www.nytimes.com
4:49 PM · Dec 26, 2025

Sears had more than 3,400 stores in 2005 -- then it was purchased by a hedge fund magnate.
— MisterJayEm (@misterjayem.bsky.social) 2025-12-26T21:49:50.136Z

7 replies

= new reply since forum marked as read

Highlight:

Sears had more than 3,400 stores in 2005 -- then it was purchased by a hedge fund magnate. (Original Post) mahatmakanejeeves 4 hrs ago OP

The old Kmart was part of the carcass too bucolic_frolic 4 hrs ago #1

Institutionalized theft Cirsium 4 hrs ago #2

The story of many retailers. Some others in similar circumstances: Wiz Imp 4 hrs ago #3

Lampert sabbat hunter 4 hrs ago #4

They are cannibals KT2000 3 hrs ago #5

Textbook example of vulture capitalism Permanut 2 hrs ago #6

Ugh Chi67 1 hr ago #7

bucolic_frolic

(53,833 posts)

1. The old Kmart was part of the carcass too

Reply to mahatmakanejeeves (Original post)

Fri Dec 26, 2025, 08:22 PM

4 hrs ago

Chuck Conaway was installed as CEO. He's worth a google. Was there a connection between him and Lampert? Both from CT area. Kmart went bankrupt after a price sticker war with Walmart, Lampert bought it out of bankruptcy. Now Sears and Kmart are kaput.