Edward Lampert

Hedge Fund Manager Edward Lampert

Edward S. "Eddie" Lampert is an American businessman and investor. He is the chairman of Sears Holdings Corporation (SHLD) and founder, chairman, and CEO of ESL Investments. Until May, 2007 he was a director of AutoNation, Inc. He previously served as a director of AutoZone, Inc. from July 1999 to October 2006.
Edward Lampert's personal information overview.
19 July 1962

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Lampert Buys $27 Million More of Lands’ End Stock
Wall Street Journal - 7 months
Billionaire Edward Lampert has raised his stake in the catalog apparel retailer to nearly 65% from 59%.
Article Link:
 Wall Street Journal article
Common Sense: Sears and Its Hedge Fund Owner, in Slow Decline Together
NYTimes - 11 months
Edward Lampert was a Wall Street wunderkind. And department stores still had promise. What a difference a decade makes.
Article Link:
 NYTimes article
CEO Lampert Pumps Additional $1 Billion Into His Sears Bet - Wall Street Journal
Google News - about 1 year
Wall Street Journal CEO Lampert Pumps Additional $1 Billion Into His Sears Bet Wall Street Journal Hedge-fund manager Edward Lampert has pumped an additional $1 billion into his yearslong effort to revive Sears, but the CEO's latest financing likely is just another short-term fix for the struggling retailer. On Wednesday, Sears Holdings Corp. said ... Macy's, Kmart are closing, but Jefferson Parish officials see opportunityNOLA.com Kmart to close 10 Mich. stores, including original one in Garden CityDetroit Free Press Is your Sears or Macy's closing? Here's a look at the stores that will go darkCNBC NJ.com -Business Insider -The Detroit News -Press of Atlantic City all 174 news articles »
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 Google News article
BRIEF-Edward Lampert proposes Sears Hometown consider participating in process related to Sears Home Services business
Reuters.com - about 1 year
* Edward Lampert says proposed that Sears Hometown and Outlet Stores consider participating in the process previously announced by Sears Holdings
Article Link:
 Reuters.com article
Sears CEO Says No Plans to Close Kmart
Wall Street Journal - over 1 year
Sears Holdings Corp. Chief Executive Edward Lampert said he continues to explore options for the company’s stable of familiar brands and close weaker stores but promised to keep running the Kmart chain.
Article Link:
 Wall Street Journal article
Edward Lampert and His White Whale, Sears
NYTimes - over 1 year
What Mr. Lampert once called an “enormous undertaking” to revive Sears, once America’s biggest retailer, has become an increasingly forlorn pursuit.
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 NYTimes article
Lampert extends stay as Sears CEO until 2018, proxy shows
Chicago Times - almost 2 years
Edward Lampert, the hedge fund manager who's also chief executive and majority shareholder of Sears Holdings, plans to keep the top job at the Hoffman Estates-based retailer for a while, according to the company's proxy statement, filed Friday. On Jan. 28, the company and Lampert agreed to extend...
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 Chicago Times article
Sears CEO: It's 'unfair' to criticize our poor results
CNN - almost 2 years
In a letter to shareholders, Sears CEO Edward Lampert said it was "unfair" to criticize the company's poor performance without considering market factors.
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 CNN article
Sears Canada deepens cuts with another 800 layoffs in repair parts and services
Canadian Business - about 4 years
TORONTO – Sears Canada (TSX:SCC) is laying off another 800 employees across its operations in the latest round of major cuts that have involved closing several of its highest profile department stores. The retailer said Tuesday that most of the job losses would come from its repair parts and service business, where 712 staff are being eliminated over the next six months. An additional 79 employees will lose their jobs at the company’s Toronto head office, it said. The move comes as the retailer scales back operations as part of a multi-year plan to reduce operating costs and generate cash from its deeply eroded position in the industry. The company has already laid off thousands of people over the past few years and once the latest round is completed it will have 25,000 employees across the country. Sears Canada said it plans to contract out work for its repair services in mid-sized markets, although it will still have technicians who work directly for the company in areas i...
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 Canadian Business article
Sears, Kmart boss Lampert: 'What we have is a profit problem'
Chicago Times - over 4 years
As retail company pushes further into digital realm, CEO says stores will need to be versatile, often smaller Edward Lampert is talking about the future of Sears and Kmart. The chairman and chief executive of Hoffman Estates-based parent Sears Holdings Corp. is wondering aloud how many physical stores are needed, how large the stores should be and how their role will change.     
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 Chicago Times article
Sears CEO sees room to close more stores
Yahoo News - over 4 years
, which has been struggling to generate cash from its operations, sees room to close more stores next year, Chief Executive Edward Lampert said on Thursday. The operator of Sears department stores and the Kmart discount chain has closed about 300 U.S. stores since 2010, tightly managing inventory, selling real estate and shedding assets at home and in Canada as it tries to engineer a turnaround after years of declining sales. The comments by the billionaire hedge fund manager, who is also Sears' chairman and largest shareholder, helped to reduce the stock's decline to 2.2 percent on Thursday. The company has about 2,000 Sears and Kmart locations in the United States.
Article Link:
 Yahoo News article
UPDATE 2-Sears weighs hiving off Lands' End and auto center units
Reuters.com - over 4 years
Oct 29 (Reuters) - Struggling U.S. retailer Sears Holdings Corp, led by hedge fund manager Edward Lampert, sold some Canadian real estate assets for $383 million and said it is considering separating...
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 Reuters.com article
Third Quarter Roundup - Three Gurus Reduce Three - AN, WBMD, RHP
Nasdaq Stock Market - over 4 years
Third quarter reduction activity looks light so far in the ongoing portfolio research. Here's a roundup review of three gurus, Edward Lampert of ESL Investments, Carl Icahn of Icahn Capital Management LP and Columbia Wanger Asset Management, all of
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 Nasdaq Stock Market article
Sears Canada CEO resigns as retailer works on turnaround
Yahoo News - over 4 years
(Reuters) - Sears Canada Inc Chief Executive Calvin McDonald has resigned just as the department store chain restructures amid intensifying competition from U.S. retailers such as Target Corp and Wal-Mart Stores Inc . Chief Operating Officer Douglas Campbell will become CEO with immediate effect, Sears Canada said, adding that McDonald is joining an international company it did not identify. The Globe and Mail newspaper, citing sources familiar with the situation, said McDonald's departure was sparked by differing views with U.S. parent Sears Holdings, controlled by investor Edward Lampert. ...
Article Link:
 Yahoo News article
Sears CEO cites pension costs for not boosting store investment
Yahoo News - over 4 years
By Dhanya Skariachan NEW YORK (Reuters) - Sears Holdings Corp Chief Executive Edward Lampert admits the retailer's stores could be improved, but partly blames higher pension obligations in recent years for taking resources away from its stores. "There are many of our stores that are in absolutely perfect condition. Could they be better? Of course. Could they be updated? Of course," Lampert said in a interview on Thursday, after Sears posted a steeper-than-expected quarterly loss on weak sales and bigger discounts. ...
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 Yahoo News article
Duly Noted: Sears struggles, McDonald's China menu, Allstate
The Business Journals - over 4 years
Sears Holding Corp. (NASDAQ: SHLD) CEO Edward Lampert has had to dip into Auto Nation shares in order to pay investors in his ESL Partners hedge fund, investors who have been bailing on the hedge fund because of Sears's stumbling fortunes. -- Bloomberg video above One Chicago entrepreneur looked at how Apple (NASDAQ: AAPL) runs its Apple Stores and figured he could do the same thing for the low-end of the personal technology market. Hence, the non-profit FreeGeek Chicago was born. -- Christian Science…
Article Link:
 The Business Journals article
Learn about memorable moments in the evolution of Edward Lampert
  • 2016
    Age 53
    In July 2016 he held 28% of shares in Sears Holdings Corp worth of approximately $408 million.
  • 2015
    Age 52
    By August, 2015, Lampert had fallen to No. 628 on the list, with a net worth of $2.4 billion.
  • 2013
    Age 50
    In January 2013, it was announced that Lampert would take over as chief executive officer at Sears after Louis D'Ambrosio stepped down due to family health matters, which took effect in May 2013.
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  • 2012
    Age 49
    In March 2012, Lampert was No. 367 on the Forbes world wealthiest people list with a net worth of $3.1 billion.
  • 2006
    Age 43
    Lampert's earnings in 2006 were estimated to be from $1. to $1.5 billion.
    Lampert was the richest person in Connecticut in 2006 with a net worth of $3.8 billion.
    In 2006, Lampert was featured on the Time 100 list for most influential people in the world for being one of the "brightest minds on Wall Street" and leading a new class of activist hedge funds.
  • 2004
    Age 41
    Lampert's earnings in 2004 were estimated to be $1.02 billion, making him the first Wall Street financial manager to exceed an income of $1 billion in a single year.
  • 2003
    Age 40
    In 2003, Lampert was kidnapped from the parking lot of his Greenwich office, but was able to convince his captors to let him go after two days of captivity.
  • 2001
    Age 38
    In 2001, he married Kinga Lampert and they have three children.
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  • 1988
    Age 25
    In April 1988, Lampert left the bank to form ESL Investments, based in Greenwich, Connecticut (the name ESL derives from Lampert's initials).
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  • 1984
    Age 21
    In July 1984, Lampert worked as an intern at Goldman Sachs, and then worked in the firm's risk arbitrage department from March 1985 to February 1988.
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    Lampert graduated from Yale University in 1984 (B.A., economics, summa cum laude), where he was a member of Skull and Bones and Phi Beta Kappa.
  • 1962
    Lampert was born in 1962 to Dolores Lampert and Floyd M. Lampert.
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