video Finance Videos
Sears spins off Lands' End
Friday, December 06, 2013 - 00:58
Dec. 6 - Sears CEO Eddie Lampert, once compared to Warren Buffett, has been unable to turn around the money-losing iconic retailer despite a series of spinoffs. Fred Katayama reports.
▲ Hide Transcript
▶ View Transcript
PLEASE NOTE: THIS EDIT CONTAINS CONVERTED 4:3 MATERIAL The latest sign of billionaire hedge fund manager Eddie Lampert's fall from grace: Sears' move to spin off its Lands' End clothing business. Once compared by some to investor Warren Buffett for his magic touch, the former Goldman Sachs banker has been unable to turn around the money-losing retailer after engineering the merger of the American icon with rival Kmart eight years ago. Sears Auto Center could be next on his growing list of spinoffs and sales. Just two months ago, Sears sold some real estate assets in Canada. Over the last two years, it has spun off its Hometown and Outlet businesses and Orchard Supply Hardware Stores. Lampert took over as Sears' CEO earlier this year. He recently had to cut his own firm's stake in Sears to pay off big investors who pulled money out of his fund. But some investors went shopping on the latest news, driving Sears shares sharply higher in early trade.
Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code
Sears spins off Lands' End
Friday, December 06, 2013 - 00:58
Top News »
Thu, Apr 19, 2018 - (1:47)
Thu, Apr 19, 2018 - (2:16)
Thu, Apr 19, 2018 - (1:20)
Thu, Apr 19, 2018 - (0:54)
Thu, Apr 19, 2018 - (1:32)
Thu, Apr 19, 2018 - (2:02)
Thu, Apr 19, 2018 - (2:09)
Thu, Apr 19, 2018 - (1:31)
Thu, Apr 19, 2018 - (1:25)
Thu, Apr 19, 2018 - (1:22)
Thu, Apr 19, 2018 - (0:58)
Thu, Apr 19, 2018 - (2:05)
Migrant Crisis »
Fri, Mar 16, 2018 - (0:50)
Fri, Dec 22, 2017 - (1:52)
Fri, Dec 22, 2017 - (1:07)
Fri, Dec 22, 2017 - (1:37)
Editors' Picks »
Thu, Apr 19, 2018 - (0:57)
Thu, Apr 19, 2018 - (1:45)
Tue, Apr 17, 2018 - (2:44)
Tue, Apr 17, 2018 - (2:15)
Mon, Apr 16, 2018 - (1:59)
Fri, Apr 13, 2018 - (1:09)
Fri, Apr 13, 2018 - (2:15)
Fri, Apr 13, 2018 - (1:40)
Thu, Apr 12, 2018 - (2:11)
Wed, Apr 11, 2018 - (2:09)
Politics »
Thu, Apr 19, 2018 - (2:16)
Thu, Apr 19, 2018 - (1:32)
Thu, Apr 19, 2018 - (1:00)
Thu, Apr 19, 2018 - (0:32)
Thu, Apr 19, 2018 - (1:37)
Wed, Apr 18, 2018 - (0:58)
Wed, Apr 18, 2018 - (0:35)
Wed, Apr 18, 2018 - (0:45)
Tue, Apr 17, 2018 - (1:45)
Wed, Apr 18, 2018 - (2:33)
Tue, Apr 17, 2018 - (1:06)
Tue, Apr 17, 2018 - (2:08)
Innovations »
Thu, Apr 19, 2018 - (1:54)
Wed, Apr 18, 2018 - (1:03)
Wed, Apr 18, 2018 - (1:01)
Tue, Apr 17, 2018 - (2:15)
Mon, Apr 16, 2018 - (1:54)
Mon, Apr 16, 2018 - (0:50)
Fri, Apr 13, 2018 - (2:15)
Thu, Apr 12, 2018 - (1:41)
Wed, Apr 11, 2018 - (2:10)
Tue, Apr 10, 2018 - (1:37)
Entertainment »
4:58am EDT - (0:49)
Thu, Apr 19, 2018 - (1:19)
Thu, Apr 19, 2018 - (1:27)
Thu, Apr 19, 2018 - (1:28)
Thu, Apr 19, 2018 - (1:36)
Wed, Apr 18, 2018 - (1:04)
Wed, Apr 18, 2018 - (1:54)
Tue, Apr 17, 2018 - (1:45)
Tue, Apr 17, 2018 - (1:34)
Tue, Apr 17, 2018 - (1:17)
Tue, Apr 17, 2018 - (1:48)
Rough Cuts »
Thu, Apr 19, 2018 - (0:54)
Thu, Apr 19, 2018 - (0:55)
Thu, Apr 19, 2018 - (2:09)
Thu, Apr 19, 2018 - (1:22)
Thu, Apr 19, 2018 - (2:22)
Thu, Apr 19, 2018 - (0:32)
Thu, Apr 19, 2018 - (1:31)
Thu, Apr 19, 2018 - (1:36)
Wed, Apr 18, 2018 - (0:58)
Wed, Apr 18, 2018 - (1:37)
Wed, Apr 18, 2018 - (0:45)
Wed, Apr 18, 2018 - (1:54)
Moving Pictures »
Tue, Apr 03, 2018 - (1:46)
Fri, Mar 02, 2018 - (2:13)
Thu, Feb 08, 2018 - (1:43)
Thu, Jan 04, 2018 - (1:01)
Fri, Dec 22, 2017 - (2:08)
Reuters Investigates »
Wed, Oct 11, 2017 - (10:18)
Wed, Aug 23, 2017 - (6:44)
Thu, Mar 16, 2017 - (2:26)
Tue, Nov 01, 2016 - (2:15)
Thu, Sep 29, 2016 - (2:19)
Fri, Aug 05, 2016 - (2:04)
Mon, Mar 28, 2016 - (3:02)
Thu, Mar 10, 2016 - (2:34)
Mon, Dec 07, 2015 - (2:58)
Mon, Dec 07, 2015 - (2:20)
Mon, Dec 07, 2015 - (0:35)
Mon, Dec 07, 2015 - (3:53)
Dateline Asia »
Tue, Dec 05, 2017 - (2:06)
Tue, Dec 05, 2017 - (2:11)
Fri, Dec 01, 2017 - (2:04)
Thu, Nov 30, 2017 - (2:10)
Thu, Nov 30, 2017 - (2:14)
Wed, Nov 29, 2017 - (2:11)
Tue, Nov 28, 2017 - (1:55)
Tue, Nov 28, 2017 - (2:21)
Mon, Nov 27, 2017 - (2:25)
Fri, Nov 24, 2017 - (2:16)
Fri, Nov 24, 2017 - (2:14)
Thu, Nov 23, 2017 - (2:18)