Fortune

STORES: SEARS’ SINKING FLEET

The retailer’s portfolio of aging mall stores put the “ick” in “brick-and-mortar.”
Eddie Lampert at a Sears in Yonkers, photographed for a 2006 Fortune story.

AFTER ENGINEERING the 2005 merger of Kmart and Sears, Sears Holdings CEO Eddie Lampert made it clear that he would prioritize e-commerce over department stores. He followed

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