Mar
22

Alternative Endings Seen for Sears and Its Hedge Fund Chief

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The last chapter for Sears looks to be at hand.

The troubled retailer warned that it could be headed for bankruptcy if it cannot reverse a brutal decline in annual sales and rising losses. The long quest by Edward S. Lampert, the chief executive, to turn Sears around seems destined to fail. The fate of investments made over the years by Mr. Lampert, a hedge fund boss, may be different.

Once famed for a mail-order catalog hawking everything from curtains to washing machines and even, back in the day, opium, Sears is struggling mightily. As of Wednesday morning, its shares had lost some 90 percent of their worth over five years and the company’s market value is now under $1 billion. Revenue has tumbled more than 40 percent over the same span to about $22 billion. The last time it reported an annual profit was in its 2010 fiscal year…

Alternative Endings Seen for Sears and Its Hedge Fund Chief

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