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Economy

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mahatmakanejeeves

(68,059 posts)
Fri Dec 26, 2025, 08:07 PM 18 hrs ago

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

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
8 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
The old Kmart was part of the carcass too bucolic_frolic 18 hrs ago #1
Institutionalized theft Cirsium 18 hrs ago #2
The story of many retailers. Some others in similar circumstances: Wiz Imp 18 hrs ago #3
Lampert sabbat hunter 18 hrs ago #4
They are cannibals KT2000 18 hrs ago #5
Textbook example of vulture capitalism Permanut 16 hrs ago #6
Ugh Chi67 16 hrs ago #7
In my town of 20K residents... Orrex 6 hrs ago #8
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