171k views
5 votes
T/F: Eddie Lampert, the chairman of Sears Holdings Corporation, restructured the company as a classic retailer

1 Answer

7 votes

Final answer:

Eddie Lampert did not restructure Sears Holdings Corporation as a classic retailer. He focused on an asset-light approach and online sales.

Step-by-step explanation:

No, Eddie Lampert did not restructure Sears Holdings Corporation as a classic retailer. In fact, Lampert initiated a strategy called 'asset-light' or 'store-light' approach, which involved closing down underperforming stores and focusing on online sales. He aimed to transform Sears into a membership-focused retailer with a strong online presence. However, despite these efforts, the company faced significant challenges and eventually filed for bankruptcy in 2018.

User TheRealJAG
by
7.6k points