Edward Lampert
Edward Lampert
Edward Scott Lampert is an American businessman and investor. He is the chairman and CEO of Sears Holdingsand founder, chairman, and CEO of ESL Investments. Until May 2007 he was a director of AutoNation, Inc. He previously served as a director of AutoZone, Inc. from July 1999 to October 2006...
NationalityAmerican
ProfessionBusinessman
Date of Birth19 July 1962
CountryUnited States of America
business incredibly market move price products retail talking trying ultimately volume
Trying to move the volume of products we're talking about from place to place to get it ultimately into the customer's hands, to price these items, to market these items, I think the retail business is incredibly complex. But if you get it right, it's a beautiful thing.
blend culture cultures focused great separate staying stores
We don't want two separate cultures but to blend it into one great culture. ... The idea is to make the stores more competitive while staying focused on the customer.
allow both business cost customers employees lower models retail run structures valued
Many of our retail competitors have much lower cost structures that allow them to run different business models that are valued by both employees and customers alike,
allow both clear companies compete evolving
I was very clear why we put these companies together and what our goals were. It was really to allow both Sears and Kmart to compete in what I thought was going to be a more challenging but evolving industry.
almost badge full fund term
The pushback I get is, 'He's a hedge fund guy.' Full stop. Some places, that can be a badge of honor. In others, it's almost a term of derision.
information moved nostalgic people time
I think a lot of times when people talk about merchants, it's almost a nostalgic look back at the time where the world moved at a very different pace, and information was very different.
I'm not from a retail background, but I am a shopper.
change fail mean unwilling
If you're unwilling to try new things and to fail and learn, you don't have a shot. That doesn't mean you are going to be successful, but you have to try to change.
want great-business businessman
I want to be known as a great businessman,
years two want
If we put a product into Sears, we don't want to have to pull it out in a year, or two years, or three years. We don't want to do that only to have it yanked away.
strong home skills
To operate a company of the size of Sears Holdings or Wal-Mart or Target or Home Depot or Lowes, you need a combination of skills, and each of those skills needs to be sufficiently strong.
opportunity thinking ideas
This idea of anticipation is key to investing and to business generally. You can't wait for an opportunity to become obvious. You have to think, "Here's what other people and companies have done under certain circumstances. Now, under these new circumstances, how is this management likely to behave?"
important exit strategy
The entrance strategy is actually more important than the exit strategy,
achieve align believe build changes clarity company connecting corporate credit goal greater including management multiple online operating service store structure various vision ways
Alan, Aylwin and I believe these changes will achieve greater clarity in our operating management and align this corporate structure with our vision of Sears Holdings, ... Our goal is to build one company with multiple ways of connecting with our customers, including our various store formats, online offerings, service relationships, and credit products.