When two companies merge to take on a market leader, the big kid on the block often suffers.
Sears Holdings Corp. tumbled the most in 8 1/2 years after saying it will close as many as 120 stores, with a deeper-than-expected sales decline casting doubt on Chairman Edward Lampert’s efforts to turn around the chain.
Edward Lampert, Sears Holdings Corp.’s chief executive officer and largest shareholder, likes to ladle praise on digital retailers.
"Investors should not underestimate the opportunity that market-share gains from Sears represent."
- Gary Balter on Nov 17, 2014