Billionaire Sears Holdings (SHLD.O) Chairman Eddie Lampert is wading into the blame game over Sears Canadas demise.
In a lengthy blog post, Lampert, who owned a large stake of the firm through ESL Holdings, said company management sowed the seeds of the retailers slide into insolvency by undertaking an ill-fated strategy when former Executive Chairman Brandon Stranzl spearheaded his Sears 2.0 plan.
ESL disagreed with the aggressive and risky strategy to stimulate sales growth known as Sears 2.0, Lampert wrote on Sunday. ESL believed that strategy was highly risky and unlikely to succeed, but was surprised by the rapid decline in the operating performance and cash flow of the company.
Lampert took further issue with Sears Canadas…
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