Sears Holdings Corp. (fka SHLDQ)

[justthefactsmam]

from thursday wsj article by suzanne kapner, lillian rizzo,contributor:

in what was described as lampert's "first interview since his rescue plan was approved by the bankruptcy court this week" he said:

0 the restructured company doesn't yet have a new corporate name
0 he will sell or sublease some of the chain's 425 remaining stores
0 wants to open smaller stores similar to the one in oak brook, illinois
0 goal is to continue to shrink the size of our stores
0 he plans to devote more space to tools and appliances
o not all of the 425 stores are profitable
0 it would be very difficult to keep all of those stores open
0 would like to maintain a presence in the stores they are already in
0 he is buying a number of closed stores which likely will be sold
0 the restructured company is controlled by lampert
0 doesn't want to see his new sears stay private indefinitely
0 if private could do things that public investors wouldn't endorse
0 however, going public would enable fund raising in public market
0 bets at some point his "new sears" would be public again