This Sears Unit Is Still Making Money (And It Has Nothing To Do With Real Estate) - Twice

This Sears Unit Is Still Making Money (And It Has Nothing To Do With Real Estate)

"Sears Chief Executive Eddie Lampert has finally figured out how to make money off his retail chain - and it has nothing to do with getting more fannies into stores. The hedge fund mogul, who owns Sears and Kmart, is turning a profit in a little-known company offshoot that delivers and installs appliances for its store and a handful of rivals."
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Sears may be in the red, but the retailer's delivery and installation arm, which provides services to rival chains like Costco, is raking in the cash.

"Sears Chief Executive Eddie Lampert has finally figured out how to make money off his retail chain - and it has nothing to do with getting more fannies into stores. The hedge fund mogul, who owns Sears and Kmart, is turning a profit in a little-known company offshoot that delivers and installs appliances for its store and a handful of rivals."

Read More at the New York Post

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