Posted on: November 22, 2013 02:04 PM

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No not Larry but Eddie the Liquidator

Eddie Lampart has taken over as the chairman and CEO of Sears and his mission is to sell the company piece by piece after posting $534 million loss which is 6.6% drop. However online sales continue to rise by 17% but its premature to compete with Amazon, the current leader of retail operation. Many under performing stores are under process of closing down especially in rural areas where its competitor Walmart is located. Once a quality brand name for its appliances and auto tools, Sears struggling to stay adaptive to current environment.