Eddie Lampert Video to the Shareholder Annual Meeting

"Highlights are

- Lampert doesn't see a turnaround so far in consumer economy and doesn't foresee one this year.

- He hasn't seen a benefit as yet from interest rate cuts but does think that there will be a benefit.

- He thinks the market is flooded with too many stores being opened by competitors.

- Brands seem to be the new bet for Sears--are brands/merchandising replacing Lampert's emphasis on the underlying real estate play?

- There is a fundamental shift in how consumers shop. Part of that is due to increasingly specialized brick and mortar as well as online retailers.

"-Stock Article Link