Business Insight Zone

As a follow-up to Friday’s post, here’s Eddie Lampert’s rebuttal of criticisms of Sears Holdings and its performance:

Sears’ Lampert takes media, Street to task

CHICAGO, Nov 30 (Reuters) – Sears Holdings Corp Chairman Edward Lampert on Friday took the media and analysts to task for underestimating the company, saying the retailer is being criticized for the same practices that elicit praise when used by its competitors.

“When other companies manage expenses carefully, it is often characterized as a sign of good management and prudence. In the case of Sears Holdings, meanwhile, expense controls are often cited as a root cause of poor performance,” he said.

Link.